Fiskars Oyj Abp · OMXHEX:FSKRS
Fiskars Oyj Abp — Fiskars Group — Investor Presentation (February 2026)
48 slides from Fiskars Oyj Abp's investor presentation, February 2026
Slide 1: Investor presentation
Investor presentation UPDATED IN FEBRUARY 2026
Slide 2: Content
Content Fiskars Group in brief Strategy Financials Q4 2025 Appendices 2 FEBRUARY 2026 Ⓒ FISKARS GROUP - INVESTOR PRESENTATION
Slide 3: Pioneering design to make the everyday extraordinary
Fiskars Group – Pioneering design to make the everyday extraordinary Est. 1649 Est. 1904 Est. 1775 Est. 1759 3 Est. 1939 Arabia est. 1873 Est. 1881 Est. 1783
Slide 4: Well-balanced footprint
Well-balanced footprint ~130 NORTH AMERICA Nordics APAC ~20 ~30% of net sales ~20% of net sales UK & Ireland ~20 ~50 ~100 Continental Europe China Japan ~70 EUROPE Global presence +100 countries ~50% of net sales Rest of APAC ~500 own stores ~ 60 own e-commerce stores ~90 6,600 employees Australia O
Slide 5: Fiskars Group key figures 2025
Fiskars Group key figures 2025 Net sales Comparable EBIT EUR million EUR million 1,140.2 76.4 Comparable EPS Gross margin EUR % 0.48 47.1 Free cash flow Personnel EUR million Dec 31, 2025 76.3 6,594 5 FEBRUARY 2026 Ⓒ FISKARS GROUP - INVESTOR PRESENTATION
Slide 6: Fiskars Group – Net sales splits (2025)
Fiskars Group– Net sales splits (2025) SALES SPLIT BY BRAND SALES SPLIT BY CHANNEL SALES SPLIT BY GEOGRAPHY Georg Jensen 13% Direct Americas Royal 30% 29% Fiskars Copenhagen 10% 38% 8% 51% Europe Wedgwood 7% 70% Iittala 5% Indirect 20% Gerber 7% 1% 7% 5% Waterford Others Asia-Pacific Fiskars Moomin
Slide 7: Two strong Business Areas with design-driven brands
Two strong Business Areas with design-driven brands for both indoor and outdoor living FISKARS VITA BUSINESS AREAS SHARE OF NET SALES 46% 54% KEY CATEGORIES Gardening Outdoor Cooking Scissors & Creating Tableware Drinkware Interior Jewelry KEY BRANDS 7
Slide 8: Business Area Vita in brief
Business Area Vita in brief • Vita offers products in the high-end homeware segment while scaling a niche position in fine branded jewelry • Its well-known brands include Georg Jensen, Tableware Drinkware Interior Jewelry Royal Copenhagen, Wedgwood, Moomin Arabia, Iittala and Waterford • Recognized
Slide 9: Business Area Vita – Net sales splits (2025)
Business Area Vita – Net sales splits (2025) SALES SPLIT BY BRAND SALES SPLIT BY CHANNEL SALES SPLIT BY GEOGRAPHY Others Americas 13% Georg Jensen 10% Moomin 24% Arabia 9% Indirect 47% Waterford 9% 53% Direct Asia-Pacific 35% 55% Europe 19% Royal 13% Copenhagen Iittala 14% Wedgwood *Includes brands
Slide 10: Business Area Vita had approx. 500 own stores in 2025
Business Area Vita had approx. 500 own stores in 2025 STORES BY GEOGRAPHY STORES BY TYPE Stores 15% Europe 35% Outlets 15% 65% Asia-Pacific 70% Concessions 10 FEBRUARY 2026 Ⓒ FISKARS GROUP - INVESTOR PRESENTATION
Slide 11: Business Area Vita quarterly figures
Business Area Vita quarterly figures NET SALES AND COMPARABLE EBIT MARGIN EURm % 220 215 210 213 30 200 180 176 20.4% 20 160 16.2% 15.9% 147 139 140 14.1% 130 13.6% 126 127 125 119 9.1% 120 114 108 10 100 2.6% 80 3.5% 7.2% 1.3% 1.0% 60 0.0% 0 40 -6.8% 20 0 -10 Q4 22 Q1 23 Q2 23 Q3 23 Q4 23 Q1 24 Q2
Slide 12: Business Area Fiskars in brief
Business Area Fiskars in brief • Business Area Fiskars offers functional innovations in the gardening and outdoor categories, in addition to the scissors and creating, as well as cooking categories • The brands include Fiskars and Gerber Gardening Outdoor Cooking Scissors & Creating • Innovation-dri
Slide 13: Business Area Fiskars – net sales splits (2025)
Business Area Fiskars – net sales splits (2025) SALES SPLIT BY CATEGORY SALES SPLIT BY CHANNEL SALES SPLIT BY GEOGRAPHY Other Direct Cooking 3% 3% 10% Scissors & Europe 45% Creating 19% 52% Gardening 52% Americas 15% Outdoor 97% 3% Indirect Asia-Pacific 13 FEBRUARY 2026 Ⓒ FISKARS GROUP - INVESTOR PR
Slide 14: Business Area Fiskars quarterly figures
Business Area Fiskars quarterly figures NET SALES AND COMPARABLE EBIT MARGIN * EURm % 180 30 167 164 160 153 156 150 140 18.3% 130 18.9% 18.7% 131 20 127 126 16.1% 121 14.8% 117 120 115 110 9.5% 10.7% 11.5% 100 9.1% 8.0% 10 11.8% 80 5.7% 60 0 40 -2.2% 20 0 -10 Q4 22 Q1 23 Q2 23 Q3 23 Q4 23 Q1 24 Q2
Slide 15: Seasonal volatility: BA Fiskars H1, BA Vita H2 focused
Seasonal volatility: BA Fiskars H1, BA Vita H2 focused – Group net sales and EBIT balanced between quarters QUARTERLY NET SALES BY BA QUARTERLY NET SALES SPLIT BY BA 23% 29% Q4 35% Vita 44% 48% 54% 56% 64% Net 21% Sales 23% Q3 24% 26% 23% Q2 21% Fiskars 56% 52% 46% 44% 29% 36% 20% 25% Q1 Vita Fiskar
Slide 16: Strategy
Content Fiskars Group in brief Strategy Financials Q4 2025 Appendices 16 FEBRUARY 2026 Ⓒ FISKARS GROUP - INVESTOR PRESENTATION
Slide 17: Growth Strategy 2021-2025 came to a close
Fiskars Group’s Growth Strategy 2021-2025 came to a close FOCUS ON TRANSFORMATION LEVERS IMPROVED PROGRESS IN THE FINANCIAL TARGETS WAS NEGATIVELY GROSS MARGIN AND DTC & DROVE GROWTH IN CHINA AFFECTED BY THE CHALLENGING MARKET CONDITIONS Last 12 2021- Last 12 2021- Transformation lever months 2025 K
Slide 18: Shift from centralized matrix structure toward Business Area independence
During the strategy period, we shifted from a centralized matrix structure toward Business Area independence 2020: 2023: FEBRUARY 1, 2025: BAs as product owner, part of BAs as business owner, Operationally independent Group-wide matrix organization P&L accountable Business Areas with own CEOs BA BA
Slide 19: Two Business Areas have differing business drivers and investment needs
The two Business Areas have differing business drivers and investments needs BUSINESS AREA FISKARS (Net sales: EURm 522) BUSINESS AREA VITA (Net sales: EURm 613) CHANNELS BY NET SALES CHANNELS BY NET SALES Direct • A market leader in • Unique portfolio of 3% its categories desirable brands Indirect
Slide 20: Operating model enables speed of execution and future growth
This way of operating enables speed of execution, and is a key enabler for future growth Full business Transparency and accountability measurability End-to-end responsible More precise target In the final phase of the business CEOs, improved setting and capital transformation process, the flexibilit
Slide 21: Fiskars Group's Capital Markets Day 2026
Fiskars Group’s Capital Markets Day 2026 Fiskars Group plans to launch the next phase of its Group Strategy and new financial targets On May 12, 2026 in Espoo, Finland and online 21 FEBRUARY 2026 Ⓒ FISKARS GROUP - INVESTOR PRESENTATION
Slide 22: Financials
Content Fiskars Group in brief Strategy Financials Q4 2025 Appendices 22 FEBRUARY 2026 Ⓒ FISKARS GROUP - INVESTOR PRESENTATION
Slide 23: Group net sales and gross margin development
Group net sales and gross margin development EURm % 1,400 54 1,300 1,254 1,248 1,205 1,186 52 1,200 1,129 1,157 1,140 1,107 1,119 1,090 1,116 1,100 48.8% 50 46.8% 1,000 44.9% 47.1% 48 900 800 46 700 43.2% 43.4% 43.3% 44 42.5% 600 41.0% 40.9% 42 500 38.7% 400 40 300 38 200 100 0 0 2015 2016 2017 2018
Slide 24: Group profitability development
Group profitability development EURm 154 % 151 160 12.3% 12.1% 13 12 140 9.8% 9.6% 11 9.8% 120 109 10 109 110 111 9.8% 9 7.1% 100 6.7% 8 78 76 7 80 6 60 5 4 40 3 2 20 1 0 0 2018 2019 2020 2021 2022 2023 2024 2025 Comparable EBIT margin Comparable EBIT 24 FEBRUARY 2026 Ⓒ FISKARS GROUP - INVESTOR PRES
Slide 25: Quarterly development – last 3 years
Fiskars Group’s quarterly development – last 3 years NET SALES, EURm COMPARABLE EBIT (EURm) AND EBIT MARGIN, % EURm % 60 20 -1.9% 18 +1.3%* 346 337 50 331 16 304 42.9 283 281 292 14 275 268 40 37.7 256 258 259 241 32.8 12 31.2 29.7 30 26.8 10 25.1 24.3 23.4 8 20 17.9 19.2 6 13.9 4 10 3.0 2 0 0 Q4 Q1
Slide 26: Dividend per share in relation to earnings and cash earnings
Dividend per share in relation to earnings and cash earnings 6.6%** COMP. EPS AND DPS 2021-2025 EUR CEPS AND DPS 2021-2025 EUR Dividend yield 2.68 1.37 175%* 1.16 1.07 0.99 Payout Ratio on comp. EPS 0.82 0.84 0.84* 1.51 0.76 0.80 1.39 1.25 67%* 0.48 0.76 0.80 0.82 0.84 0.84* Payout Ratio on CEPS 202
Slide 27: Q4 2025
Content Fiskars Group in brief Strategy Financials Q4 2025 Appendices 27 FEBRUARY 2026 Ⓒ FISKARS GROUP - INVESTOR PRESENTATION
Slide 28: Key takeaways
Key takeaways BA VITA’S TWO GROWTH THE BOARD QUARTERS COMPARABLE PLANS PROPOSES TO SUPPORTED EBIT DECLINED ANNOUNCED TO MAINTAIN A STABLE GROUP IMPACTED BY TURN AROUND STABLE DIVIDEND: FY NET SALES INVENTORY BA VITA’S ACTIONS PERFORMANCE EUR 0.84 STRONG CASH PER SHARE FLOW IN Q4 GUIDANCE FOR 2026: C
Slide 29: Q4 2025 Group key figures
Q4 2025 Group key figures – cash flow COMPARABLE EBIT, EURm 32.8 improved driven by focused actions Q4/2024: 42.9 COMPARABLE GM, % NET SALES, EURm COMPARABLE EBIT (EURm) AND COMPARABLE EBIT MARGIN, % 47.4 Q4/2024: 49.4 EURm % -1.9% FREE CASH FLOW, EURm 1.3%* 50 15 91.5 400 42.9 353 346 350 337 331 4
Slide 30: FY 2025 Group key figures
COMPARABLE EBIT, EURm FY 2025 Group key figures – comp. EBIT 76.4 declined impacted by inventory actions 2024: 111.4 COMPARABLE GM, % REPORTED NET SALES, EURm COMPARABLE EBIT (EURm) AND COMPARABLE EBIT MARGIN, % 47.1 2024: 48.8 EURm % -1.5% FREE CASH FLOW, EURm 0.0%* 160 154.2 151.0 15 76.3 1,400 1,
Slide 31: Vita's production scale-down key reason behind EBIT decline
Vita’s production scale-down key reason behind EBIT decline, BA Fiskars was able to mitigate a large part of tariff impacts GROUP FY 2025 EBIT BA VITA FY 2025 EBIT BA FISKARS FY 2025 EBIT EXCL. IAC BRIDGE, EURm EXCL. IAC BRIDGE, EURm EXCL. IAC BRIDGE, EURm -10.7 -35.0 120 60 80 77.3 111.4 -19.9 70 6
Slide 32: Strong Q4 cash flow driven by inventory reduction
Strong Q4 cash flow driven by inventory reduction QUARTERLY FREE CASH FLOW, EURm Q4 AND YTD FREE CASH FLOW, EURm EURm +22 EURm Q4-25 vs. LY FY-25 vs. LY 100 92 200 EBITDA 52.8 + 1.2 122.2 + 2.6 78 Change in provisions -4.2 - 6.5 -4.4 - 2.6 75 69 150 Non-cash adjustments 0.4 + 0.3 26.6 + 26.7 53 49 C
Slide 33: Net Debt to EBITDA decreased in Q4
Net Debt to EBITDA decreased in Q4, focused measures to reduce leverage continue NET DEBT (EURm) AND NET DEBT / LTM EBITDA (EXCLUDING IAC) EURm Multiple 700 4.0x +0.8X -0.4X 606 3.5x 600 563 556 529 510 513 3.0x 494 500 478 Financial Target 447 2.5x 400 370 Jensen Jensen Georg 325 342 336 Georg 2.0x
Slide 34: We remain committed to our sustainability targets
We remain committed to our sustainability targets ENVIRONMENTAL SOCIAL Target Apr 2025 Target 2025 2025 2025 2025 2025 4.0 0 80 27% -62% -18% 72% 77 Base year 2021 50% Base year 2017 -60% Base year 2018 -30% Target set 80% in 2030 in 2030 2020 in 2030 in 2029 Measured in connection to the employee e
Slide 35: BA Vita: Net sales increased, Comparable EBIT declined
BA Vita: Net sales increased, Comparable EBIT declined impacted by inventory actions NET SALES, EURm COMPARABLE EBIT (EURm) AND +1.3% MARGIN, % +4.6%* EURm % 250 215 213 40 35.9 25 210 34.7 200 187 31.9 33.3 • Comparable net sales increased by 176 30 29.0 20 20.4% 4.6% in Q4 and by 3.0% in 2025 Q4 1
Slide 36: BA Vita plans changes to turn around its performance
BA Vita plans changes to turn around its performance and lay foundations for profitable growth Resetting BA Vita with a structure that meets its ambitions to build global, iconic, desirable brands and scale for profitable growth Planned changes Expected outcomes Net reduction of approx. 310 roles Or
Slide 37: Business Area Vita highlights
Business Area Vita highlights Royal Copenhagen’s Moomin Arabia launched its The collaboration between Waterford returned to Christmas Tables largest collection, Festive the fashion brand JW the Times Square ball continued to draw crowds, Moments – mug sold out Anderson and Wedgwood drop and launched
Slide 38: BA Fiskars: Net sales decreased, tariff impacts mitigated
BA Fiskars: Net sales decreased, a large part of tariff impacts was mitigated NET SALES, EURm COMPARABLE EBIT (EURm) AND MARGIN, % -7.0% EURm % 200 -4.1%* 20 15 165 • Comparable net sales decreased by 11.9 150 127 130 126 9.4 10 7.0% in Q4 and by 4.6% in 2025 Q4 117 10 7.4 9.5% 8.0% 100 2.4 5 0 -2.2
Slide 39: Business Area Fiskars highlights
Business Area Fiskars highlights The new Pet Care line offers a full collection of The new Fiskars Power provides top end cutting high-quality, ergonomic pet tools – encouraging performance and convenience with versatile initial reception charging – set to reach stores early this year 39 FEBRUARY 20
Slide 40: Guidance for 2026
Assumptions and actions behind the guidance Guidance for 2026 Uncertainties in the global economy persist + Planned changes in - BA Vita’s actions to BA Vita expected to reduce elevated Fiskars Corporation expects support EBIT from H2 onwards inventories will carry some negative comparable EBIT to b
Slide 41: Appendices
Content Fiskars Group in brief Strategy Financials Q4 2025 Appendices 41 FEBRUARY 2026 Ⓒ FISKARS GROUP - INVESTOR PRESENTATION
Slide 42: Largest shareholders as of Dec 31, 2025
Largest shareholders as of Dec 31, 2025 NUMBER OF % OF SHARES AND # SHAREHOLDER NAME SHARES VOTES 1 Virala Oy Ab 12,805,000 15.81 % 2 Turret Oy Ab 11,430,961 14.11 % 3 Holdix Oy Ab 10,165,537 12.55 % 4 Bergsrådinnan Sophie von Julins Stiftelse 2,556,000 3.16 % 5 Oy Julius Tallberg Ab 2,554,350 3.15
Slide 43: Leadership Team
Leadership Team Daniel Lalonde Dr. Steffen Hahn Jyri Luomakoski Jussi Siitonen CEO of Vita CEO of Fiskars Fiskars Group’s President CFO Employed 2025 Employed 2024 & CEO Employed 2021 Employed 2025 43 FEBRUARY 2026 Ⓒ FISKARS GROUP - INVESTOR PRESENTATION
Slide 44: Members of the Board of Directors at the end of 2025
Members of the Board of Directors at the end of 2025 Paul Ehrnrooth Rolf Ladau Albert Ehrnrooth Louise Fromond Julia Goldin Carl-Martin Lindahl Susan Repo Susanne Skippari Note: Jyri Luomakoski was a member of the board until his appointment as the CEO of Fiskars Corporation on October 16, 2025 44 F
Slide 45: Fiskars founded in 1649, Group formed through strategic acquisitions
Fiskars was founded in 1649, Fiskars Group was formed through strategic acquisitions Georg Jensen Waterford, joins Fiskars Wedgwood, & Royal Group Gerber joins Doulton join Fiskars Fiskars Group Group Our luxury home brand portfolio’s Fiskars 1986 2015 share of the Group’s manufactures Fiskars Group
Slide 46: Calculation of financial indicators
Calculation of financial indicators INDICATOR DEFINITION EBIT Operating profit Comparable EBIT Operating profit (EBIT) +/- items affecting comparability Items such as restructuring costs, impairment or provision charges and releases, acquisition related Items affecting comparability costs, and gains
Slide 47: Disclaimer
Disclaimer This presentation contains forward-looking statements that reflect management’s current views with respect to certain future events and potential financial performance. Although Fiskars Group believes that the expectations reflected in such forward-looking statements are reasonable, no as
Slide 48: Thank you!
Thank you!
Fiskars Group — Investor Presentation (February 2026) on 6ix