Fiskars Group publishes restated financial figures for 2019
Fiskars Corporation
Stock exchange release
April 27, 2020 at 18:00 EEST
Fiskars Group publishes restated financial figures for 2019
Fiskars Group has today published restated, unaudited financial figures for the year 2019 concerning the new primary reporting segments: Vita, Terra, Crea and Other.
At the beginning of April, Fiskars Group’s new organizational structure became effective, as the organization was simplified in line with the announcement on December 4, 2019. Following the change, the company is organized around three Business Areas, global Sales and Consumer Experience & Growth functions, as well as Supply Chain and other Global Functions.
In addition, Fiskars continues to report group-level net sales for three geographical reporting segments: Europe, Americas, and Asia-Pacific. These figures have not been restated.
Business Area Vita offers premium and luxury products for tableware, drinkware and interior categories. Key brands include Iittala, Royal Copenhagen, Waterford and Wedgwood.
Business Area Terra consists of the gardening, watering, and outdoor categories. Key brands include Fiskars, Gerber and Gilmour.
Business Area Crea consists of the scissors and creating as well as the cooking categories, mainly with the Fiskars brand.
The Other segment contains the Group’s investment portfolio, the real estate unit, corporate headquarters and shared services.
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NET SALES BY SEGMENT |
|||||
| EUR million | Q1 2019 | Q2 2019 | Q3 2019 | Q4 2019 | 2019 |
| Vita | 110.2 | 101.3 | 117.6 | 171.6 | 500.8 |
| Terra | 127.5 | 124.5 | 95.1 | 95.7 | 442.9 |
| Crea | 29.9 | 38.5 | 35.0 | 39.5 | 142.9 |
| Other | 0.9 | 0.8 | 1.1 | 1.2 | 3.9 |
| Group total | 268.6 | 265.1 | 248.7 | 308.0 | 1,090.4 |
| COMPARABLE EBITA BY SEGMENT | |||||
| EUR million | Q1 2019 | Q2 2019 | Q3 2019 | Q4 2019 | 2019 |
| Vita | 3.0 | -0.5 | 9.4 | 27.0 | 38.8 |
| Terra | 21.9 | 11.4 | 0.1 | 2.8 | 36.2 |
| Crea | 4.3 | 9.4 | 6.3 | 8.1 | 28.0 |
| Other | -3.3 | -4.0 | -2.3 | -2.8 | -12.5 |
| Group total | 25.9 | 16.1 | 13.4 | 35.1 | 90.6 |
| CAPITAL EXPENDITURE BY SEGMENT | |||||
| EUR million | Q1 2019 | Q2 2019 | Q3 2019 | Q4 2019 | 2019 |
| Vita | 4.0 | 4.8 | 3.7 | 5.8 | 18.3 |
| Terra | 2.9 | 3.8 | 4.3 | 5.5 | 16.6 |
| Crea | 0.2 | 0.2 | 0.4 | 0.2 | 0.9 |
| Other | 1.0 | 1.6 | 0.5 | 1.1 | 4.2 |
| Group total | 8.0 | 10.4 | 8.9 | 12.6 | 40.0 |
FISKARS CORPORATION
Media and investor contacts:
Corporate Communications, tel. +358 204 39 5031, communications@fiskars.com
Making the everyday extraordinary
Fiskars Group’s vision is to create a positive, lasting impact on our quality of life. Our brands Fiskars, Gerber, Iittala, Royal Copenhagen, Waterford, and Wedgwood are present in people’s everyday lives – at home, in the garden, and outdoors. This gives us an opportunity to make the everyday extraordinary today, and for future generations. We employ approximately 7,000 people in 30 countries, and our products are available in more than 100 countries. Our shares are listed on the Nasdaq Helsinki (FSKRS). Please visit us at www.fiskarsgroup.com for more information and follow us on Twitter @fiskarsgroup.