Gifts Today magazine

Fiskars reports strong Q1 sales

Fiskars Corporation delivers its interim report for the first quarter of 2017, revealing a strong quarter with net sales growth

Fiskars Corporation has released its interim report for Q1 of 2017, reporting strong net sales growth.

Teemu Kangas-Karki, interim president and CEO, Fiskars, noted that tabletop brands Royal Copenhagen, Arabia and Royal Doulton demonstrated double-digit growth.

Fiskars has reported a net sales increase for the first quarter of 3.3 per cent, to approximately US$333.51 million and comparable net sales increased by 4.8 per cent. The company’s comparable EBITA increased by 28 per cent to $34.86 million and its EBITA increased to $33.66 million.

“Fiskars Group had a strong start to the year. The Functional segment net sales grew in all geographies, and both Living and Functional segments delivered solid results, as the comparable EBITA nearly doubled in the Living segment and grew by 17 per cent in the Functional segment," says Teemu. 

"The solid first quarter was supported by favourable weather conditions and strong sell-in in the gardening category, the timing of spring campaigns as well as our improved cost structure. In addition, we have succeeded in winning big customer accounts, thanks to our in-store excellence, presence in several markets and customer focus. Inspiring consumers with a family of iconic lifestyle brands is at the core of our business and several of our brands, Fiskars, Royal Copenhagen, Arabia, Gilmour, and Royal Doulton demonstrated double digit growth."

He adds: "During the first quarter, we continued to see the benefits of the transformation programmes that have been initiated during the past few years. The solid results speak of our ability to create value, generate growth with our strong brands and drive operational efficiencies.

"The trade continued to face lower traffic in traditional channels, especially in department stores, as consumers continued to move to online and e-commerce platforms across various categories in the Living business. Building omni-channel capabilities with our trade partners, in own retail and digital channels is a strategic priority and we continue to invest in e-commerce to increase net sales in these channels.

"Our long-term financial targets, shared earlier this year, outline the ambition level as we determinedly pursue continued profitable growth. The new organisation structure with two Strategic Business Units and a global supply chain will help us in increasing cohesion and alignment, both of which we need in order to build global businesses and brands."

Fiskars’ brands include Fiskars, Gerber, Iittala, Royal Copenhagen, Waterford and Wedgwood.

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