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Fiskars Oyj is a home of design-driven brands for indoor and outdoor living. The company is organized in two business areas Vita and Fiskars. The business area Vita offers premium and luxury products for the tableware, drinkware, jewelry and interior categories. It comprises brands such as Iittala, Georg Jensen, Royal Copenhagen, Moomin Arabia and Wedgwood. The business area Fiskars consists of the gardening, watering and outdoor categories as well as the scissors and creating, and cooking categories. The brands include Fiskars and Gerber. Fiskars Group's reporting segments are; Vita, Fiskars and Other. The company's brands are present in more than 100 countries in Asia-Pacific, Europe and the Americas.

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Fiskars Posts Rise In Q4 Profit

Fiskars Oyj

Fiskars

<b>Fiskars Oyj</b> (OTC: <a class="ticker" href="/stock/fkraf#OTC">FKRAF</a>) reported a rise in its profit for the fourth quarter.

Fiskars posted a quarterly net profit of EUR718.1 million, versus a year-ago profit of EUR32.6 million. 

Its sales declined to EUR203.9 million from EUR212.6 million.

Operating profit slipped 81% to EUR2.3 million from EUR11.7 million, while operating profit, excluding non-recurring items, shrank 24% to EUR 10.7 million.

Fiskars President and CEO, Kari Kauniskangas said, "Despite the overall economic uncertainty, Fiskars strong financial position and positive cash flow enable us to continue the determined execution of our strategy in 2015 to lay the foundation for our future international growth. We will ramp up our business and retail network in Asia, and the integration and turnaround of the newly acquired US watering business has started. In addition, we plan to increase investments in our brands in Europe. These strategically important efforts will increase our costs and, together with the amortization related to our five-year investment program, lead us to expect that our operating profit excluding non-recurring items for 2015 will be below 2014 levels."


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Latest Fiskars Stock News | OTC:FKRAF | Benzinga

Friday, February 06, 2015

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