I hadn’t commented on this yet. A surprisingly hefty write-down, which corresponds to almost the entire amount of software capitalized on the balance sheet. However, this is not a problem for Fiskars’ balance sheet, as the total balance sheet sum is approximately EUR 1.7 billion and equity is approximately EUR 800 million. From the perspective of the income statement and cash flow, I understand this only means a shift of costs from investments/depreciation to direct expenses. Operationally, there should therefore be no material impact.
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