On
"Despite the challenging operating environment, the company's performance during the third quarter has been positive, especially towards the end of the quarter. Favorable weather conditions and increased distribution have increased the sales of gardening and watering products. Also, sales of scissors and crafting products have increased. With our quick and decisive actions during the year, we have been able to serve our customers well and reduce spending and implement other temporary cost saving measures. While visibility continues to be weak, after the positive development during the third quarter we expect the comparable EBITA to increase from 2019", said
Significant uncertainties remain for the rest of the year and the COVID-19 pandemic continues to pose a risk for the full-year performance. The fourth quarter of the year has typically been seasonally the most important one for
There are also other uncertainties impacting the company's business, such as potential changes in tariffs. Fluctuations in currency rates might have a considerable impact on comparable EBITA.
A more detailed review of possible risks and uncertainties, particularly relating to the pandemic, can be found on the company's website www.fiskarsgroup.com and in the Risks and business uncertainties -section of the half-year financial report released on
Fiskars will publish its interim report January-
Outlook for 2020:
In 2020, Fiskars expects the comparable EBITA to increase from 2019.
Interim President & CEO
Media and investor contacts:
Corporate Communications, tel. +358 204 39 5031, communications@fiskars.com
Making the everyday extraordinary
.
(C) 2020 M2 COMMUNICATIONS, source