Fiskars - Profitability optimization and transformation story?

Results are out, I won’t start interpreting them since @Rauli_Juva is always so quick with his comments. Funny, by the way, that this stock doesn’t arouse much passion—guess discount stores are what’s truly closest to Finnish hearts :slight_smile: : Fiskars Oyj Abp:n osavuosikatsaus tammi-syyskuulta 2026: Vertailukelpoinen liikevaihto kasvoi viidennellä peräkkäisellä vuosineljänneksellä - myös vertailukelpoinen EBIT ja vapaa rahavirta paranivat | Kauppalehti

July–September 2026 in brief:

  • Comparable net sales¹ increased by 3.0% to EUR 268.7 million (Q3 2025: 261.0). Reported net sales increased by 3.6%.
  • Comparable EBIT² increased to EUR 20.2 million (13.9), representing 7.5% (5.3%) of net sales.
  • EBIT increased to EUR 16.5 million (12.0).
  • Cash flow from operating activities before financial items and taxes increased to EUR 36.7 million (1.7).
  • Free cash flow³ increased to EUR 14.4 million (-20.3).
  • Comparable earnings per share were EUR 0.14 (0.08). Earnings per share were EUR 0.10 (0.07). Cash flow per share was EUR 0.44 (0.00).

January–September 2026 in brief:

  • Comparable net sales¹ increased by 2.6% to EUR 812.5 million (Q1–Q3 2025: 791.7). Reported net sales remained stable, increasing by 0.4%.
  • Comparable EBIT² increased to EUR 52.9 million (43.6), representing 6.5% (5.4%) of net sales.
  • EBIT increased to EUR 37.3 million (12.6).
  • Cash flow from operating activities before financial items and taxes increased to EUR 95.0 million (29.7).
  • Free cash flow³ increased to EUR 33.7 million (-45.8). Cash conversion⁴ was 141.3% (16.5%).
  • Comparable earnings per share were EUR 0.26 (0.17). Earnings per share were EUR 0.11 (-0.13). Cash flow per share was EUR 0.99 (0.17).

And there are Rauli’s comments already, beat the bear forecasts: Fiskars Q3'26 -pikakommentti: Laaja-alainen kasvu ja säästöt ajoivat tuloksen yli ennusteemme - Inderes

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