Fiskars Oyj (FRA:A8X)
€ 13.2 +0.020 (+0.15%) Market Cap: 1.08 Bil Enterprise Value: 1.62 Bil PE Ratio: 41.93 PB Ratio: 1.67 GF Score: 79/100

Q1 2026 Fiskars Oyj Abp Earnings Call Transcript

Apr 23, 2026 / 08:00AM GMT
Release Date Price: €13.18 (+6.29%)

Key Points

Positve
  • Fiskars Oyj (FKRAF) reported an increase in comparable net sales and free cash flow for Q1 2026.
  • The company achieved a third consecutive growth quarter for its BA-VITA segment.
  • Fiskars Oyj (FKRAF) has reached some of its 2030 sustainability targets ahead of schedule, prompting an increase in those targets.
  • The Fiskars BA segment showed improved EBIT due to operational efficiency improvements, particularly in manufacturing.
  • The company has hedged over half of its next 12 months' currency flows and two-thirds of its commodity consumption, providing some protection against market volatility.
Negative
  • Comparable EBIT declined due to a significant negative impact from US dollar currency translation.
  • The VITA segment experienced a decrease in gross margin due to supply chain inefficiencies and high inventory levels.
  • Fiskars Oyj (FKRAF) is not satisfied with its current inventory levels, which remain higher than desired.
  • The company faces challenges in the highly volatile business environment, with limited visibility due to global economic uncertainties.
  • There are logistical challenges affecting raw material availability, particularly due to changes in ocean freight routes.
Essi Lipponen
Fiskars Oyj Abp - Director - Investor Relations

Hello, and welcome to Fiskars Group's Q1 2026 Results webcast. My name is Essi Lipponen, and I'm the Director of Investor Relations.

I'm here with our President and CEO, Jyri Luomakoski.

Jyri Luomakoski
Fiskars Oyj Abp - President, Chief Executive Officer, Member of the Group Leadership Team

Good morning.

Essi Lipponen
Fiskars Oyj Abp - Director - Investor Relations

And our CFO, Jussi Siitonen.

Jussi Siitonen
Fiskars Oyj Abp - Group Chief Financial Officer, Deputy to the President and Chief Executive Officer of Fiskars Group and Member of the Group Leadership Team

Good morning.

Essi Lipponen
Fiskars Oyj Abp - Director - Investor Relations

Let's look at the agenda for this call.

Jyri will first go through the key takeaways of the quarter.

After that, Jussi will dive deeper into the numbers.

Jyri will then continue with

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