Aktuellt
SENASTE
Fiskars hosted its CMD event in November and reiterated its financial targets for 2025. Given the current macroenvironment, we expect only minor organic growth for 2024, while its profit-improvement programmes and the acquisition of Georg Jensen could offer positive margin trajectory towards its mid-teens EBIT margin target by 2025. We expect solid cash flow development for Q4 and view the targeted leverage level as achievable during 2024. We derive a somewhat lower DCF- and multiples-based fair value range of EUR 14.0-17.2 (14.4-17.7) per Fiskars share. Marketing material commissioned by Fiskars.
LÄS MER
