Fiskars Oyj Abp — Earnings Release 2021

Mar 24, 2021

Fiskars upgrades its outlook for 2021 thanks to a strong start to the year

Fiskars upgrades its outlook for 2021 thanks to a strong start to the year

Fiskars Corporation
Insider information
March 24, 2021 at 20:15 EET

Fiskars upgrades its outlook for 2021 thanks to a strong start to the year

Fiskars’ outlook for 2021 has improved as a result of the better than expected
performance during the first quarter. The company now expects the comparable
EBITA to be lower than in 2020, but above EUR 120 million. According to the
previous outlook, comparable EBITA in 2021 was expected to be lower than in
2020, but above EUR 110 million. The comparable EBITA in the first quarter will
increase significantly from the previous year’s level. The comparison figures in
the first quarter of 2020 were negatively impacted by the COVID-19 pandemic.

“The strong momentum continued during the first quarter. Despite store closures
in some markets, net sales increased supported by strong demand in all business
areas. The consumers are seeking experiences in their everyday, and we have been
successfully catering to those needs. Nevertheless, visibility still continues
to be low due to the COVID-19 pandemic; the seasonality of both trade and
consumer demand may continue to differ from a typical year”, said Nathalie
Ahlström, President and CEO.

The updated outlook for 2021:
In 2021, comparable EBITA is expected to be lower than in 2020, but above EUR
120 million.

The previous outlook for 2021 (issued on February 5, 2021):
In 2021, comparable EBITA is expected to be lower than in 2020, but above EUR
110 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 majority of the savings in 2020 were
temporary in nature and impacted for example marketing. To ensure sustainable
business in the long-term, similar temporary cost savings cannot be maintained
for a prolonged period of time. Furthermore, the benefits from the ongoing
Restructuring and Transformation programs are expected to fully materialize in
2022.

Fiskars will publish the Interim Report for January-March 2021 on April 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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