Edition:
United Kingdom

Fiskars Corporation Lowers 2019 Comparable EBITA Outlook


Friday, 17 May 2019 

May 17 (Reuters) - Fiskars Oyj Abp ::FISKARS CORPORATION LOWERS ITS OUTLOOK FOR COMPARABLE EBITA IN 2019, COMPARABLE NET SALES OUTLOOK UNCHANGED.OUTLOOK IS INFLUENCED BY COMPANY'S INVESTMENTS IN GROWTH INITIATIVES THAT ARE EXPECTED TO ADD SUSTAINABLE VALUE IN LONG-TERM.IN 2019, FISKARS EXPECTS GROUP'S COMPARABLE NET SALES TO BE AT SAME LEVEL AS IN 2018.EXPECTS 2019 COMPARABLE EBITA TO BE BELOW PREVIOUS YEAR'S LEVEL..AN UNFAVORABLE OUTCOME OF THESE RISKS MIGHT HAVE A SIGNIFICANT IMPACT ON COMPARABLE NET SALES AND COMPARABLE EBITA.THERE ARE CONTINUED MATERIAL RISKS RELATING TO CHANGES IN OPERATING ENVIRONMENT, E.G. BREXIT AND POTENTIAL FURTHER INCREASES TO U.S. TARIFFS.FLUCTUATIONS IN CURRENCY RATES MIGHT ALSO HAVE A CONSIDERABLE IMPACT ON COMPARABLE EBITA.PREVIOUSLY, FISKARS EXPECTED GROUP'S COMPARABLE NET SALES AND COMPARABLE EBITA TO BE AT SAME LEVEL AS IN 2018. 

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