Gardening tools maker Fiskars' Q4 helped by stay-at-home sales
05/02/2021 07:51
(Adds details, sales, outlook)
HELSINKI, Feb 5 (Reuters) - Finland's Fiskars FSKRS.HE
reported growth in fourth-quarter sales and profits on Friday as
the gardening and kitchen tools manufacturer continued to
benefit from consumers staying at home across its markets.
Net sales gained 1.7% to 313 million euros from a year
earlier as online sales grew, company said, while earnings per
share rose to 0.30 euros from 0.26 euros.
"Visibility continues to be low due to the COVID-19
pandemic, which is profoundly impacting consumers' lives in
terms of changes in for example disposable income, purchasing
choices and consumer behaviour," the company said.
Over the past six months, however, people under lockdown
have invested more on their homes while good weather conditions
prolonged the gardening season in Europe and North America.
Fiskars said it expected 2021 EBITA to be lower than in 2020
but above 110 million euros as the company adapts to changes
brought by the pandemic.
(Reporting by Essi Lehto and Tarmo Virki; editing by Jacqueline
Wong and Jason Neely)
((Essi.Lehto@thomsonreuters.com;))