Assets

The company's long-term assets, including property, plant, and equipment, as well as right-of-use assets, appear to be relatively stable, with minimal changes in their book values over the past year. However, the decrease in the book value of right-of-use assets may indicate a potential issue with the company's leasing arrangements, which could have a negative impact on future cash flows. On the other hand, the company's short-term assets, such as trade receivables and cash and cash equivalents, have shown a slight decrease, which may be a cause for concern regarding the company's liquidity and ability to meet its short-term obligations.

Shareholders Equity

The Shareholders' Equity section of the financial statements indicates a stable trend, with a slight decrease in retained earnings due to a significant dividend payout in the current period. This payout suggests that the company is prioritizing shareholder returns, which may be a strategic decision to maintain investor confidence and support the company's growth prospects. However, the decrease in retained earnings also implies that the company's ability to generate internal funds for future investments and growth initiatives may be temporarily constrained.

The equity value for Q2 2026 is 646.3 million Euros, and the predicted equity value for Q2 2027 (e) is 687.0 million Euros. The expected change in equity value from Q2 2026 to Q2 2027 (e) is 40.7 million Euros, which represents a 6.3% increase. The equity is expected to decrease by 38.7 million Euros from 2025 to 2026, which is a 5.5% decrease. From 2026 to 2027, the equity is expected to increase by 48.2 million Euros, which is a 7.2% increase. The year-end values for Equity are 710.4 million Euros in 2025, 671.7 million Euros in 2026, and 719.5 million Euros in 2027.

*Future dividents are not included in prediction

Debt

Fiskars Group's long-term debt appears to be manageable, with a stable net debt position and a moderate net debt-to-comparable EBITDA ratio, indicating that the company's ability to service its debt is relatively strong. However, the high gearing ratio suggests that the company's capital structure is heavily reliant on debt, which may pose a risk to its financial flexibility and ability to absorb potential shocks. On the other hand, the equity ratio is relatively stable, indicating that the company's balance sheet is well-supported by equity, which should provide a cushion against potential downturns.

The Net Debt in Q2 2026 is 541 million Euros. The predicted Net Debt in Q2 2027 (e) is 488.5 million Euros, indicating a decrease of 52.5 million Euros. This represents a decrease of approximately 9.7% from the Q2 2026 value. The Net Debt is expected to decrease by 0.6 million Euros from 2025 to 2026, which is a 0.12% decrease. From 2026 to 2027, the Net Debt is expected to decrease by 78.8 million Euros, which is a 15.4% decrease. The year-end Net Debt values for the respective years are 513.4 million Euros in 2025, 512.8 million Euros in 2026, and 434.0 million Euros in 2027.