Outlook for 2021

April 19, Fiskars upgrades its outlook for 2021

Fiskars upgrades its outlook for 2021 as the company expects the strong momentum in the first quarter to continue. The company now expects the comparable EBITA for 2021 to be in the range of EUR 130 – 145 million.

March 24, Fiskars upgrades its outlook for 2021 thanks to a strong start to the year

Fiskars’ outlook for 2021 has improved as a result of the better than expected performance during the first quarter. The company now expects the comparable EBITA to be lower than in 2020, but above EUR 120 million.

Financial Statement Release 2020

In 2021, comparable EBITA is expected to be lower than in 2020, but above EUR 110 million.

Visibility continues to be low due to the COVID-19 pandemic, which is profoundly impacting consumers’ lives in terms of changes in for example disposable income, purchasing choices and consumer behavior. These may bring challenges as well as opportunities for Fiskars Group. The majority of the savings in 2020 were temporary in nature and impacted for example marketing. To ensure sustainable business in the long-term, similar temporary cost savings cannot be maintained for a prolonged period of time. Furthermore, the benefits from the ongoing Restructuring and Transformation programs are expected to fully materialize in 2022. More detailed discussion on potential risks and uncertainties can be found in the Risks and business uncertainties -section of this Financial Statement Release.

Updated April 20, 2021