Fiskars Q4 profit increases

Fiskars Corporation., a supplier of consumer products for the home, garden and outdoors, has reported that profit for the fourth quarter of 2012 was E31.9 million, or E0.39 per share, compared to E26.7 million, or E0.33 per share, for the fourth quarter of 2011.

Net sales for the fourth quarter of 2012 were E190.3 million, compared to E187.3 million for the fourth quarter of 2011.

Profit for 2012 was E178.9 million, or E2.18 per share, compared to E156.3 million, or E1.91 per share, for 2011. Net sales for 2012 were E747.8 million, compared to E742.5 million for 2011.

Fiskars President and CEO, Kari Kauniskangas: "Against the background of a volatile business environment and weakening economic climate in Europe in 2012, Fiskars' business performed steadily. I am proud that we were able to match last year's sales and to deliver a record operating profit for the third year in a row while carrying significantly increased costs related to our transformation programs in both structures and platforms in EMEA. This achievement builds on both the strength of our key international brands and improved operational efficiency in Europe."