Fiskars (FSKRS) Q3 2026 earnings summary

Executive summary

• Fifth consecutive quarter of comparable net sales growth; Q3 comparable sales rose 3.0%, comparable EBIT reached €20.2m and free cash flow turned positive at €14.4m.

• Both business areas grew; higher volumes and gross-margin expansion supported EBIT gains, with Vita leading.

Financial highlights

• Q3 net sales were €268.7m, up 3.6% reported and 3.0% comparable; comparable gross profit rose 8.4% to €131.3m.

• Q3 comparable EBIT was €20.2m versus €13.9m; reported EBIT was €16.5m versus €12.0m. Comparable EBITDA was €38.6m versus €32.5m.

• Q3 profit was €8.5m versus €5.3m; comparable EPS was €0.14 versus €0.08.

• 9M net sales were €812.5m, up 2.6% comparable; comparable EBIT rose to €52.9m from €43.6m. 9M profit was €9.2m versus a €9.9m loss.

• Q3 free cash flow was €14.4m versus -€20.3m; 9M free cash flow was €33.7m versus -€45.8m, supported by improved working capital.

Outlook and guidance

• FY2026 guidance was unchanged: comparable EBIT is expected to improve from 2025’s €76.4m, primarily driven by Vita.

• Vita changes are expected to support Q4 EBIT, while inventory-reduction actions will weigh somewhat; Q4 is seasonally important for Vita.

• Further U.S. tariff refunds are expected in Q4; limited visibility and global economic uncertainty remain.

• 2026–2030 targets include comparable sales growth of 4–6% for Vita and 3–5% for Fiskars, with 2030 comparable EBIT margins of at least 12%, 14% and 12% for Vita, Fiskars and consolidated operations.

• Longer-term targets include free cash flow/EBIT of at least 75% and year-end net debt/comparable EBITDA of no more than 2.5x.