Fiskars (FSKRS) Q2 2026 earnings summary

Executive summary

• Achieved fourth consecutive quarter of growth, with Q2 comparable net sales up 2.7% to €260.9M and comparable EBIT rising to €7.7M from €3.0M, mainly driven by Business Area Vita's turnaround and stable performance in Fiskars.

• Free cash flow improved significantly to €30.7M in Q2, supported by lower net working capital and strict CapEx management.

• Sustainability progress recognized with regained EcoVadis Platinum status, placing the company in the top 1% of assessed firms.

• New financial targets for 2026–2030 were introduced.

• Business Area Vita showed early signs of recovery, while Fiskars maintained stable sales and profit.

Financial highlights

• Q2 comparable net sales: €260.9M (+2.7%); comparable EBIT: €7.7M (3.0% margin); comparable EBITDA: €26.6M.

• Adjusted EPS was -€0.06; cash earnings per share rose to €0.51.

• Free cash flow for Q2 reached €30.7M, mainly due to net working capital reduction.

• CapEx in Q2 was €7.0M, less than half of last year’s level.

• Net debt at quarter-end was €541M, with net debt/EBITDA at 3.42x.

Outlook and guidance

• Guidance for 2026 unchanged: comparable EBIT expected to improve from 2025 (€76.4M), with majority of EBIT expected in H2, especially from Business Area Vita.

• EBIT improvement in H2 expected to be driven by Vita, with SG&A savings from restructuring programs already executed.

• Guidance does not include any potential U.S. tariff refunds.

• Persisting global economic uncertainties and limited visibility are noted.