Q2 2026 Fiskars Corp Earnings Call Transcript
Key Points
- Fiskars Oyj (FKRAF) reported its fourth consecutive growth quarter, driven primarily by the VITA business area.
- Comparable net sales increased by 3%, and comparable EBIT improved significantly from approximately 3 million to nearly 8 million.
- The company achieved a significant improvement in free cash flow, reaching 31 million, driven by networking capital and strict CapEx management.
- Fiskars Oyj (FKRAF) regained the platinum EcoVadis status, placing it in the top 1% of companies for sustainability efforts.
- The company reported robust growth in key markets, including the USA, Sweden, Denmark, Finland, and Japan, which together account for over 50% of Q2 sales.
- Despite improvements, the comparable EBIT for the VITA business area remains negative.
- Gross margin in the VITA business area decreased due to supply chain actions and scaling down production, impacting EBIT.
- The company faces challenges in Central European markets, where consumer cautiousness is affecting sales.
- Inventory levels remain high, with a need for further actions to reduce them, particularly in the VITA area.
- The company has not received any tariff refunds in the US yet, and the process for claiming these refunds is complex and uncertain.
Hello, and welcome to Fiskars Group's Q2 results webcast. My name is Essi Lipponen, and I'm the Director of Investor Relations.
I'm here with our President and CEO, Juri Luomakoski, and our CFO, Jussi Sitonen.
Let's look at the agenda of this call.
Juri will first go through Q2 in brief, some highlights. After that, Jussi will go through the financials in more detail, after which.
Jussi will hand over to Juri, who will cover business areas and our guidance for the year. After that, we will have plenty of time for your questions, and we welcome questions both through the chat and through the phone lines.
Juri, please go ahead.
Thank you, Essi. Good morning and welcome us on my behalf.
Brief summary of the quarter. It was actually the fourth consecutive growth quarter, much driven by our business area, Vita.
Comparable net sales 3%
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