Fiskars Oyj Abp · OMXHEX:FSKRS
Fiskars Oyj Abp — Fiskars Group — Q1 2014 Earnings Presentation
18 slides from Fiskars Oyj Abp's earnings presentation, May 6, 2014
Slide 1: Fiskars Group Q1/2014
Fiskars Group Q1/2014 1.1. – 31.3.2014 Helsinki, May 6, 2014
Slide 2: Q1 2014: Challenging start to the year
Q1 2014: Challenging start to the year Net sales impact from EBIT excl. NRI Net sales currencies 12.8 MEUR, -23 % 184.1 MEUR,-3% – 4.9 MEUR Outlook for 2014: FY sales at 2013 Soft performance in levels, EBIT excl. NRI Outdoor at 2013 levels or slightly below Page 2 Fiskars Q1 2014
Slide 3: Net Sales and EBIT in Q1 2014
Net Sales and EBIT in Q1 2014 Fiskars Group Net sales by quarter, MEUR EBIT by quarter, MEUR -3% 225 217,6 212,6 14,0% 25 200 190,4 177,9 184,1 12,0% 20 175 10,0% 150 15 27,8 125 8,0% 10 16,6 15,4 100 6,0% 14,0 12,8 5 75 4,0% 50 0 -1,7 -2,1 -2,3 -4,6 2,0% -6,6 25 -5 0 0,0% Q1 2013 Q2 2013 Q3 2013 Q4
Slide 4: Net sales development bridge
Net sales development bridge MEUR 190,4 -4,9 184,1 Q1 2013 Exchange Outdoor Divested Garden Garden Home Q1 2014 rate effect Business Page 4 Fiskars Q1 2014
Slide 5: Europe & Asia-Pacific and Americas in Q1 2014
Europe & Asia-Pacific and Americas in Q1 2014 Europe & Asia Pacific Net sales and EBIT % by quarter, MEUR 200 20,0% 160,1 Europe & Asia Pacific 160 134,7 149,6 16,0% 119,8 133,7 • Net sales 133.7 MEUR, -1 %, cn +1 % 120 12,0% • EBIT excl. NRI 9.4 MEUR, -7 % 80 8,0% • Sales impacted by currencies, sa
Slide 6: Q1 2014 Home
Q1 2014 Home Page 6 Fiskars Q1 2014
Slide 7: Home, Quarterly View
Home, Quarterly View • Net sales 79.3 MEUR, +2%, cn +4 % • In Europe, product availability issues curbed growth • Good performance for Royal Copenhagen continued • Earlier, strong launches for license, good performance for core Fiskars kitchen products • In the Americas, slow start for School, offic
Slide 8: Q1 2014 Garden
Q1 2014 Garden Page 8 Fiskars Q1 2014
Slide 9: Garden Quarterly View
Garden Quarterly View • Net sales 80.0 MEUR, -3 %, cn -0 % • In Europe, UK pottery business divested at the end of 2013, availability issues dampened growth • Good sell-in for European spring campaigns • Cold weather and inventory management at trade impacted sales in the Americas Net Sales, MEUR 10
Slide 10: Q1 2014 Outdoor
Q1 2014 Outdoor Page 10 Fiskars Q1 2014
Slide 11: Outdoor Quarterly View
Outdoor Quarterly View • Net sales 23.4 MEUR, -19.0 %, cn -17.0 • In Europe & Asia-Pacific, Gerber sales impacted by adjustments • Boat sales shifted to smaller models • In the Americas, weak Outdoor commercial sales Net Sales, MEUR 45,0 40,0 35,0 30,0 25,0 20,0 32,1 30,6 15,0 28,9 23,4 10,0 5,0 0,0
Slide 12: Q1 Spotlight: EMEA transformation programs
Q1 Spotlight: EMEA transformation programs Page 12 Fiskars Q1 2014
Slide 13: Two programs to build a solid platform for growth
Two programs to build a solid platform for growth 5 year platform program EMEA 2015 restructuring program • Investments decreasing, • EUR 4.2 million of total EUR 25- depreciations on the increase 30 million restructuring costs • Largest single implementation in recorded in Q1 2014 September affecte
Slide 14: Q1 Financials
Q1 Financials: Page 14 Fiskars Q1 2014
Slide 15: Cash flow and debt Q1 2014, MEUR
Cash flow and debt Q1 2014, MEUR Cash flow from Working Capital Capital Net debt operating activities expenditure 45 140 12,0 250 41 123 120 40 120 118 10,1 10,3 206 206 10,0 201 110 200 186 35 8,6 8,5 100 30 88 8,0 153 150 25 80 23 6,0 5,4 20 60 100 15 15 4,0 40 10 50 7 2,0 20 5 2 0 0 0,0 0 Page 15
Slide 16: Key ratios Q1 2014
Key ratios Q1 2014 EPS* Equity per Share Equity ratio, % Gearing, % 0,45 9,0 70 40 0,40 36 35 0,40 8,0 7,71 59 61 35 34 7,06 7,28 7,42 7,20 60 57 57 31 55 0,35 0,33 7,0 30 50 0,30 6,0 25 24 0,25 0,25 5,0 40 20 0,20 4,0 30 0,16 15 0,14 0,15 3,0 20 10 0,10 2,0 10 5 0,05 1,0 0,00 0,0 0 0 Page 16 Fiskar
Slide 17: Outlook for 2014
Outlook for 2014 • After a challenging first quarter, action plans are formulated to drive sales and to adjust cost levels. • During the rest of the year, currency rates could have a significant effect on Fiskars full-year sales. • To accelerate growth, the company plans to increase spending on bran
Slide 18: Fiskars – celebrating centuries of pride, passion and design
Fiskars 365 – celebrating centuries of pride, passion and design. Every day.