Fiskars’ garden segment peer Husqvarna reported its Q4 results today, which had already been warned about in advance, as I commented above.
The relevant peer for Fiskars, i.e., the Gardena division, reported an organic net sales decrease of as much as 8% and weakening profitability. The company states that sales of robotic lawnmowers and watering products, in particular, decreased (which Fiskars does not have), while sales of hand tools increased (which Fiskars does have). Consequently, Fiskars has likely performed better than Gardena. For the entire Fiskars division, our expectation is a comparable level to the reference period for both net sales and operating profit. Fiskars reports tomorrow, and disappointment can practically no longer occur, as an earnings warning was avoided, as I wrote in the preliminary comment above. Regarding this year’s outlook, Husqvarna does not talk much about it in the report, at least not in the typical Swedish manner.
Here is Husqvarna’s report.
202502042173-1.pdf