Fiskars Oyj Abp · OMXHEX:FSKRS
Fiskars Oyj Abp — Fiskars Group — Q1 2015 Earnings Presentation
19 slides from Fiskars Oyj Abp's earnings presentation, Apr 30, 2015
Slide 1: Fiskars Group Q1 2015
Fiskars Group Q1 2015 1.1.–31.3.2015 Helsinki, April 30, 2015
Slide 2: Fiskars Q1 2015
2 Fiskars Q1 2015
Slide 3: Fiskars Q1 2015: Strong start to the year supported by newly acquired watering business
Fiskars Q1 2015: Strong start to the year supported by newly acquired watering business EBIT Q1 Net Sales MEUR 15.7, +91% Cash flow from MEUR 230.0, +25% operating activities (Comparable net sales, Cn, +5%) EBIT excl. NRI MEUR -14.0 MEUR 17.0, +33% Outlook for 2015 unchanged: Earnings per share FY s
Slide 4: Europe, Americas, Asia-Pacific
EUROPE AMERICAS ASIA-PACIFIC 4 Fiskars Q1 2015
Slide 5: Q1 2015 Europe & Asia-Pacific
Q1 2015 Europe & Asia-Pacific 5 Fiskars Q1 2015
Slide 6: Europe in Q1 2015
Europe & Asia-Pacific in Q1 2015 Europe • Strong sales for Living products with well received novelties • License and interior categories also performed well • Core garden and yard care performed well in Central European markets • Outdoor products also performed well 6 Fiskars Q1 2015
Slide 7: Asia-Pacific in Q1 2015
Europe & Asia-Pacific in Q1 2015 Asia-Pacific • Living business decreased with growth in other markets offset by softness in Japan • Fiskars continued to build its organization in the region • 5 new Iittala stores opened in China, Korea and Taiwan 7 Fiskars Q1 2015
Slide 8: Q1 2015 Americas
Q1 2015 Americas 8 Fiskars Q1 2015
Slide 9: Fiskars Americas in Q1 2015
Americas in Q1 2015 Fiskars Americas • Net sales increase supported by strengthened USD and acquired watering business • Core garden categories performed well despite cooler weather during start to gardening season • SOC sales increased due to distribution gains 9 Fiskars Q1 2015
Slide 10: Gerber Americas in Q1 2015
Americas in Q1 2015 Gerber Americas • Outdoor sales up year on year after difficult 2014 • Institutional sales increased • Growth in home center channel 10 Fiskars Q1 2015
Slide 11: Q1 2015 Group performance
Q1 2015 Group performance 11 Fiskars Q1 2015
Slide 12: Net Sales and EBIT in Q1 2015
Net Sales and EBIT in Q1 2015 Fiskars Group Net sales by quarter, MEUR EBIT by quarter, MEUR 24.9%* 230.0 12,0% 240 25 201.0 203.9 10,0% 20 200 184.1 178.4 15 160 8,0% 10 19.4 16.8 17.0 120 6,0% 12.8 5 10.7 80 4,0% 0 -0.9 -1.3 -4.6 -3.1 -5 -8.4 40 2,0% -10 0 0,0% Q1 2014 Q2 2014 Q3 2014 Q4 2014 Q1 2
Slide 13: Europe & Asia Pacific and Americas in Q1 2015
Europe & Asia Pacific and Americas in Q1 2015 Net sales and EBIT% 200 20,0% Europe & Asia Pacific • Net sales in Q1 127.3 MEUR, +2.2%, 160 124.6 124.0 140.6 16,0% 117.5 127.3 cn +3.0 %. 120 12,0% • EBIT excl. NRI 8.5 MEUR, -3.6 % 80 8,0% • Strong sales in Living products in Europe 40 4,0% 0 0,0% Q1
Slide 14: Development from Q1 2014 to Q1 2015
Development from Q1 2014 to Q1 2015 Net sales bridge MEUR 34.9 2.8 -1.2 230.0 8.1 1.3 184.1 Q1 2014 Exchange rate effect Living Functional Outdoor Other Q1 2015 14 Fiskars Q1 2015
Slide 15: Cash flow and debt Q1 2015, MEUR
Cash flow and debt Q1 2015, MEUR Cash flow from Working Capital Capital Net debt* operating activities expenditure 60 200 18,0 250 179 180 15.7 218 16,0 206 208 50 48 160 200 195 14,0 40 140 124 12,0 120 121 120 150 30 26 10,0 121 100 93 8,0 7.4 20 100 80 6.6 5.4 5.7 6,0 60 10 7 6 4,0 50 40 0 20 2,0
Slide 16: Key ratios Q1 2015
Key ratios Q1 2015 Operative EPS* Equity per Share Equity ratio, % Gearing, % 0,60 16,0 80 40 14.46 73 0.54 71 14.06 35 14,0 70 35 34 0,50 60 30 12,0 60 57 58 30 0,40 10,0 50 25 7.84 0,30 8,0 7.20 7.46 40 20 18 0.26 0.27 6,0 30 15 0,20 11 0.14 10 4,0 20 0,10 0.09 2,0 10 5 0,00 0,0 0 0 * Total EPS Q1
Slide 17: Other in Q1 2015
Other in Q1 2015 • Now includes investments currently valued at over MEUR 800 • Change in fair value of investments 42.2 MEUR • Other financial income EUR 39.3 MEUR • Investments treated as financial assets at fair value through profit or loss. 17 Fiskars Q1 2015
Slide 18: Outlook for 2015 remains unchanged
Outlook for 2015 remains unchanged • Fiskars expects the Group’s net sales for 2015 to increase from the previous year. Majority of increase expected from the addition of the watering business and favorable exchange rates. • Despite the overall economic uncertainty, Fiskars continues the determined
Slide 19: Fiskars
FISKARS