Fiskars: Weak market challenges the upcoming quarters
Fiskars' Q3 was solid and the company continues to guide the full-year adjusted EBIT to improve. However, we believe the improvement will be very marginal and the weak market will burden next year's results, especially the beginning of the year, below this year's level. Despite this, we see Fiskars' earnings level being structurally much higher than before the COVID crisis, and the company will make new record results in 2024.
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 Figures2022-09-26
2021 | 22e | 23e | |
---|---|---|---|
Revenue | 1,254.4 | 1,294.8 | 1,299.9 |
growth-% | 12.38 % | 3.23 % | 0.39 % |
EBIT (adj.) | 154.4 | 157.5 | 150.8 |
EBIT-% (adj.) | 12.31 % | 12.17 % | 11.60 % |
EPS (adj.) | 1.21 | 1.56 | 1.41 |
Dividend | 0.76 | 0.82 | 0.82 |
Dividend % | 3.30 % | 4.64 % | 4.64 % |
P/E (adj.) | 19.08 | 11.36 | 12.55 |
EV/EBITDA | 9.34 | 7.54 | 6.99 |