Fiskars Oyj Abp (0L9Q) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, and welcome to Fiskars Group's Q2 results webcast. My name is Essi Lipponen, and I'm the Director of Investor Relations. I'm here with our President and CEO, Yuri Luo Amakorski and our CFO, Jurisi Sydonen. Let's look at the agenda of this call. Jyjri will first go through Q2 in brief, some highlights. After that, Jussi will go through the financials in more detail, after which Jussi will hand over to Yuri, who will cover business areas and our guidance for the year. After that, we will have plenty of time for your questions, and we welcome questions both through the chat and through the phone lines. Yuri, please go ahead. Thank you, Esi. Good morning, and welcome also on my behalf. Brief summary of the quarter. It was actually the fourth consecutive growth quarter, much driven by our business area EBITDA. Comparable net sales 3% up and comparable EBIT improving from 3 ish million to shy of €8,000,000 So there was a clear way in the positive direction. Both sales growth and EBIT improvement really was driven by Weta for Fiskars BA, where the growth number, it's a black zero. So when you go to the decimals, you get to a positive. It's not rounded up to zero, but it's rounded down to zero and some margin expansion, but pretty much stable in terms of the EBIT. One of our focus points now since a year has been cash flow as a consequence of the balance sheet or the indebtedness that had gone above our limits and we've been focusing on our cash flow. And there was a continuous improvement, significant actually to €31,000,000 on free cash flow and that's net working capital driven and strict CapEx management has been key there. We introduced the new financial targets in our Capital Markets Day in May, and you can actually find those in the appendix of this presentatio...