Key Developments: Fiskars Oyj Abp (FIS1V.HE)

FIS1V.HE on Helsinki Stock Exchange

19.73EUR
17 Apr 2014
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€0.07 (+0.36%)
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Latest Key Developments (Source: Significant Developments)

Fiskars to close factories in Italy and cut up to 58 jobs-Reuters
Wednesday, 26 Mar 2014 05:26am EDT 

Fiskars Oyj Abp:Fiskars plans to close two knife factories and warehouse in Italy-Reuters.To cut up to 58 jobs due to weak local demand.Italian restructuring is part of savings programme to cut costs by 9 million euros ($12.4 million) to 11 million euros a year.  Full Article

Fiskars names Paul Ehrnrooth Chairman
Wednesday, 12 Mar 2014 11:00am EDT 

Fiskars Oyj Abp:Announces Paul Ehrnrooth as Chairman.He was previously ordinary member of the Board.  Full Article

Fiskars proposes FY 2013 dividend of EUR 0.67 per share
Friday, 7 Feb 2014 02:00am EST 

Fiskars Oyj Abp:Proposes that a dividend of 0.67 euro per share shall be paid for FY 2013.Says the record date is Mar. 17 and the dividend payment date is proposed to be Mar. 24.Paid dividend of 0.65 euro per share for FY 2012.  Full Article

Fiskars Oyj Abp issues net sales and operating profit outlook for 2014
Friday, 7 Feb 2014 01:30am EST 

Fiskars Oyj Abp:Sees fiscal year 2014 full-year net sales expected to be at 2013 levels and operating profit excluding non-recurring items to be at, or slightly below 2013 levels due to planned growth initiatives and increased depreciation and amortization.  Full Article

Fiskars Signs EUR 100 mln revolving credit facility
Thursday, 19 Dec 2013 09:30am EST 

Fiskars Oyj Abp:Says has signed a 100 million euros revolving credit facility with Danske Bank A/S, Helsinki Branch.Says the facility replaces the company’s existing 80 million euros revolving credit facility signed with Sampo Bank Plc in December 2007.Says the facility has a tenor of five years and serves for general corporate purposes.  Full Article

Fiskars Oyj Abp reorganizes its functions in Denmark
Wednesday, 18 Dec 2013 08:00am EST 

Fiskars Oyj Abp:Plans to create one common sales organization for the Danish market in line with the group’s operating model and the EMEA 2015 restructuring program.Says following the acquisition of Royal Copenhagen A/S, Fiskars has two organizations in Denmark, while the group’s overall strategy is to have one sales unit in each country to promote the group’s full brand offering.Says following local works council consultations, Fiskars has decided to form a new Danish sales organization, designed for the Danish market’s needs and based in Copenhagen.Says the new sales unit will be planned in line with the implementation of the company’s EMEA-wide common processes and systems, and will be operational as of first quarter 2015.Says this means that Fiskars Denmark’s current office in Silkeborg, Jutland, will be relocated to Copenhagen and Fiskars Denmark’s distribution center in Silkeborg will be closed by first quarter 2015.  Full Article

Fiskars establishes Asia-Pacific sales region
Wednesday, 11 Dec 2013 03:31am EST 

Fiskars Oyj Abp:Says establishes an Asia-Pacific sales region.Says the new sales region will contain Fiskars' sales units in Australia, China, Japan, South Korea and Taiwan and will be responsible for all distributor-based sales in the region.Says the aim is to accelerate growth in the region.  Full Article

Fiskars Oyj Abp Maintains FY 2013 Financial Guidance
Friday, 1 Nov 2013 02:30am EDT 

Fiskars Oyj Abp announced that the Company's fiscal year 2013 financial guidance remains unchanged. The Company's full fiscal year 2013 net sales and operating profit excluding non-recurring items are expected to be above 2012 levels. In the fiscal year 2012 the Company reported net sale of EUR 747.8 million and operating profit excluding non-recurring items of EUR 63.1 million. According to I/B/E/S Estimates analysts on average are expecting Fiskars to report revenue of EUR 799.61 million and EBIT of EUR 71.87 million for the fiscal year 2013.  Full Article

Fiskars Oyj Abp Concludes Codetermination Negotiations at Ceramics Factory in Helsinki and Reduces Personnel by 41 People
Wednesday, 16 Oct 2013 08:00am EDT 

Fiskars Oyj Abp announced that the codetermination negotiations, that started on August 28, 2013 at the Fiskars Helsinki ceramics factory, Finland, have been concluded. As a result of the negotiations the Helsinki ceramics factory will focus on flat products – plates and saucers – as well as manufacturing small ceramic series. The possible personnel reductions were estimated to affect a maximum of 48 people. As a result of the codetermination negotiations, the total personnel reduction came to 41 people.  Full Article

Fiskars Oyj Abp's Iittala Enters Chinese and Italian Markets
Thursday, 3 Oct 2013 06:00am EDT 

Fiskars Oyj Abp announced that the Company's international home brand Iittala has opened its first store in China in Shenzhen. Additionally, its presence in Italy is established through opening a dedicated showroom and first shop-in-shop in Milan.  Full Article

Finland's Fiskars to close factories in Italy

HELSINKI, March 26 - Finnish kitchen utensils and tools group Fiskars said it plans to close two knife factories and a warehouse in Italy and cut up to 58 jobs due to weak local demand.

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