Fiskars: Q4 operating profit in line with expectations, net sales missed
Fiskars published its preliminary Q4 results on Friday, reporting comparable operating profit in line with previous guidance, but net sales were clearly lower year-on-year and thus below our expectations. In the longer term, we don’t see this as a significant issue for the value of the company. However, we have revised our estimates slightly downwards for 2023.
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Fiskars
Fiskars is a manufacturer of products for homes and households. The product portfolio is broad and consists, for example, of scissors, garden and food tools, as well as other products for home and garden. The company operates worldwide, where the products are sold under various own brands. The largest business is found in the European market. The head office is located in Helsinki.
Read more on company pageKey Estimate Figures16.01.2023
2021 | 22e | 23e | |
---|---|---|---|
Revenue | 1,254.4 | 1,248.0 | 1,204.3 |
growth-% | 12.38 % | -0.51 % | -3.50 % |
EBIT (adj.) | 154.4 | 151.2 | 129.9 |
EBIT-% (adj.) | 12.31 % | 12.12 % | 10.78 % |
EPS (adj.) | 1.21 | 1.48 | 1.13 |
Dividend | 0.76 | 0.76 | 0.76 |
Dividend % | 3.30 % | 4.57 % | 4.57 % |
P/E (adj.) | 19.08 | 11.23 | 14.65 |
EV/EBITDA | 9.34 | 7.28 | 7.50 |