2024-02-08 14:20:10 ET
Fiskars Oyj Abp (FKRAF)
Q4 2023 Results Conference Call
February 08, 2024 07:00 AM ET
Company Participants
Essi Lipponen - Director of Investor Relations
Nathalie Ahlström - President and CEO
Jussi Siitonen - CFO
Presentation
Essi Lipponen
Hello, and welcome to Fiskars' Group's Q4 and 2023 Results Webcast. My name is Essi Lipponen, and I'm the Director of Investor Relations. I'm here with our President and CEO, Nathalie Ahlström, and our CFO, Jussi Siitonen. Nathalie and Jussi will first go through the presentation and some highlights. And after that, we will have plenty of time for your questions. You can type in your questions in the chat already during the presentation. Go ahead, Nathalie.
Nathalie Ahlström
Thank you, Essi. I'm delighted to be here to talk about 2023 and our Q4. If I start with the highlights of last year and Q4, we're really proud to say that this was an all-time high cash flow for the company, and Jussi is going to talk about that more later. And 2024 -- sorry, 2023, we finished as we had guided, so came spot on in that. When we look at how we're taking the company forward strategically, transformation levers and Georg Jensen are delivering, and the integration of Georg Jensen is going really well. So, we are executing the strategy. Following the strong cash flow and our strong cash position, the Board is proposing an increasing dividend of EUR 0.82 per share.
And then guidance for 2024. Our guidance is the EBIT will slightly increase from last year's level in this environment. But let's look into the details. So, Q4, very much in line with the guidance. Our top line was flat.
And when you look at the EBIT, we see an increase that comes from Georg Jensen that was integrated into the Q4 results of the company. The highlights of Q4 are really gross margin. Yet again, we managed to increase the gross margin of the whole company. And these talks about how we're elevating the portfolio, elevating the company as we go forward. I spoke about the all-time high cash flow and that is also with the EBIT. And the cash flow translates into increasing earnings per share and cash earnings per share, both of these increasing quite significantly in Q4.When we then look at the full-year 2023, we see a bit more challenging picture....
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Fiskars Oyj Abp (FKRAF) Q4 2023 Earnings Call Transcript