Net Sales Growth
The company's net sales turned to growth, driven by several Vita brands which grew by 8%. The U.S. market also showed solid growth despite previous turmoil.
Vita Segment Performance
Vita segment showed a broad-based net sales growth, marking the first mid-single digit growth quarter since Q2 2022. 12 out of the top 15 countries, representing over 90% of sales, grew in Q3.
Innovation Pipeline Doubling
The innovation pipeline in the Fiskars business area has more than doubled over the last 1.5 years, with new products and innovations being introduced.
Desirable Brand Performance
The Moomin Day celebration mug sold out quickly, indicating strong brand desirability. This is reflective of the desirability of many of the company's brands.
Improved Tariff Mitigation
Fiskars BA showed improved gross margin, successfully matching the incremental tariff costs with product and pricing adjustments.