Outlook for 2019

May 17, 2019 Fiskars lowers its outlook for comparable EBITA in 2019, comparable net sales outlook unchanged

Fiskars Corporation lowers its guidance for the comparable EBITA for the full year 2019. Fiskars now expects that the comparable EBITA will be below the previous year’s level. Previously, Fiskars expected comparable net sales and comparable EBITA to be at the same level as in 2018.

Stock exchange release May 17, 2019:
https://www.fiskarsgroup.com/media/press-releases/fiskars-corporation-lowers-its-outlook-comparable-ebita-2019-comparable-net

Interim report Q1 2019

In 2019, Fiskars Group expects the comparable net sales and comparable EBITA to be at the same level as in 2018. The outlook is influenced by the company’s investments in growth initiatives that are expected to add sustainable value in the long-term. In addition, there are material risks relating to changes in the operating environment, e.g. Brexit and the U.S. tariffs. An unfavorable outcome of these risks might have a significant impact on the comparable net sales and comparable EBITA. Furthermore, fluctuations in currency rates might also have a considerable impact on comparable EBITA.

Comparable net sales excludes the impact of exchange rates, acquisitions and divestments. Items affecting comparability in EBITA include restructuring costs, impairment charges, integration related costs, acquisitions and divestments, and gain and loss from the sale of business.

Financial statement release 2018

In 2019, Fiskars Group expects the comparable net sales and comparable EBITA to be at the same level as in 2018.

The outlook is influenced by the company’s investments in growth initiatives that are expected to add sustainable value in the long-term. In addition, there are material risks relating to changes in the operating environment, e.g. Brexit and the U.S. tariffs. An unfavorable outcome of these risks might have a significant impact on the comparable net sales and comparable EBITA. Furthermore, fluctuations in currency rates might also have a considerable impact on comparable EBITA.

Comparable net sales excludes the impact of exchange rates, acquisitions and divestments. Items affecting comparability in EBITA include restructuring costs, impairment charges, integration related costs, acquisitions and divestments, and gain and loss from the sale of businesses.

 

Updated May 20, 2019