Fiskars (A8X) Q3 2026 Earnings Report
DE:A8X Q3 2026 EPS Results
- Actual EPS
- EUR 0.14
- Consensus EPS
- EUR 0.13
- Beat/Miss
- Beat by +EUR 0.01
- One Year Ago EPS
- EUR 0.08
DE:A8X Q3 2026 Revenue Results
- Actual Revenue
- EUR 268.70M
- Expected Revenue
- EUR 264.95M
- Beat/Miss
- Beat by +EUR 3.75M
- YoY Revenue Growth
- +3.63%
Earnings Announcement Details
- Quarter
- Q3 2026
- Date
- 10/22/2026
- Time
- Before Open
- Conference Call
- Thursday, October 22, 2026
Fiskars's next earnings date is estimated for February 11, 2027, based on past reporting schedules.
Q3 2026 Earnings Call Audio
No earnings call audio is available for this earnings event.
Q3 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q3 2026 Earnings Call Summary
The call was predominantly positive, with group comparable sales growth for the fifth consecutive quarter, substantial improvements in EBIT, free cash flow, EPS and leverage, and progress across both business areas. The transformation program is on track or slightly ahead, and brand and product initiatives are performing well. However, management highlighted limited macroeconomic visibility, elevated inventories, ongoing production curtailments, higher-than-estimated turnaround costs, seasonal snow risk and gradual erosion in some manual tool categories.
For 2026, Fiskars Group repeated guidance for 3.6% top line growth with the reported currencies, like-for-like currencies 3%, comparable EBITDA up to EUR 38.6 million, and EPS from EUR 0.08 last year to EUR 0.14 this year; the assumptions include that uncertainties in the global economy continue, visibility is limited, the fourth quarter is important for comparable EBIT generation, changes from the February reorg activities continue to support EBIT in the fourth quarter, some further tariff refunds will fall into the fourth quarter, and production curtailments continue to create negative variances, while Vita’s transformation plan targets run rate savings of EUR 28 million by the end of next year, with 1/3 of the savings expected to occur in 2026 and the company stating it is slightly ahead of that target.
- Fifth Consecutive Quarter of Comparable Sales GrowthGroup comparable net sales increased 3%, marking the fifth consecutive quarter of growth, with both business areas contributing.
- Comparable EBIT and Free Cash Flow Improved MateriallyComparable EBIT increased to EUR 20.2 million from just under EUR 14 million last year, supported by top-line growth and gross-margin expansion. Free cash flow improved from negative EUR 20 million to a little more than EUR 40 million positive, driven by production curtailments and focus on net working capital.
- Full-Year Guidance ReiteratedThe company repeated its 2026 guidance for 3.6% top-line growth on reported currencies and 3% on a like-for-like currency basis. Comparable EBITDA is expected to reach EUR 38.6 million, while EPS increased to EUR 0.14 from EUR 0.08 last year.
- Progress on Sustainability and Workplace SafetyThe company reported progress in circular materials and circular products, Scope 1, Scope 2 and Scope 3 emissions, and supplier adoption of science-based targets. Lost-time accident frequency improved to 2.2 from 3.7 last year.
- Vita Delivered Broad-Based Comparable GrowthBusiness Area Vita reported its fifth consecutive quarter of comparable net sales growth, with sales up 4.5%. Growth came through both direct-to-consumer channels and wholesale.
- Vita Brands Showed Strong PerformanceGeorg Jensen continued to deliver strong growth, while Moomin Arabia and Rorstrand also performed well. Rorstrand is celebrating its 300th anniversary this year.
- Vita EBIT More Than DoubledVita comparable EBIT increased from EUR 5.1 million to EUR 11 million, supported by higher volumes, improved gross margin, and savings from turnaround actions.
- Vita Gross Margin ExpandedVita gross margin increased by 190 basis points to 53.9%, primarily due to positive mix, with higher-margin brands growing faster than the average.
- Vita Transformation Program Is Ahead of TrackThe transformation plan targets EUR 28 million of run-rate savings by the end of next year. Management said the plan remains on track and is slightly ahead of the target to capture one-third of the savings in 2026. Savings are being realized in both SG&A and gross margin.
- Vita Brand and Product Launches Supported Brand DesirabilityGeorg Jensen successfully launched the Fold collection, Iittala launched the Unda collaboration with designer Sabine Marcelis, Moomin Arabia's Rebel Club program was well received, and Waterford launched an exclusive collection for the 250th anniversary of the U.S.
- Fiskars Business Area Returned to GrowthBusiness Area Fiskars reported 1% sales growth, or 2% excluding currency. North America continued its momentum, while Europe and Australia and New Zealand stabilized.
- Fiskars EBIT Benefited from Volume and Gross MarginFiskars EBIT continued its positive trajectory, supported by volume and gross-margin improvements, as well as U.S. tariff refunds.
- Fiskars Continued Investing in InnovationR&D spending increased consistently with the strategy to drive more innovation. The company is expanding its battery platform with an electric snow shovel launching in the fall and electric hedge shears launching in spring.
- Fiskars Battery Platform and MoMA Collaboration Received Positive ResponseManagement described the scalable battery platform as offering one battery across applications and voltages. The MoMA collaboration received favorable consumer reactions on social media.
- Cash Generation and Earnings per Share ImprovedOperating cash flow was EUR 37 million, while quarterly CapEx was EUR 10 million, unchanged from the comparable quarter. Comparable EPS increased from EUR 0.08 to EUR 0.14, and cash EPS improved from approximately zero to EUR 0.44 per share.
- Leverage ImprovedNet debt decreased by a little over EUR 50 million in absolute terms compared with the comparison period, and net debt to EBITDA improved to 3.36x. The company is aiming toward a 2.5x level in the coming years.
- Positive U.S. Consumer and Retailer Sell-Through TrendsManagement said the positive trend for the Fiskars brand in the U.S. continued, although it is monitoring sharper commentary on fuel costs and affordability ahead of the midterms. Vita reported relatively positive sell-through among key retailers and wholesale partners and is managing inventory to match sell-through.
- Turnaround Brands Progressing to PlanManagement said the turnaround of Wedgwood and Waterford was moving in the right direction. Wedgwood had a relatively positive Q3 and was described as on track, while Waterford is executing a program to improve top-line, EBIT, and inventory performance.
DE:A8X Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Feb 11, 2027 | 2026 (Q4) | 0.36- | 0.31 | ― | ― |
| Oct 22, 2026 | 2026 (Q3) | 0.130.14 | 0.08 | 75.00% (+0.06) | |
| Jul 16, 2026 | 2026 (Q2) | 0.06-0.04 | -0.05 | 10.00% (+0.01) | |
| Apr 23, 2026 | 2026 (Q1) | 0.130.16 | 0.15 | 6.67% (+0.01) | |
| Feb 05, 2026 | 2025 (Q4) | 0.280.31 | 0.57 | -45.61% (-0.26) | |
| Oct 23, 2025 | 2025 (Q3) | 0.110.08 | 0.2 | -60.00% (-0.12) | |
| Jul 17, 2025 | 2025 (Q2) | 0.03-0.05 | 0.16 | -131.25% (-0.21) | |
| Apr 24, 2025 | 2025 (Q1) | 0.230.15 | 0.26 | -42.31% (-0.11) | |
| Feb 06, 2025 | 2024 (Q4) | 0.330.57 | 0.39 | 46.15% (+0.18) | |
| Oct 24, 2024 | 2024 (Q3) | 0.210.20 | 0.16 | 25.00% (+0.04) |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
