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Press and stock exchange releases from Fiskars Corporation, dating from 1997 have been gathered onto this page. Additional financial data related to interim reports and the annual reports stock exchange releases can be retrieved from 2000 onwards.

Stock-exchange releases related to transactions of Fiskars shares by the management and closely associated persons as well as Fiskars management’s shareholdings as detailed in EU Market Abuse Regulation No 596/2014, ”MAR”, can be found on the Management’s Transactions page »

Stock-exchange releases related to the buyback of Fiskars shares by Fiskars Corporation can be found on the Share buyback page »

Published:
2017-04-20 07:30:00 CEST
Fiskars Corporation
Other information disclosed according to the rules of the Exchange

Fiskars’ restated segment information for 2016 according to the new organizational structure

Fiskars Corporation
Stock Exchange Release
April 20, 2017 at 8:30 EEST
 

Fiskars’ restated segment information for 2016 according to the new organizational structure 

Fiskars has today published restated quarterly segment information for the year 2016 concerning the new primary reporting segments: Living, Functional and Other segment as well as the geographical segments Europe, Americas, and Asia-Pacific. 

As announced on November 10, 2016, Fiskars has changed its organizational structure with the aim to leverage the full potential of its strong brands, build company-wide capabilities and increase speed and alignment. Starting from January 2017, the new structure features two Strategic Business Units (SBU): Living and Functional. Following the changes in the organizational structure, Fiskars also revised its financial reporting structure. 

As of Q1 2017, Fiskars’ three primary reporting segments are: Living, Functional, and Other. In addition, Fiskars reports group-level net sales for three geographical reporting segments: Europe, Americas, and Asia-Pacific.      

SBU Living offers premium and luxury products for tabletop, giftware and interior décor. It consists of the English & Crystal Living and Scandinavian Living businesses. English & Crystal Living business includes brands such as Waterford, Wedgwood, Royal Albert, and Royal Doulton. Scandinavian Living business includes brands such as Iittala, Royal Copenhagen, Rörstrand, and Arabia.  

SBU Functional provides tools for use in and around the house as well as outdoors, and consists of brands such as Fiskars, Gerber, and Gilmour. The former Outdoor business operates as a part of the SBU Functional.  

Other segment contains the Group’s investment portfolio, real estate unit, corporate headquarters, and shared services. 

Fiskars presents the following restated, comparable and unaudited historical information: quarterly key figures for primary reporting segments in 2016: Living, Functional and Other, as well as geographical reporting segments: Europe, Americas, and Asia-Pacific.  

NET SALES BY SEGMENT          
           
EUR million Q1 2016 Q2 2016 Q3 2016 Q4 2016 2016
Living 128.9 125.0 144.8 199.4 598.1
Functional 166.4 167.5 134.9 133.9 602.7
Other 0.9 1.0 1.1 0.8 3.8
Group total 296.2 293.5 280.8 334.1 1 204.6
           
ADJUSTED EBITA BY SEGMENT          
           
EUR million Q1 2016 Q2 2016 Q3 2016 Q4 2016 2016
Living 3.7 -0.6 16.9 39.4 59.4
Functional 23.0 23.8 9.8 0.6 57.1
Other -1.7 -2.3 -1.8 -3.7 -9.5
Group total 25.0 20.9 24.9 36.3 107.1
           
ADJUSTED OPERATING PROFIT (EBIT) BY SEGMENT          
           
EUR million Q1 2016 Q2 2016 Q3 2016 Q4 2016 2016
Living 1.7 -2.8 14.8 37.1 50.8
Functional 21.9 22.4 8.5 -1.1 51.8
Other -1.7 -2.3 -1.8 -3.0 -8.7
Group total 21.9 17.3 21.6 33.0 93.8
           
OPERATING PROFIT (EBIT) BY SEGMENT          
           
EUR million Q1 2016 Q2 2016 Q3 2016 Q4 2016 2016
Living 0.7 -3.8 19.4 32.7 49.0
Functional 20.6 22.1 2.8 -5.2 40.3
Other 2.3 -3.5 -2.1 -3.4 -6.7
Group total 23.7 14.8 20.1 24.1 82.7
           
CAPITAL EXPENDITURE BY SEGMENT          
           
EUR million Q1 2016 Q2 2016 Q3 2016 Q4 2016 2016
Living 3.0 3.7 3.1 5.0 14.9
Functional 4.6 5.3 6.2 5.7 21.8
Other 0.6 1.1 0.3 -1.1 0.9
Group total 8.2 10.2 9.6 9.6 37.6
           
NET SALES BY GEOGRAPHICAL SEGMENTS          
           
EUR million Q1 2016 Q2 2016 Q3 2016 Q4 2016 2016
Europe 135.0 131.9 126.1 162.2 555.3
Americas 128.8 128.5 116.4 116.2 489.9
Asia-Pacific 33.0 33.3 34.0 53.0 153.3
Unallocated* -0.6 -0.1 4.3 2.7 6.2
Group total 296.2 293.5 280.8 334.1 1 204.6

* Geographically unallocated exchange rate differences

 

FISKARS CORPORATION

Teemu Kangas-Kärki
Interim CEO and President


Media and investor contacts
VP, Corporate Communications and Sustainability Maija Taimi, tel. +358 204 39 5031, communications@fiskars.com

Fiskars Making the everyday extraordinary
Fiskars serves consumers and customers around the world with globally recognized brands including Fiskars, Gerber, Iittala, Royal Copenhagen, Waterford, and Wedgwood. Building on our mission to create a family of iconic lifestyle brands, Fiskars’ vision is to create a positive, lasting impact on our quality of life. Please visit www.fiskarsgroup.com for more information.



20170420 Fiskars restated segment information for 2016 according to the new
organizational structure_eng.pdf