trending Market Intelligence /marketintelligence/en/news-insights/trending/1pKsbQsGWh46DSB5uWejDQ2 content esgSubNav
In This List

Fiskars profit misses consensus by 37.2% in Q2

Blog

Capital Markets Activity Infographic: SPAC Volume Rises in Q3; Equity Issuance Drops but Remains Strong in Several Sectors

Blog

Asset Owner Perspectives on Climate Change Measurement, Management, and Reporting in Australia

Blog

How Financial Institutions are Managing Exposure to U.S. Municipals

Blog

Insight Weekly: Global stock performance; hydrogen pilot projects; Powell's Fed future unsure


Fiskars profit misses consensus by 37.2% in Q2

Fiskars Oyj Abp said its normalized net income for the second quarter came to 13 euro cents per share, compared with the S&P Capital IQ consensus estimate of 20 cents per share.

EPS fell 43.8% year over year from 22 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €10.1 million, a decline of 45.1% from €18.3 million in the prior-year period.

The normalized profit margin declined to 3.2% from 9.1% in the year-earlier period.

Total revenue increased 26.1% year over year to €253.4 million from €201.0 million, and total operating expenses climbed 26.5% year over year to €231.0 million from €182.6 million.

Reported net income fell 36.2% year over year to €13.6 million, or 17 cents per share, from €21.3 million, or 26 cents per share.