Fiskars Oyj Abp · OMXHEX:FSKRS
Fiskars Oyj Abp — Fiskars Group — Q2 2014 Earnings Presentation
16 slides from Fiskars Oyj Abp's earnings presentation, Aug 1, 2014
Slide 1: Fiskars Group Q2/2014
Fiskars Group Q2/2014 1.1. – 30.6.2014 Helsinki, August 1, 2014
Slide 2: Q2 2014: Net sales and EBIT below expectations, good operational efficiency
Q2 2014: Net sales and EBIT below expectations, good operational efficiency Net sales Currency change EBIT excl. NRI 201,0 MEUR,-8%, impact on net sales 19.4 MEUR, -30 % cn. -4 % -7.9 MEUR Outlook for 2014 Retail environment in updated in June: Finland declined FY sales and EBIT further excl. NRI to
Slide 3: Net Sales and EBIT in Q2 2014
Net Sales and EBIT in Q2 2014 Fiskars Group Net sales by quarter, MEUR EBIT by quarter, MEUR -8% 225 217.6 212.6 14,0% 201.0 25 200 184.1 177.9 12,0% 20 175 10,0% 150 15 27.8 125 8,0% 10 19.4 100 15.4 14.0 6,0% 12.8 5 75 4,0% 50 0 -1.7 -0.9 -2.3 -4.6 2,0% -6.6 25 -5 0 0,0% Q2 2013 Q3 2013 Q4 2013 Q1
Slide 4: Net sales development bridge
Net sales development bridge MEUR 217,6 -7,9 201,0 Q2 2013 Exchange Divested Garden Home Outdoor Garden Q2 2014 rate effect Business Page 4 Fiskars Q2 2014
Slide 5: Europe & Asia Pacific and Americas in Q2 2014
Europe & Asia Pacific and Americas in Q2 2014 Europe & Asia Pacific Net sales and EBIT % by quarter, MEUR Europe & Asia Pacific 200 20,0% 160.1 • Net sales in Q2 134.0 MEUR, -10 % 160 149.6 133.7 16,0% 119.8 134.0 • cn and excl. divested pottery -6 % 120 12,0% • EBIT excl. NRI 10.4 MEUR, -44 % 80 8,
Slide 6: Q2 2014 Home
Q2 2014 Home Page 6 Fiskars Q2 2014
Slide 7: Home, quarterly view
Home, quarterly view • Net sales 88.6 MEUR, -7 %, cn -4 % • In Europe, sales were down • Some availability issues and market situation in Finland weighed down Living • Licensed product sales decreased due to timing of novelties launches • Soft cookware sales, Fiskars-branded kitchenware continued to
Slide 8: Q2 2014 Garden
Q2 2014 Garden Page 8 Fiskars Q2 2014
Slide 9: Garden quarterly view
Garden quarterly view • Net sales 80.6 MEUR, -8 %, cn and excluding divested pottery flat • Sales in Europe impacted by currencies and divestment of UK pottery business • Core categories up • Sales in North America up despite cold and rainy weather Net Sales, MEUR 100,0 80,0 60,0 40,0 80.0 84.1 87.9
Slide 10: Q2 2014 Outdoor
Q2 2014 Outdoor Page 10 Fiskars Q2 2014
Slide 11: Outdoor quarterly view
Outdoor quarterly view • Net sales 30.6 MEUR, -9 %, cn -6 % • In Americas, Gerber sales up • Pick-up in institutional and industrial sales • In Europe, Gerber sales below last year’s high campaign sell-in and Boat sales weighed down by the market in Finland and Norway • Boat business re-structured N
Slide 12: Q2 Financials
Q2 Financials: Page 12 Fiskars Q2 2014
Slide 13: Cash flow and debt Q2 2014, MEUR
Cash flow and debt Q2 2014, MEUR Cash flow from Working Capital Capital Net debt operating activities expenditure 45 140 12,0 250 41 123 40 120 121 10.3 120 201 206 208 110 10,0 200 186 35 8.6 8.5 100 30 88 8,0 153 6.6 150 25 80 23 6,0 5.4 20 60 100 15 15 4,0 40 10 50 7 6 2,0 20 5 0 0 0,0 0 Page 13
Slide 14: Key ratios Q2 2014
Key ratios Q2 2014 EPS* Equity per Share Equity ratio, % Gearing, % 0,45 9,0 70 40 0.40 61 35 0,40 8,0 7.71 59 34 34 7.46 35 7.28 7.42 7.20 60 57 57 58 31 0,35 0.33 7,0 30 50 0,30 6,0 24 0.26 25 0,25 5,0 40 20 0,20 4,0 30 0.16 0.14 15 0,15 3,0 20 10 0,10 2,0 10 5 0,05 1,0 0,00 0,0 0 0 Page 14 Fiskar
Slide 15: Outlook updated in June, 2014
Outlook updated in June, 2014 • In Q2, challenges from Q1 continued: negative currency changes, some availability issues in Europe and lost momentum in the Outdoor Americas commercial segment • Retail environment in Finland has declined further, no turn for the better can be expected in the short te
Slide 16: Fiskars – celebrating centuries of pride, passion and design
Fiskars 365 – celebrating centuries of pride, passion and design. Every day.