Fiskars Oyj Abp (0L9Q) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome to Fiskars Group's Q4 and full year 2025 results webcast. My name is Essi Lipponen and I'm the Director of Investor Relations. I'm here with our President and CEO Jyri Luomakoski and our CFO Jussi Siitonen. Let's look at the agenda for this webcast. Jyri will start with the key takeaways of the quarter and the year. After that, Jussi will continue with the financials. Then back to Jyri, who will go through business area development and also talk a bit about how this year looks like. After that, we will have plenty of time for your questions, and we will welcome questions both through the phone lines and through the chat. You can type in your questions in the chat already during the presentation. Please go ahead, Jyri. Thank you, Essi, and good morning. Just briefly before we dive into the numbers and what's been happening in our two businesses. Key takeaways, there are some highlights, some lowlights, as always in life. What we think was really important that our Viitta business area actually had both Q3 and Q4, two consecutive quarters, growing and that brought also the group numbers to a what I would call a green or black zero in terms of top line. This we need to bring into the context of Viitta having had before these two growth quarters more than 10 quarters of negative growth or flat top line. And of course, as we started in the summer focusing on cash flow, that those efforts were bearing fruit and the cash flow in the fourth quarter was also quite strong. And Jussi will go deeper into how strong and record-breaking that was. But of course the low light is that our comparable EBIT declined and that was impacted by our own actions predominantly, i.e. curtailing our production to manage the inventories, to manage cash and this had a price tag c...