Fiskars Oyj Abp · OMXHEX:FSKRS
Fiskars Oyj Abp — Fiskars Group — Q1 2016 Earnings Presentation
19 slides from Fiskars Oyj Abp's earnings presentation, May 4, 2016
Slide 1: Fiskars Group Q1 2016
FISKARS GROUP Q1 2016 May 4, 2016 - Helsinki, Finland
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: Fiskars Group in Q1/2016
Fiskars Group in Q1/2016 Increased net sales and operating profit in a mixed market environment Cash flow from Net Sales Adjusted EBIT operating activities* MEUR 296.2 MEUR 21.9 MEUR -36.2 +29% +29% (Q1/2015: -51.9) Operative EPS** Comparable net sales EUR 0.10 (0.14) +1.5% EPS EUR 0.01 (0.95) * Cas
Slide 4: Scandinavian Living business in Europe performed well
Scandinavian Living business in Europe performed well, driven by Royal Copenhagen and Rörstrand brands 4 | Fiskars Q1 2016
Slide 5: English & Crystal Living integration progressing according to plan
English & Crystal Living integration progressing according to plan 5 | Fiskars Q1 2016
Slide 6: New Iittala store concept introduced
New Iittala store concept introduced To date, the new Iittala store concept has been implemented in Helsinki, Stockholm and Taiwan 6 | Fiskars Q1 2016
Slide 7: Strong start for the Functional business in the Americas
Strong start for the Functional business in the Americas 7 | Fiskars Q1 2016
Slide 8: Net Sales bridge Q1/2016
Net Sales bridge Q1/2016 MEUR Comparable Comparable growth growth +3.9% -11.7% 76.0 -1.4 -9.1 296.2 Comparable growth +2.3% 230.1 0.6 Q1 2015 Functional Living Outdoor Other Q1 2016 8 | Fiskars Q1 2016
Slide 9: Fiskars transformation continued in Q1/2016
Fiskars transformation continued in Q1/2016 STRONG ICONIC GLOBAL BRANDS PRODUCTS AMBITION SIMPLIFYING FUNCTIONAL STRUCTURES PRODUCTS BUILDING COMMON LIVING PLATFORMS PRODUCTS FOCUSING ON OUTDOOR CORE BUSINESSES PRODUCTS • Divestment of the boats business • Divestment of the container gardening busin
Slide 10: Q1 2016 Reporting segments and key figures
Q1 2016 Reporting segments and key figures
Slide 11: Fiskars Group in Q1/2016
Fiskars Group in Q1/2016 Increased net sales and operating profit in a mixed market environment Net sales and adjusted EBIT % Adjusted EBIT +29% 334 +29% 290 296 253 230 21.9 20.8 17.0 16.8 10.4 1.8 -1.3 -1.4 -3.8 7.4% 8.2% 7.4% -12.0 3.6% 5.0% Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q1 2015 Q2 2015
Slide 12: Europe & Asia-Pacific in Q1/2016
Europe & Asia-Pacific in Q1/2016 Comparable +1.9% growth Q1 Q1 EUR million 2016 2015 Change 2015 +43.9% 225 Net sales* 183.3 127.4 44% 663.6 189 183 Adjusted operating profit 6.0 8.5 -29% 45.3 127 122 17.7 Capital expenditure 5.2 3.1 70% 20.2 11.4 Personnel (FTE), average 6,682 3,285 103% 4,842 8.5
Slide 13: Americas in Q1/2016
Americas in Q1/2016 Comparable +0.9% growth Q1 Q1 EUR million 2016 2015 Change 2015 +35.6% Net sales* 128.9 95.0 36% 451.2 129 119 119 118 Adjusted operating profit 17.8 10.8 65% 36.1 95 Capital expenditure 1.6 0.5 252% 4.0 17.0 17.8 Personnel (FTE), average 1,247 996 25% 1,123 10.8 5.7 2.5 Americas
Slide 14: Cash flow and debt Q1/2016
Cash flow and debt Q1/2016 Cash flow after change in net Net debt * working capital 318 307 249 218 65 33 5 -36 -79 -52 Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Working capital Capex 260 239 12.6 179 191 178 7.8 8.2 5.7 6.2 Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 20
Slide 15: Key ratios Q1/2016
Key ratios Q1/2016 EPS Operative EPS 0.95 0.76 0.14 0.15 0.10 0.17 0.05 0.01 -0.83 -0.18 Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Equity ratio % Gearing % * 28.2 27.0 70.6 20.9 66.2 65.1 63.7 18.4 63.0 -6.6 Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q1 2015 Q2 201
Slide 16: Continued focus on key international brands
Continued focus on key international brands Net sales by brand EUR million 1,107 836 799 743 748 768 Key 716 international 697 brands 647 660 2007 2008 2009 2010 2011 2012 2013 2014 2015 2015 Other brands Excl. watering & Incl. watering & WWRD WWRD Key international brands acquisitions acquisitions
Slide 17: Consolidating regional and tactical brands in the Nordics
Consolidating regional and tactical brands in the Nordics 17 | Fiskars Q1 2016
Slide 18: Building future growth through unified offering
Building future growth through unified offering Continually improving SKU efficiency Number of Stock Keeping Units (SKU)* Sales / SKU, EUR 40 000 40.7% 41.0% 80 000 38.6% 36.7% 35.4% 35.0% 33.5% 32.1% 30 000 30.6% 60 000 158% 20 000 40 000 10 000 20 000 0 0 2007 2008 2009 2010 2011 2012 2013 2014 20
Slide 19: Celebrating centuries of pride, passion and design. Every day.
Celebrating centuries of pride, passion and design. Every day.