Fiskars Oyj Abp · OMXHEX:FSKRS
Fiskars Oyj Abp — Q1 2026 Earnings Presentation
28 slides from Fiskars Oyj Abp's earnings presentation, Apr 23, 2026
Slide 1: Interim Report Q1 2026
Interim Report Q1 2026 A SOLID START TO THE YEAR WITH INCREASED COMPARABLE JANU ARY -MAR C H 2026 NET SALES AND FREE CASH FLOW, COMPARABLE EBIT EUR 25 MILLION
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 APRIL 23, 2026 FISKARS GROUP Q1 2026 INTERIM REPORT
Slide 4: Key takeaways
Key takeaways COMPARABLE 3RD CONSECUTIVE BUSINESS AREAS CLIMATE NET SALES AND GROWTH QUARTER ARE NOW AMBITIONS RAISED FREE CASH FLOW FOR BA VITA SEPARATE LEGAL INCREASED ENTITIES OUR UPDATED SOLID EXECUTION TARGETS ARE COMPARABLE EBIT FROM BA FISKARS FINALIZED AS EXTERNALLY DECLINED WITH PLANNED VAL
Slide 5: Q1 2026 Group key figures
Q1 2026 Group key figures – Comparable net COMPARABLE EBIT, EURm 25.0 sales and free cash flow increased, comparable Q1/2025: 26.8 EBIT EUR 25 million COMPARABLE GM, % NET SALES, EURm COMPARABLE EBIT (EUR m) AND COMPARABLE EBIT MARGIN, % 46.8 Q1/2025: 47.5 EURm % -3.1% FREE CASH FLOW, EURm +2.3%* 60
Slide 6: Comparable EBIT bridge
The weakened USD had a material negative translation impact on comparable EBIT GROUP Q1 2026 EBIT BA VITA Q1 2026 EBIT BA FISKARS Q1 2026 EBIT EXCL. IAC BRIDGE, EURm EXCL. IAC BRIDGE, EURm EXCL. IAC BRIDGE, EURm 30 -1.8 +0.5 6 40 +0.3 +2.7 26.8 -2.0 -2.0 25.0 30.6 30.9 25 24.5 30 28.2 3 20 1.3 1.3 2
Slide 7: Q1 2026 free cash flow
Q1 2026 free cash flow improved clearly from both the comparison period and historical seasonal pattern QUARTERLY FREE CASH FLOW, EURm Q1 FREE CASH FLOW, EURm EURm +18 EURm Q1-26 vs. LY 99 EBITDA 39.6 + 25.3 100 92 250 75 78 200 Change in provisions 5.3 + 8.7 75 68 69 Non-cash adjustments -0.2 - 26.
Slide 8: Net debt to EBITDA
Net Debt to EBITDA increased due to the Q-on-Q rise in net debt in line with seasonality – focused measures continue NET DEBT (EURm) AND NET DEBT / LTM EBITDA (EXCLUDING IAC) EURm Multiple 700 4.0x +0.65X +0.24X 606 3.5x 600 563 556 546 529 510 513 3.0x 494 500 478 Financial Target 447 2.5x 400 370
Slide 9: FX and commodities
FX and commodities: USD is the main transactional currency with a net buying position, commodities actively hedged Estimated annual net commercial cash flows in the most significant currencies (EURm) FX transactions (cash and P&L): • USD accounts for the majority of transactions, USD DKK PLN NOK GBP
Slide 10: Climate ambitions and targets
We raised our climate ambitions – new emissions reduction targets validated by SBTi ENVIRONMENTAL SOCIAL Target Apr Q1 2026 Target Q1 2026 Q1 2026 2025 Q1 2026 2025 2.8 0 80 29% -62% -34% 72% 77 Base year 50% Base year -70% Base year -40% Target 80% 2021 2017 2018 set 2025 in 2029 in 2030 in 2030 in
Slide 11: Business Area performance
Business Area performance 11 APRIL 23, 2026 FISKARS GROUP Q1 2026 INTERIM REPORT
Slide 12: BA Vita Q1
BA Vita Q1: Third consecutive growth quarter, comparable EBIT weighed by continued actions to reduce inventories NET SALES, EURm COMPARABLE EBIT (EURm) AND • Third consecutive growth quarter, MARGIN, % comparable net sales increased by +0.5% 5.0% +5.0%* EURm % • Continued strong performance 140 12 1
Slide 13: BA Vita offering highlights
Business Area Vita offering highlights Iittala’s iconic Aalto vase celebrates its Royal Copenhagen launched a new pastel 90th anniversary with special editions floral tableware collection called Iris 13 APRIL 23, 2026 FISKARS GROUP Q1 2026 INTERIM REPORT
Slide 14: BA Fiskars Q1
BA Fiskars Q1: Comparable net sales and EBIT stable, margins improved NET SALES, EURm COMPARABLE EBIT (EURm) AND MARGIN, % • Comparable net sales remained EURm % stable • Growth by the Fiskars brand in 250 50 25 -5.8% 43.5 the U.S. was offset by mixed 211 +0.1%* 20.1% performance in other 200 40 18.
Slide 15: BA Fiskars offering highlights
Business Area Fiskars offering highlights Fiskars X-Series DualAction cutting tools: With two modes in one tool, DualAction technology allows switching seamlessly between power and speed settings to deliver optimal cutting for various branch sizes. 15 APRIL 23, 2026 FISKARS GROUP Q1 2026 INTERIM REP
Slide 16: Guidance for 2026
Guidance for 2026 Assumptions behind the guidance Uncertainties in the global economy persist, limited visibility Fiskars Corporation expects + Planned changes in - BA Vita’s actions to reduce elevated BA Vita expected to comparable EBIT to improve from the support EBIT from inventories will carry 2
Slide 17: Fiskars Group's Capital Markets Day 2026
Fiskars Group’s Capital Markets Day 2026 May 12, 2026 in Espoo, Finland and online SIGN-UP: 17 APRIL 23, 2026 FISKARS GROUP Q1 2026 INTERIM REPORT
Slide 18: Key takeaways
Key takeaways COMPARABLE 3RD CONSECUTIVE BUSINESS AREAS CLIMATE NET SALES AND GROWTH ARE NOW AMBITIONS RAISED FREE CASH FLOW QUARTER SEPARATE LEGAL INCREASED FOR BA VITA ENTITIES OUR UPDATED TARGETS ARE COMPARABLE EBIT SOLID EXECUTION FINALIZED AS EXTERNALLY DECLINED WITH FROM BA FISKARS PLANNED VAL
Slide 19: Q&A
Q&A 19 APRIL 23, 2026 FISKARS GROUP Q1 2026 INTERIM REPORT
Slide 20: Thank you
Thank you! 20 APRIL 23, 2026 FISKARS GROUP Q1 2026 INTERIM REPORT
Slide 21: Appendix
FISKARS ss. GROUP 0 Appendix
Slide 22: 2026 Q1 P&L profiles – Group and Business Areas
2026 Q1 P&L profiles – Group and Business Areas COMPARABLE NET COMPARABLE GROSS SG&A AND COMPARABLE EBIT SALES DEVELOPMENT MARGIN MARKETING MARGIN Marketing Fiskars 0.1% 42.9% SG&A 22.3% 20.1% Vita 5.0% 51.6% 53.9% -0.6% Group 2.3% 46.8% 38.6% 8.8% 22 APRIL 23, 2026 FISKARS GROUP Q1 2026 INTERIM REP
Slide 23: Consolidated Q1 2026 Key Figures
Consolidated Q1 2026 Key Figures Q1 P&L KEY FIGURES, EURm Q 1 P E R S H AR E K E Y F I G U R E S , E U R Q1 Q1 2026 2025 2026 2025 Net Sales 282.9 291.9 Comparable Earnings per Share 0.16 0.15 Comparable Gross Profit 132.2 138.6 Earnings per Share 0.11 - 0.16 Cash Earnings per Share 0.03 - 0.12 Sale
Slide 24: Items Affecting Comparability Q1 2026
Items Affecting Comparability Q1 2026 EBIT BRIDGE FROM IFRS EBIT TO EBIT EXCL IAC (EURM) IAC ADJUSTMENT BY P&L LINE ITEM (EURM) Q1-2026 Q1-2025 Q1-2026 IFRS IAC Excl IAC EBIT IFRS 19.6 -4.6 Net sales 282.9 0.0 282.9 Depreciation and amortization 20.0 18.9 Cost of goods sold -153.0 2.4 -150.6 EBITDA
Slide 25: Net Debt / EBITDA Q1 2026
Net Debt / EBITDA (LTM) for Q1 2026 at 3.55X CAPITAL EMPLOYED EURm FINANCING, EURm Mar-26 Mar-25 Mar-26 Mar-25 Equity 658.2 710.0 GW and other intangible 557.8 573.6 Interest-bearing debt 506.5 452.4 PPE and biological assets 224.8 221.3 Lease liabilities 125.1 154.3 Capitalised leases (ROU) 115.9 1
Slide 26: Fiskars Group's quarterly development – last years
Fiskars Group’s quarterly development – last 3 years NET SALES, EURm COMPARABLE EBIT (EURm) AND EBIT MARGIN, % EURm % -3.1% 60 20 +2.3%* 18 346 337 50 331 16 42.9 283 281 292 283 14 275 268 40 37.7 256 258 259 241 32.8 12 31.2 30 26.8 10 25.1 24.3 25.0 23.4 8 20 17.9 19.2 6 13.9 4 10 3.0 2 0 0 Q1 Q2
Slide 27: BA Vita's quarterly development – last years
BA Vita’s quarterly development – last 3 years NET SALES, EURm COMPARABLE EBIT (EURm) AND EBIT MARGIN, % +0.5% +5.0%* EURm % 220 215 210 213 40 20 200 34.7 33.3 180 15 30 29.0 160 147 10 139 140 126 130 127 125 128 119 20 5 120 108 114 16.9 100 12.7 0 80 10 7.8 -5 5.2 60 3.0 1.6 1.3 -10 40 0 -0.1 -0
Slide 28: BA Fiskars' quarterly development – last years
BA Fiskars’ quarterly development – last 3 years NET SALES, EURm COMPARABLE EBIT (EURm) AND EBIT MARGIN, % EURm % -5.8% 180 167 +0.1%* 40 25 164 160 153 156 154 150 30.6 30.6 30.9 20 140 130 131 29.5 126 30 121 115 117 120 110 24.7 15 22.3 100 20 10 80 13.6 14.0 60 11.9 12.6 5 11.1 10 9.4 40 7.4 0 2