Fiskars (FSKRS) Investor Update summary

Strategic focus and organizational structure

• Business Area Fiskars operates as a distinct, asset-light entity with a focus on agility and market proximity, especially in North America and Europe.

• The legal split into two business areas (Fiskars and Vita) enhances transparency, capital allocation, and accountability, with full balance sheet separation expected after Q1.

• Business areas now operate independently with their own CEOs, enabling faster execution and tailored growth strategies.

• The group role centers on capital allocation and shared services, while business areas have autonomy over P&L and strategic execution.

Financial performance and resilience

• Business Area Fiskars achieved net sales of €530.9M and a comparable EBIT of €69.1M for LTM Q3 2025.

• Maintains stable double-digit profitability and high SG&A efficiency despite a 3.7% decline in net sales.

• Asset-light operations and high capital turnover drive robust returns on invested capital.

• Strategic pricing, operational efficiency, and cost control have offset tariff impacts and supported resilience.

• Focus remains on defending EBIT, sustaining cash flow, and fueling profitable growth.

Innovation and product development

• Innovation pipeline has more than doubled in 20 months, supporting launches in axes, urban gardening, pet care, and entry into power tools.

• New products leverage core cutting expertise and address emerging consumer trends, including premium Ultra Axes and pet care.

• Emphasis on design, ergonomics, and sustainability, with targets for 50% circular materials by 2030 and strong repairability focus.