Fiskars Oyj Abp · OMXHEX:FSKRS
Fiskars Oyj Abp — Q4 2025 Earnings Presentation
34 slides from Fiskars Oyj Abp's earnings presentation, Feb 5, 2026
Slide 1: Financial Statement Release 2025
Financial Statement Release 2025 FOCUS ON CASH FLOW YIELDED RESULTS, COMPARABLE EBIT JANU ARY -DE CEM BE R 2025 DECLINED IMPACTED BY INVENTORY ACTIONS
Slide 2: 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 3: Agenda
Agenda 1. Key takeaways (Jyri Luomakoski) 2. Financials (Jussi Siitonen) 3. Business Areas (Jyri Luomakoski) 4. Looking ahead (Jyri Luomakoski) 5. Q&A 3 FEBRUARY 5, 2026 FISKARS GROUP FINANCIAL STATEMENT RELEASE 2025
Slide 4: 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 5: Q4 2025 Group key figures – cash flow improved driven by focused actions
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 (EUR m) 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
Slide 6: FY 2025 Group key figures – comp. EBIT declined impacted by inventory actions
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 (EUR m) 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 7: 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 8: 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 9: Net Debt to EBITDA decreased in Q4, focused measures to reduce leverage continue
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 10: We remain committed to our sustainability targets
We remain committed to our sustainability targets ENVIRONMENTAL SOCIAL Target Apr 2025 Target 2025 2025 2025 2025 4.0 0 80 27% -62% -18% 2025 77 72% 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 11: Business Area performance
Business Area performance 11 FEBRUARY 5, 2026 FISKARS GROUP FINANCIAL STATEMENT RELEASE 2025
Slide 12: BA Vita: Net sales increased, Comparable EBIT declined impacted by inventory actions
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 13: BA Vita plans changes to turn around its performance and lay foundations for profitable growth
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 14: 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 15: BA Fiskars: Net sales decreased, a large part of tariff impacts was 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 16: 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 16 FEBRUARY 5,
Slide 17: Board proposes maintaining the dividend at EUR 0.84 per share
Board proposes maintaining the dividend at EUR 0.84 per share, to be paid in four instalments COMP. EPS AND DPS 2021-2025 CEPS AND DPS 2021-2025 EUR EUR 2.68 6.6%** 1.37 Dividend yield 1.16 1.07 0.99 0.84 0.84* 1.51 175%* 0.80 0.82 1.39 0.76 1.25 Payout Ratio on comp. EPS 0.48 0.80 0.82 0.84 0.84* 0
Slide 18: 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 19: Separation of BAs into subsidiaries advancing with final stage underway
Separation of BAs into subsidiaries advancing with final stage underway – expected completion by end of Q1 2026 Full business Transparency and Fiskars Vita measurability accountability End-to-end responsible More precise target business CEOs, improved setting and capital flexibility and speed alloca
Slide 20: Fiskars Group’s Capital Markets Day 2026
Fiskars Group’s Capital Markets Day 2026 SAVE THE DATE: May 12, 2026 in Espoo, Finland and online 20 FEBRUARY 5, 2026 FISKARS GROUP FINANCIAL STATEMENT RELEASE 2025
Slide 21: 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 22: Q&A
Q&A 22 FEBRUARY 5, 2026 FISKARS GROUP FINANCIAL STATEMENT RELEASE 2025
Slide 23: Thank you!
Thank you! 23 FEBRUARY 5, 2026 FISKARS GROUP FINANCIAL STATEMENT RELEASE 2025
Slide 24: Appendix
FISKARS ss. GROUP 0 Appendix
Slide 25: 2025 P&L profiles – Group and Business Areas
2025 P&L profiles – Group and Business Areas COMPARABLE NET COMPARABLE GROSS SG&A AND COMPARABLE EBIT SALES DEVELOPMENT MARGIN MARKETING MARGIN Marketing Fiskars -3.4% 39.0% SG&A 26.6% 12.8% Vita 3.0% 54.1% 50.3% 4.5% Group 0.0% 47.1% 41.1% 6.7% 25 FEBRUARY 5, 2026 FISKARS GROUP FINANCIAL STATEMENT
Slide 26: Consolidated Q4 and YTD 2025 Key Figures
Consolidated Q4 and YTD 2025 Key Figures Q4 P&L KEY FIGURES, EURm Q 4 P E R S H AR E K E Y F I G U R E S , E U R Q4 Q1-Q4 Q4 Q1-Q4 2025 2024 2025 2024 2025 2024 2025 2024 Net Sales 330.7 337.2 1,140.2 1,157.1 Comparable Earning per Share 0.31 0.57 0.48 1.07 Comparable Gross Profit 156.8 166.5 537.4
Slide 27: Q4 2025 EBIT bridges – Fiskars Group and Business Areas
Q4 2025 EBIT bridges – Fiskars Group and Business Areas GROUP Q4 2025 EBIT BA VITA Q4 2025 EBIT BA FISKARS Q4 2025 EBIT EXCL. IAC BRIDGE, EURm EXCL. IAC BRIDGE, EURm EXCL. IAC BRIDGE, EURm 50 -10.1 40 15 -4.4 42.9 -2.5 33.3 11.9 40 29.0 30 32.8 9.4 30 20 20 10 10 0 0 0 Q4-24 Q4-25 Q4-24 Q4-25 Q4-24
Slide 28: Items Affecting Comparability Q4 2025 and 2025
Items Affecting Comparability Q4 2025 and 2025 EBIT BRIDGE FROM IFRS EBIT TO EBIT EXCL IAC (EURM) IAC ADJUSTMENT BY P&L LINE ITEM (EURM) Q4-2025 Q1-Q4 2025 Q4-2025 IFRS IAC Excl IAC EBIT IFRS 25.4 38.1 Net sales 330.7 0.0 330.7 Depreciation and amortization 27.4 84.1 Cost of goods sold -174.1 0.2 -1
Slide 29: Net Debt / EBITDA (LTM) for Q4 2025 at 3.31X
Net Debt / EBITDA (LTM) for Q4 2025 at 3.31X CAPITAL EMPLOYED EURm FINANCING, EURm Dec-25 Dec-24 Dec-25 Dec-24 Equity 714.7 796.5 GW and other intangible 557.3 604.2 Interest-bearing debt 470.1 407.1 PPE and biological assets 228.2 225.2 Lease liabilities 125.9 147.6 Capitalised leases (ROU) 115.6 1
Slide 30: Elevated tariffs contribute to a complex and unpredictable landscape
Elevated tariffs contribute to a complex and unpredictable landscape • U.S. exposure: ~ 30% of Fiskars Group's net sales, ~ 50% of Business Area Fiskars’ net sales • Fiskars Group expects that its mitigation actions can, over time, largely offset the adverse direct impacts of tariffs. • However, tar
Slide 31: Transformation levers during the 2021-2025 strategy period
Transformation levers during the 2021-2025 strategy period Last 12 months 2021-2025 Commercial • Comparable gross margin 47.1% • Comparable gross margin + 380 bps excellence Direct to • Comparable DTC +18% • Comparable DTC CAGR +9% consumer • DTC share of net sales 30% • DTC share of net sales + 12
Slide 32: Fiskars Group’s 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 33: BA Vita’s quarterly development – last 3 years
BA Vita’s quarterly development – last 3 years NET SALES, EURm COMPARABLE EBIT (EURm) AND EBIT MARGIN, % +1.3% +4.6%* EURm % 220 215 210 213 40 25 200 35.9 34.7 33.3 20 180 176 30 29.0 160 15 147 139 140 126 130 127 125 10 119 20 16.9 120 108 114 5 100 12.7 0 80 10 7.8 5.2 -5 60 3.0 1.6 1.3 0 -10 40
Slide 34: BA Fiskars’ quarterly development – last 3 years
BA Fiskars’ quarterly development – last 3 years NET SALES, EURm COMPARABLE EBIT (EURm) AND EBIT MARGIN, % -7.0% -4.1%* EURm % 180 167 40 25 164 160 153 156 150 30.6 30.6 29.5 20 140 131 30 127 130 126 24.7 121 115 117 22.3 120 110 15 20 100 13.6 14.0 12.6 10 11.1 11.9 80 9.4 10 7.4 60 5 40 0 0 20 -