Fiskars: Success on a broad front
Fiskars Q4 report was strong and the company is now doing what was promised during its CMD. Fiskars that has for long had problems with growth continued to grow convincingly in each segment and in each market area, even though it faced a very strong comparison period. Gross margin improved sharply despite the increased logistics, raw material and energy costs. However, growth investments weakened earnings development in the bottom lines. We revised our estimates for the next few years slightly upward, but we want more evidence from the company about the continued performance improvement.
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 Figures2022-02-06
2021 | 22e | 23e | |
---|---|---|---|
Revenue | 1,254.3 | 1,278.9 | 1,329.9 |
growth-% | 12.38 % | 1.96 % | 3.99 % |
EBIT (adj.) | 154.3 | 156.8 | 167.1 |
EBIT-% (adj.) | 12.30 % | 12.26 % | 12.57 % |
EPS (adj.) | 1.20 | 1.53 | 1.59 |
Dividend | 0.76 | 0.95 | 1.05 |
Dividend % | 3.30 % | 5.58 % | 6.16 % |
P/E (adj.) | 19.10 | 11.12 | 10.71 |
EV/EBITDA | 9.34 | 6.99 | 6.26 |