Fiskars Oyj Abp · OMXHEX:FSKRS
Fiskars Oyj Abp — Fiskars Group — Q1 2017 Earnings Presentation
19 slides from Fiskars Oyj Abp's earnings presentation, Apr 28, 2017
Slide 1: January–March 2017
Fiskars Group April 28, 2017 Helsinki, Finland January–March 2017 Page 1 Fiskars Q1 2017
Slide 2: Disclaimer
Disclaimer • This presentation contains forward-looking statements that reflect management’s current views with respect to certain future events and potential financial performance. Although Fiskars believes that the expectations reflected in such forward-looking statements are reasonable, no assura
Slide 3: Key takeaways
Key takeaways 1 2 3 4 Result driven by the Continued benefits Comparable EBITA nearly The Fiskars, Royal Scandinavian Living of the transformation doubled in the Living Copenhagen, Arabia, and Functional programs segment and grew by 17% Gilmour and Royal Doulton businesses in the Functional segment
Slide 4: Strong quarter – net sales and comparable EBITA grew
Strong quarter – net sales and comparable EBITA grew Net sales Comparable EBITA** Cash flow from operating Earnings per share Operative earnings EUR million EUR million activities*** EUR million EUR per share EUR 306.2 32.0 -46.4 1.07 0.19 +3.3% +28% Q1 2016: -36.2 Q1 2016: 0.01 Q1 2016: 0.10 Compar
Slide 5: Fiskars Group in Q1 2017
Fiskars Group in Q1 2017 Net sales and comparable EBITA % EBITA EUR Million EUR Million +4.8% Comparable growth +3.3% 334 +7 MEUR 296 293 306 281 36.3 32.0 25.0 24.9 20.9 10.9% 10.5% 8.4% 8.9% 7.1% 1.8 -8,9 -1.1 -2.5 -1.5 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 201
Slide 6: Net sales bridge
Net sales bridge Comparable +4.8% growth Net sales, EUR million -0.1 306.2 2.8 4.3 11.0 296.2 -8.2 Q1 2016 FX rate Divestm. Functional Living Other Q1 2017 Page 6 Fiskars Q1 2017
Slide 7: Delivering on our strategic priorities
Delivering on our strategic priorities Page 7 Fiskars Q1 2017
Slide 8: Ambiente 2017
Ambiente 2017 • The Ambiente fair in Frankfurt, Germany in February marked an important milestone as the English & Crystal Living and Scandinavian Living brands joined forces and the entire Living portfolio was presented to customers for the first time • At the same event, SBU Functional kicked off
Slide 9: Living marketing highlights
Living marketing highlights • After the successful introduction of the partnership between Royal Doulton and the world renowned television host and entrepreneur Ellen DeGeneres, the tableware collection was launched globally during the first quarter of 2017 • Iittala launched a new global range “Tee
Slide 10: Functional marketing highlights
Functional marketing highlights • Gerber participated in the 2017 Shot Show in January, the single largest sporting goods trade event in America. A renewed presence and number of PR events increased traffic at the show and helped reposition the brand around the expanded “Made In America” product off
Slide 11: Fiskars Q1 2017
Fiskars Q1 2017 Page 11 Fiskars Q1 2017
Slide 12: SBU Living in Q1 2017
SBU Living in Q1 2017 Net sales EUR million EUR million Q1 2017 Q1 2016 Change 2016 Comparable Net sales 129.2 128.9 0.3%* 598.1 +2.2% growth Comparable EBITA 7.2 3.7 95% 59.4 +0.3% Capital expenditure 2.0 3.0 -36% 14.9 199 * Using comparable exchange rates and excluding the net sales of the diveste
Slide 13: SBU Functional in Q1 2017
SBU Functional in Q1 2017 Net sales EUR million EUR million Q1 2017 Q1 2016 Change 2016 Comparable Net sales 176.0 166.4 5.8%* 602.7 +6.8% growth Comparable EBITA 26.8 23.0 17% 57.1 +5.8% Capital expenditure 4.3 4.6 -6% 21.8 * Using comparable exchange rates and excluding the net sales of the divest
Slide 14: Net sales by geography in Q1 2017
Net sales by geography in Q1 2017 Comparable EUR million Q1 2017 Q1 2016 Change change* 2016 Europe 139.2 135.0 3.1% 6.9% 555.3 Americas 129.7 128.8 0.7% 0.6% 489.9 Asia-Pacific 35.8 33.0 8.5% 2.5% 153.3 Unallocated** 1.5 -0.6 6.2 * Using comparable exchange rates, excluding the divested container g
Slide 15: Cash flow and debt Q1 2017
Cash flow and debt Q1 2017 Cash flow from operating activities* Net debt EUR million EUR million 307 78 257 227 211 39 40 152 -36 -46 Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1 2016 2016 2016 2016 2017 2016 2016 2016 2016 2017 Working capital Capex EUR million EUR million 258 10.1 9.6 9.6 239 233 242 218 8.2 7.4
Slide 16: Key ratios Q1 2017
Key ratios Q1 2017 EPS, euro Operative EPS, euro 1.07 0.52 0.51 0.23 0.01 0.19 0.15 0.10 -0.26 0.08 Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1 2016 2016 2016 2016 2017 2016 2016 2016 2016 2017 Equity ratio, % Net gearing, % 27.0 63.7 66.1 68.2 69.3 65.7 20.3 21.0 18.1 12.5 Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1 2016 2016
Slide 17: Long-term financial targets
Long-term financial targets Growth: The average annual net sales growth Profitability: EBITA margin to to exceed 5%, through a combination of exceed 10% organic growth and targeted acquisitions Dividend: Fiskars aims to distribute a stable, Capital structure: Net gearing* over time increasing divide
Slide 18: Fiskars Outlook 2017
Fiskars Outlook 2017 Fiskars expects the Group’s net sales, excluding net sales of divested businesses in 2016, and comparable EBITA to increase from the previous year • In 2016, the Group’s net sales excluding the divested businesses amounted to EUR 1,180 million and comparable EBITA amounted to EU
Slide 19: Making the everyday extraordinary
Making the everyday extraordinary Page 19 Fiskars Q1 2017