Q4 2024 Fiskars Oyj Abp Earnings Call Transcript
Key Points
- Fiskars Oyj (FKRAF) achieved an all-time high EBIT in Q4 2024, driven by a record gross margin of 49.4%.
- The company reported a robust cash flow in Q4, indicating a return to normalized levels.
- The board proposed an increased dividend of EUR 0.84, reflecting confidence in the company's financial health.
- Fiskars Oyj (FKRAF) successfully implemented cost-efficient programs, resulting in net savings of approximately EUR 40 million for the full year.
- The company is on track to meet its long-term gross margin target of 49% by the end of 2025, with sustainable improvements in supply chain efficiency.
- Q4 2024 saw a 2.4% decline in net sales, reflecting ongoing challenges in consumer sentiment and weak volumes.
- Cash earnings per share decreased by EUR 0.26 to EUR 0.85 on a full-year basis, indicating pressure on cash profitability.
- The company faces potential impacts from dynamic tariff situations in the USA, which accounts for a significant portion of its net sales.
- Despite strong performance, the company does not expect significant demand improvement in 2025, citing limited visibility and a challenging operating environment.
- Net debt to EBITDA ratio slightly exceeded the long-term target, standing at 2.55x, indicating a need for further leverage reduction.
Hello and welcome to Fiskars Oyj Abp Q4 and full year results webcast.
I am Noora Huttula from Fiskar Group's Investor Relations and I am here with our President and Chief Executive Officer Nathalie Ahlström and Chief Financial Officer Jussi Siitonen. Nathalie and you will first take you through the highlights of the quarter and the year and after that, we have time for your questions.
(Operator Instructions)
Nathalie, please go ahead.
¶ -
Thank you Nora and welcome everybody to be here. Now to hear about our Q4 and the full year of 2024 first, a few of the highlights. We are very proud how we finished the year. It's been a tough year, and we finished strongly with the all time high EBIT. So very strong foundation that we are having now in place despite the weak volumes and the consumer sentiment that we have had this all time high EBIT was driven by also all time high gross margin of 49.4% in
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
