Fiskars Oyj Abp — Earnings Release 2021

Jun 23, 2021

Fiskars upgrades its outlook for 2021

Fiskars upgrades its outlook for 2021

Fiskars Corporation
Insider information
June 23, 2021 at 22:00 EEST

Fiskars upgrades its outlook for 2021

Fiskars upgrades its outlook for 2021 as the company’s financial performance in
the second quarter has been better than previously expected. The company now
expects the comparable EBITA for 2021 to be in the range of EUR 140-160 million.
According to the previous outlook issued on April 19, 2021, the comparable EBITA
in 2021 was expected to be in the range of EUR 130-145 million.

The updated outlook for 2021:
In 2021, comparable EBITA is expected to be in the range of EUR 140-160 million.

The previous outlook for 2021 (issued on April 19, 2021):
In 2021, comparable EBITA is expected to be in the range of EUR 130-145 million.

Visibility continues to be low due to the COVID-19 pandemic, which is profoundly
impacting consumers’ lives in terms of changes in for example disposable income,
purchasing choices and consumer behavior. These may bring challenges as well as
opportunities for Fiskars Group. The seasonality of both trade and consumer
demand may continue to differ from a typical year. In addition, there have been
challenges in global supply chains and increasing raw material price inflation.
While the company has managed to mitigate these factors, they continue to have
an impact.

The fourth quarter of the year has typically been seasonally the most important
one for Fiskars Group, particularly for Business Area Vita. The market
conditions are volatile and consumer demand in the fourth quarter impacts sales
performance particularly during the gifting season. In previous years
approximately one third of full-year sales in BA Vita has been generated through
the company’s direct channel, i.e. own stores and direct e-commerce.

Fiskars will publish the Half-year Financial Report for January-June 2021 on
July 29, 2021.

FISKARS CORPORATION
Nathalie Ahlström
President & CEO

Media and investor contacts:
Kristian Tammela, Director, Investor Relations, tel. +358 40 708 1181

Making the everyday extraordinary
Fiskars Group’s vision is to create a positive, lasting impact on our quality of
life. Our brands Fiskars, Gerber, Iittala, Royal Copenhagen, Waterford, and
Wedgwood are present in people’s everyday lives – at home, in the garden, and
outdoors. This gives us an opportunity to make the everyday extraordinary today,
and for future generations. We have a presence in 30 countries, and our products
are available in more than 100 countries. Our shares are listed on the Nasdaq
Helsinki (FSKRS). Please visit us at www.fiskarsgroup.com for more information
and follow us on Twitter @fiskarsgroup.

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