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Fiskars lowers its comparable net sales guidance for the full year 2019. Fiskars now expects that the comparable net sales will be below the previous year’s level. Previously, Fiskars expected comparable net sales to be at the same level as in 2018. Fiskars continues to expect that in 2019, the comparable EBITA will be below the previous year’s level.
Stock exchange release October 16, 2019:
https://www.fiskarsgroup.com/media/press-releases/fiskars-lowers-its-out...
OUTLOOK FOR COMPARABLE EBITA IN 2019 UPDATED (MAY 17, 2019)
In 2019, Fiskars expects the Group's comparable net sales to be at the same level as in 2018 and comparable EBITA to be below the previous year’s level.
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 continued material risks relating to changes in the operating environment, e.g. Brexit and potential further increases to 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.
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
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.
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