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Fiskars Oyj Abp (FIS1V.HE)

FIS1V.HE on Helsinki Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Fiskars Q2 EBIT falls to EUR 14.8 million
Tuesday, 2 Aug 2016 01:30am EDT 

Fiskars Oyj Abp : Q2 net sales 293.5 million euros ($32 million) versus 253.4 million euros year ago . Q2 EBIT 14.8 million euros versus 19.4 million euros year ago . Outlook for 2016 unchanged ."Integration in the English & Crystal Living business and watering business are progressing as planned.".  Full Article

Fiskars: tax re-assessment decision from Large Taxpayer's office
Thursday, 7 Jul 2016 04:00am EDT 

Fiskars Oyj Abp : Has received a tax re-assessment decision from the Large Taxpayer's office . Obliges the company to pay 21.7 million euros ($24 million) additional tax as a result of a tax audit carried out in 2014 . Besides the re-assessed tax, it is obliged to pay interest expenses of 6.5 million euros and punitive tax increases of 0.1 million euros .Reassessment decision has a negative effect of 28.3 million euros on Fiskars's cash flow during Q3 2016.  Full Article

Fiskars distribution center operations to be transferred to Netherlands
Thursday, 2 Jun 2016 09:00am EDT 

Fiskars Oyj Abp : Fiskars’ regional distribution center operations in Germany will be transferred to a new distribution center in the Netherlands . The employee consultations, started in February 2016, relating to the transfer of the regional distribution center in Germany have been concluded . As a result of the negotiations, the total reduction of positions is 24 .These changes are a part of the Supply Chain 2017 restructuring program with a target to improve competitiveness of Fiskars manufacturing operations and distribution network.  Full Article

Fiskars to centralize its garden cutting tools manufacturing to its factory in Poland
Wednesday, 11 May 2016 07:05am EDT 

Fiskars Oyj Abp : Fiskars to centralize its garden cutting tools manufacturing to its factory in Poland . Total effect on employees is a maximum of 107 reductions which will take place in phases during years 2016 and 2017 . Total reduction of employees in first phase will be 61 . Part of reductions will take place through retirement arrangements . Remaining reductions are estimated to take place in second half of 2017 .Fiskars is committed to supporting the re-employment of affected employees by providing them with training courses.  Full Article

Fiskars confirms FY 2016 guidance
Wednesday, 4 May 2016 01:30am EDT 

Fiskars Oyj Abp:Says outlook for FY 2016 remains unchanged.Expects group's FY 2016 net sales and adjusted operating profit to increase from previous year.Reported net sales of 1.11 billion euros, adjusted operating profit of 65.1 million euros for FY 2015.FY 2016 revenue 1.25 billion euros-Thomson Reuters I/B/E/S.  Full Article

Fiskars plans to centralize its factory in Poland
Monday, 21 Mar 2016 08:00am EDT 

Fiskars Oyj Abp:Plans to centralize its garden cutting tools manufacturing to its factory in Poland.As a result of these plans, the employee consultations about the reorganization of the manufacturing operations will commence in Billnas on March 29, 2016 covering altogether 286 employees in the Billnas site.Possible permanent reduction of employees is estimated to affect maximum 107 employees.These plans are a part of the Supply Chain 2017 restructuring program with a target to improve competitiveness of Fiskars manufacturing operations and distribution network.  Full Article

Fiskars Oyj Abp to start employee consultations in Germany
Wednesday, 10 Feb 2016 06:30am EST 

Fiskars Oyj Abp:‍Will start employee consultations at regional distribution centre in Germany​.‍Plans to transfer regional distribution centre operations located in Germany to a partner operated distribution center in the Netherlands​​.‍Plans are a part of supply chain 2017 restructuring program.  Full Article

Fiskars Oyj Abp proposes dividend for FY 2015, provides outlook for FY 2016
Tuesday, 9 Feb 2016 01:30am EST 

Fiskars Oyj Abp:Proposes a dividend of 0.70 euro per share​ for FY 2015.Expects group's 2016 net sales and adjusted operating profit to increase from previous year​.  Full Article

Fiskars Oyj Abp sells local container gardening business in United States
Friday, 22 Jan 2016 06:30am EST 

Fiskars Oyj Abp:Sells local container gardening business in United States.Estimates net sales of Fiskars Americas' container gardening business to be about 25 million euros.  Full Article

Fiskars Oyj Abp completes sale of Buster Boats to Yamaha
Monday, 4 Jan 2016 06:00am EST 

Fiskars Oyj Abp:Has on Jan. 4 completed the sale of its Boats business to Yamaha Motor Europe N.V., announced on Nov. 11, 2015.  Full Article

BRIEF-Fiskars plans to increase efficiencies, proposes job cuts

* Plans to increase efficiencies with the new organizational structure