Fiskars’ Q4, let @Rauli_Juva break it down: Fiskars Corporation: Fiskars Oyj Abp:n tilinpäätöstiedote 2024 - Inderes
October-December 2024 in brief:
- Comparable net sales1 decreased by 2.4% to EUR 337.2 million (10-12/2023: 345.5). Reported net sales decreased by 2.5% to EUR 337.2 million (345.8).
- Comparable EBIT2 increased to EUR 42.9 million (37.7), and was 12.7% (10.9%) of net sales. EBIT decreased to EUR 30.9 million (34.0).
- Cash flow from operating activities before financial items and taxes decreased to EUR 88.8 million (101.4).
- Free cash flow decreased to EUR 69.4 million (77.5).
- Comparable earnings per share were EUR 0.57 (0.40). Earnings per share were EUR 0.45 (0.35).
January-December 2024 in brief:
- Comparable net sales1 decreased by 5.0% to EUR 1,018.1 million (1-12/2023: 1,071.4). Reported net sales increased by 2.4% to EUR 1,157.1 million (1,129.8).
- Comparable EBIT2 increased to EUR 111.4 million (110.3), and was 9.6% (9.8%) of net sales. EBIT decreased to EUR 37.1 million (98.9).
- Cash flow from operating activities before financial items and taxes decreased to EUR 145.4 million (247.5).
- Free cash flow decreased and was EUR 81.7 million (184.9).
- Comparable earnings per share were EUR 1.07 (0.99). Earnings per share were EUR 0.33 (0.86).
Proposal for dividend distribution
The Board of Directors proposes to the Annual General Meeting that a dividend of EUR 0.84 per share be paid for the financial year ended December 31, 2024. The dividend will be paid in two installments of EUR 0.42 each.
Outlook for 2025
Fiskars Corporation expects comparable EBIT to improve from the 2024 level (2024: EUR 111.4 million).