Fiskars Oyj (FRA:A8X)
€ 15.06 -0.16 (-1.05%) Market Cap: 1.23 Bil Enterprise Value: 1.76 Bil PE Ratio: 70.09 PB Ratio: 1.67 GF Score: 72/100

Q3 2023 Fiskars Oyj Abp Earnings Call Transcript

Oct 26, 2023 / 11:00AM GMT
Release Date Price: €14.16 (-2.34%)
Essi Lipponen
Fiskars Oyj Abp - Director of IR

Hello, and welcome to Fiskars Group Q3 2023 Results Webcast. My name is Essi Lipponen, and I'm the Director of Investor Relations. I'm here with our President and CEO, Nathalie Ahlstrom; and our CFO, Jussi Siitonen. Nathalie and Jussi will first present the Q3 highlights. And after that, we will have time for your questions. You can type in your questions in the chat already during the presentation. Nathalie, please go ahead.

Nathalie Ahlstrom
Fiskars Oyj Abp - President, CEO & Head of Business Area

Thank you, Essi, and welcome also from my side here for our Q3 report. Starting with the highlights of the quarter. It's a tough time. Sales and EBIT came down in this challenging market. However, on the bright side, we're very proud of the free cash flow and the gross margin improvement we delivered. Also, the profile of our company is moving with DTC continuing to grow especially e-com growing, which talks about the attraction consumers have to our e-comm and our brands.

We also in September and in Q3

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