(Adds details, sales, outlook)
HELSINKI, February 5 (Reuters). Finnish-based Fiskars posted fourth quarter sales and earnings growth on Friday as the garden and kitchen tool maker continued to benefit from consumers staying at home in their markets.
Net sales rose by 1.7% year-on-year to EUR 313 million, as online sales increased, while earnings per share rose from EUR 0.26 to EUR 0.30.
“Visibility remains low due to the COVID-19 pandemic, which is profoundly affecting consumers’ lives in terms of changes in disposable income, purchasing decisions and consumer behavior,” the company said.
However, over the past six months, people who are locked have invested more in their homes while good weather conditions have extended the gardening season in Europe and North America.
Fiskars expected lower EBITA for 2021 than 2020, but over 110 million euros as the company adapts to the changes caused by the pandemic. (Reporting by Essi Lehto and Tarmo Virki; editing by Jacqueline Wong and Jason Neely)
