Slide 1: Interim Report January–March 2021
Interim Report January–March 2021 Exceptionally strong start to the year driven by all Business Areas
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 a
Slide 3: Highlights of quarter
Highlights of quarter EXCEPTIONALLY ALL BA’S OUTLOOK FOR SUSTAINABILITY STRONG START PERFORMING WELL 2021 UPGRADED COMMITMENTS TO THE YEAR RENEWED ⓒ Fiskars Group. 29.4.2021 3
Slide 4: Fiskars Group comparable net sales in Q1 2021
Fiskars Group comparable net sales in Q1 2021 NET SALES, EUR MILLION NET SALES BRIDGE, EUR MILLION Comparable change* +23.3% 400 Change +17.9% 5.2 302.1 35.6 -0.1 308 313 302 300 280 269 265 267 249 256 16.3 256.2 200 0.0 -11.1 100 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q1 FX Divest- BA BA BA Other Q1 2019 20
Slide 5: Fiskars Group comparable EBITA in Q1 2021
Fiskars Group comparable EBITA in Q1 2021 COMPARABLE EBITA, EUR MILLION COMPARABLE EBITA MARGIN Comparable EBITA* +163% 18% 49.9 49.8 16.5% 50 15.9% 16% 14.7% 39.3 14% 40 35.1 11.4% 12% 28.6 10.2% 30 25.9 9.7% 10% 7.4% 18.9 8% 20 16.1 6.1% 13.4 5.4% 6% 10 4% 0 2% -5.8 -2.6 -6.2 -3.1 -7.0 -1.1 -0.1 -
Slide 6: Outlook for 2021 upgraded on March and April
Outlook for 2021 upgraded on March 24 and April 19 Guidance on the outlook for 2021 upgraded on April 19 (originally issued on February 5, 2021 and upgraded on March 24, 2021) The company expects the strong momentum in the first quarter to continue, and now expects the comparable EBITA for 2021 to b
Slide 7: Recent actions to support strategy
Recent actions to support strategy Increased focus on growth Digital – opportunities from the digital consumer experience to our internal processes Consumer centricity - further align communications, brand management, sustainability and digitalization ⓒ Fiskars Group. 29.4.2021 7
Slide 8: Fiskars Group Leadership Team
Fiskars Group Leadership Team NATHALIE AHLSTRÖM SARI POHJONEN TINA ANDERSSON CHRISTI AN BACHLER JAMES BROUILLARD RISTO GAGGL President & CEO Chief Financial Officer & Chief Consumer Officer Executive Vice President, Executive Vice President, Chief Supply Chain Officer deputy to the CEO BA Vita BA Te
Slide 9: Our sustainability commitments
Our sustainability commitments We fight throwaway culture We take climate action by We create a positive impact by developing circular reducing our impact in line on the quality of life for solutions to extend the joy with a 1.5ºC future. We are people and communities. they provide and to minimize t
Slide 10: Consumer everyday
Consumer everyday • Kitchenware Service and Vintage expansions • Iittala 140 years • Wedgwood Renaissance Red launched in China • Gerber new products and continued success of the Custom service • Fiskars Maria K. garden wear available, new sustainable cookware range introduced ⓒ Fiskars Group. 29.4.
Slide 11: Q1 2021
Q1 2021 ⓒ Fiskars Group. 29.4.2021 11
Slide 12: Update on programs
Update on programs Transformation program, targeted annual Restructuring program, targeted annual cost savings app. EUR 17 million cost savings app. EUR 20 million • Subject to the full implementation of the program • Subject to the full implementation of the program • Targeted cost savings would be
Slide 13: Vita in Q1 2021
Vita in Q1 2021 Comparable change* EUR million Q1 2021 Q1 2020 Change 2020 17.8% Net sales 108.2 93.6 15.6% 456.6 Comparable EBITA 12.5 -3.6 41.0 171.1 Capital expenditure 3.3 2.0 66.5% 16.3 111.0 108.2 93.6 80.9 Comparable net sales increased • Increased in most of the brands • Growth drivers: Chin
Slide 14: Terra in Q1 2021
Terra in Q1 2021 Comparable change* EUR million Q1 2021 Q1 2020 Change 2020 29.3% Net sales 157.1 129.3 21.5% 493.8 Comparable EBITA 32.2 19.3 66.5% 67.5 153.7 157.1 Capital expenditure 2.1 2.1 0.4% 9.9 129.3 113.1 97.8 Comparable net sales increased • Double-digit growth in all categories, supporte
Slide 15: Crea in Q1 2021
Crea in Q1 2021 Comparable change* EUR million Q1 2021 Q1 2020 Change 2020 17.0% Net sales 35.9 32.3 11.3% 162.0 44.8 43.5 Comparable EBITA 8.5 5.6 50.7% 41.1 41.5 35.9 Capital expenditure 0.6 0.2 206.5% 1.8 32.3 Comparable net sales increased • Double-digit growth in all categories • Strong demand
Slide 16: Net sales by geography in Q1 2021
Net sales by geography in Q1 2021 Comparable EUR million Q1 2021 Q1 2020 Change change* Europe 143.9 119.0 20.9 % 22.0 % Americas 119.0 108.0 10.2 % 20.6 % Asia-Pacific 40.9 30.7 33.5 % 36.4 % Unallocated** -1.6 -1.5 *Using comparable exchange rates **Geographically unallocated exchange rate differe
Slide 17: Consolidated income statement
Consolidated income statement EUR million Q1 2021 Q1 2020 Change, 2020 Gross profit margin increased % • Improved mix Net sales 302.1 256.2 18 1,116.2 • Increased efficiency Cost of goods sold -170.2 -151.6 -12 -664.1 Gross profit 132.0 104.6 26 452.0 Sales and marketing expenses decreased Gross pro
Slide 18: Earnings per share in Q1 2021
Earnings per share in Q1 2021 0.33 0.30 Impact from negative tax ruling: 0.26 EUR 0.35 / share 0.21 0.14 0.12 0.10 0.06 0.04 Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 ⓒ Fiskars Group. 29.4.2021 18
Slide 19: Cash flow continued to increase from previous year's level
Cash flow continued to increase from previous year’s level CASH FLOW FROM OPERATING ACTIVITIES BEFORE WORKING CAPITAL, EUR MILLION FINANCIAL ITEMS AND TAXES, EUR MILLION 300 300 258 264 250 250 242 241 226 200 194 200 150 172 150 134 131 100 116 100 50 90 85 48 56 0 11 11 50 -26 -38 -50 0 Q1 Q2 Q3 Q
Slide 20: Balance sheet
Balance sheet EUR million Q1 2021 Q1 2020 2020 Inventories decreased from Q1 2020 Goodwill and other intagible assets 485.9 506.9 481.9 • Strong demand Other non-current assets 349.7 370.1 347.2 • Actions to improve capital efficiency Inventories 219.9 241.1 207.4 Trade receivables and payables at a
Slide 21: Net debt decreased significantly from the previous year's level
Net debt decreased significantly from the previous year’s level NET DEBT, EUR MILLION EQUITY RATIO AND NET GEARING 80% 350 331 322 317 70% 65 % 300 290 278 261 60% 56 % 56 % 57 % 55 % 54 % 250 51 % 51 % 49 % 214 50% 44 % 42 % 200 180 37 % 38 % 40% 34 % 144 29 % 150 30% 26 % 25 % 19 % 100 20% 50 10%
Slide 22: Long-term financial targets unchanged
Long-term financial targets unchanged GROWTH PROFITABILITY CAPITAL STRUCTURE DIVIDEND The average annual net sales EBITA margin Net gearing** below 100% Fiskars aims to distribute a growth to exceed 5%, through a to reach 12% stable, over time increasing combination of organic growth dividend, to be
Slide 23: Making the everyday extraordinary
Making the everyday extraordinary ⓒ Fiskars Group. 29.4.2021 23