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Research

Fiskars: Weak Q2 expected but the share is cheap

By Inderes
Fiskars
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The late spring and retailers’ high inventory levels are expected to cause more headwind for Fiskars than we previously estimated resulting in us cutting our estimates. For 2022, we now expect adjusted EBIT to be roughly at last year's level while the company’s guidance is increasing EBIT. Even with this conservative estimate, the share valuation is relatively low, considering the company's improved performance and growth expectations for the next few years.

Fiskars is a manufacturer of products for the home and household. The product range is broad and consists of, for example, scissors, garden and food tools, as well as other products for the home and garden. Operations are held on a global level where the products are sold under various own brands. The largest operations are found in the European market. The headquarters are located in Helsinki.

Read more on company page

Key Estimate Figures2022-05-02

202122e23e
Revenue1,254.41,333.91,387.4
growth-%12.4 %6.3 %4.0 %
EBIT (adj.)154.4171.5182.0
EBIT-% (adj.)12.3 %12.9 %13.1 %
EPS (adj.)1.211.691.77
Dividend0.760.961.08
Dividend %3.3 %7.7 %8.6 %
P/E (adj.)19.17.47.1
EV/EBITDA9.35.14.3

Forum discussions

Fiskars’ CEO Jyri Luomakoski was talking about his company at the Investor 2025 event. Inderes Fiskars sijoituskohteena | Sijoittaja 2025 - ...
11/28/2025, 2:56 PM
by Sijoittaja-alokas
2
Rauli has published a new company report after the negative profit warning. Fiskars’ larger-than-expected profit warning significantly cut our...
11/21/2025, 8:38 AM
by Sijoittaja-alokas
2
I have actually been waiting since 2022 for Fiskars to find a price slightly above 10€ at which I could buy shares. My previous more detailed...
11/20/2025, 8:32 AM
by Addick
10
Even though there are three CEOs in the house:
11/20/2025, 7:26 AM
by Karhu Hylje
8
Fiskars’ guidance reliability does not seem to have improved at all.
11/20/2025, 6:31 AM
by LeFevre
14
A wise owl would also work as a symbol But the profit warning was indeed surprisingly quick and large. It’s strange that the company’s estimates...
11/20/2025, 6:25 AM
by Rauli_Juva
12
Oho, quite a sharp profit warning. Indeed, @Rauli_Juva has been on the right track here, even if sometimes a bit of a doomsayer (I changed the...
11/19/2025, 6:50 PM
by NukkeNukuttaja
14
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