Key Developments: Fiskars Oyj Abp (FIS1V.HE)

FIS1V.HE on Helsinki Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Fiskars appoints Teemu Kangas-Karki as CFO
Friday, 12 Sep 2014 03:02am EDT 

Fiskars Oyj Abp:Says Teemu Kangas-Karki has been appointed as the Group’s Chief Operating and Financial Officer (COO and CFO) as of immediately.Says Teemu Kangas-Karki is currently President of Fiskars’ Home business area.Says has plans to dissolve the current business areas, Home and Garden, and create new business region structures.  Full Article

Fiskars to reorganize its businesses in Europe and Asia-Pacific and lay off a maximum of 60 people
Friday, 12 Sep 2014 03:00am EDT 

Fiskars Oyj Abp:Says proposed new organization would come into effect as of Dec. 1.Says in the proposed new organization, Fiskars two geographic reporting segments, Europe & Asia-Pacific and Americas, would consist of four business regions.Says the reduction of employees is estimated to total a maximum of 60 people.  Full Article

Fiskars acquires U.S. watering brands Gilmour and Nelson
Thursday, 11 Sep 2014 09:30am EDT 

Fiskars Oyj Abp:Says has signed an agreement to purchase the Bosch Garden and Watering business, including U.S. watering brands Gilmour and Nelson from the Robert Bosch Tool Corporation.Says purchase price for the business and related net assets is $30.0 million, equalling about 23.2 million euros.Says the closing is expected to take place during Q4 2014.Says expects to record non-recurring expenses related to the integration of the business starting already in 2014.Says the transaction will be financed by Fiskars' existing credit facilities.  Full Article

Fiskars repeats FY 2014 guidance
Friday, 1 Aug 2014 01:33am EDT 

Fiskars Oyj Abp:Repeats FY 2014 guidance that was changed in June.Sees FY 2014 net sales and operating profit ex. items to be below 2013 levels.Reported net sales of 798.6 million euros and operating profit ex. items of 73.8 million euros for FY 2013.FY 2014 revenue 782.77 million euros, EBIT 62.88 million euros - Thomson Reuters I/B/E/S.  Full Article

Fiskars changes FY 2014 outlook; sales and operating profit to be below FY 2013 levels
Tuesday, 3 Jun 2014 01:30am EDT 

Fiskars Oyj Abp:Changes FY 2014 financial guidance as a consequence of market development in Finland.Net sales and operating profit, excluding non-recurring items, are now expected to be below FY 2013 levels.Previously expected full FY 2014 net sales to reach 2013 levels and operating profit, excluding non-recurring items, to be at or slightly below FY 2013 levels.FY 2013 revenue 798.60 million euros, EBIT 73.80 million.FY 2014 revenue 792.31 million euros - Thomson Reuters I/B/E/S.  Full Article

Fiskars announces CFO resignation
Monday, 12 May 2014 04:15am EDT 

Fiskars Oyj Abp:Says the company's Chief Financial Officer (CFO), Ilkka Pitkanen, is leaving his position as of May 12.Jyri Virrantuomi, head of the Group’s finance function, will take over responsibility for financial operations on interim basis.  Full Article

Fiskars Oyj Abp confirms FY 2014 outlook
Tuesday, 6 May 2014 01:30am EDT 

Fiskars Oyj Abp:Confirms the FY 2014 outlook as it remains unchanged.Says full-year 2014 net sales are expected to be at 2013 levels and operating profit excluding non-recurring items to be at or slightly below 2013 levels.FY 2014 revenues at 804.48 mln euros (2013: 798.60 mln euros)-Thomson Reuters I/B/E/S.FY 2014 EBIT at 70.00 mln euros (2013: 73.80 mln euros)-Thomson Reuters I/B/E/S.  Full Article

Fiskars streamlines its boat business
Wednesday, 23 Apr 2014 04:00am EDT 

Fiskars Oyj Abp:Streamlines its boat business.Will combine and rationalize functions as well as relocate the boat business from Helsinki to Raisio.Estimates the cost reduction measures to entail a reduction of six employees.  Full Article

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

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