Fiskars Oyj Abp · OMXHEX:FSKRS
Fiskars Oyj Abp — Fiskars Group — Q1 2013 Earnings Presentation
17 slides from Fiskars Oyj Abp's earnings presentation, May 3, 2013
Slide 1: Fiskars Group Q1/2013
Fiskars Group Q1/2013 1.1. – 31.3.2013 Helsinki, May 3, 2013
Slide 2: Q1: Late spring resulted in a slow start to the year
Q1: Late spring resulted in a slow start to the year EBIT excl. NRI Cold weather Net sales affected Garden 190.4 MEUR,+1 % 16.6 MEUR, -3 % heavily Growth in many Outlook for 2013 Fiskars gained categories: unchanged: share in tough Living, Royal Copenhagen, SOC, FY sales and EBIT markets Outdoor Com
Slide 3: Net Sales and EBIT in Q1 2013
Net Sales and EBIT in Q1 2013 Fiskars Group Net sales by quarter, MEUR EBIT by quarter, MEUR +1 % 225 12% 25 201.1 200 188.3 190.3 190.4 10% 20 175 168.0 150 8% 15 0.8 125 6% 10 19.7 100 17.1 16.6 13.2 13.0 75 4% 5 50 2% 0 25 -2.1 0 0% -5 Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 2013 Q1 2012 Q2 2012 Q3 20
Slide 4: EMEA and Americas in Q1
EMEA and Americas in Q1 EMEA Net sales and EBIT % by quarter, MEUR EMEA 200 20% • Net sales +3% to EUR 134.7 million 160 16% (130.6) due to Royal Copenhagen 130.6 130.4 132.9 134.7 120 108.0 12% • Comparable net sales -8% 80 8% • EBIT excl. NRI 10.1 MEUR (11.9) 40 4% thanks to operational efficiency
Slide 5: Q1 Business review
Q1 Business review Page 5 Fiskars Q1 2013
Slide 6: Operating environment in Q1
Operating environment in Q1 • General operating environment did not improve in EMEA • Unusually cold weather throughout Europe delayed spring significantly, and Easter sales period came early and was colder than usual • General retail market in Fiskars’ key markets, particularly in Finland, was weak
Slide 7: Q1 Home
Q1 Home Page 7 Fiskars Q1 2013
Slide 8: Good quarter for Living, Royal Copenhagen and SOC
Good quarter for Living, Royal Copenhagen and SOC • Royal Copenhagen part of Home as of January, 2013 • Excluding Royal Copenhagen, homeware sales slightly behind 2012 • Strong novelty launches drove Living sales • Kitchen sales affected by a decrease in B-2-B campaigns • Royal Copenhagen maintained
Slide 9: Q1 Garden
Q1 Garden Page 9 Fiskars Q1 2013
Slide 10: Garden season delayed due to cold weather
Garden season delayed due to cold weather • In Europe, Garden business was heavily affected by unusually cold weather and delay of spring season – Fiskars continued to increase its market share • In the Americas, Garden sales came close to previous year despite poor weather – Garden tool sales grew
Slide 11: Q1 Outdoor
Q1 Outdoor Page 11 Fiskars Q1 2013
Slide 12: Outdoor sales weighed by institutional spending cuts
Outdoor sales weighed by institutional spending cuts • In the Americas, commercial sales were boosted by strong programs with key customers • Institutional spending was dampened by continued budget uncertainties. • In EMEA, timing of shipments decreased outdoor product sales • Boat sales developed p
Slide 13: Q1 Financials
Q1 Financials Page 13 Fiskars Q1 2013
Slide 14: Cash flow and debt Q1 2013, MEUR
Cash flow and debt Q1 2013, MEUR CF from Operating Working Capital Capital Net Debt Activities Expenditure 45 140 14 250 40 39 118 11.7 120 12 206 109 109 194 35 200 10.1 100 96 10 30 9.0 80 150 24 8 7.3 25 71 20 19 100 60 6 100 4.7 15 14 72 40 4 51 10 50 20 2 5 2 0 0 0 0 Page 14 Fiskars Q1 2013
Slide 15: Key ratios Q1 2013
Key ratios Q1 2013 EPS* Equity per Share Equity Ratio, % Gearing, % 1,40 9 70 66 40 64 64 37 36 8 7.74 7.56 1,20 60 35 7.21 7.06 55 55 7 6.38 30 1,00 50 6 25 0,80 1.06 40 5 20 4 30 17 0,60 15 3 12 0,40 20 2 10 8 0,20 0.39 10 1 5 0.24 0.26 0.22 0.25 0,00 0 0 0 Gain of Wärtsilä sales Excl. Wärtsilä sa
Slide 16: Outlook for 2013
Outlook for 2013 • General operating environment did not improve during the first quarter • Further adverse weather conditions in key markets during the rest of the peak garden season or negative issues related to demand for Home products during the last quarter could affect the full-year results •
Slide 17: Tomorrow's Fiskars
TOMORROW’S FISKARS World Class Branded Consumer Goods Company Page 17 Fiskars Q1 2013