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Fiskars Corporation Insider information November 8 , 2021 at 08:00 ( EET ) ● Fiskars Group provides new long - term financial targets The Board of Directors of Fiskars Group has decided on new long - term financial targets for the next four - year period . The new financial targets replace the previous financial targets , which were issued in February 2017 and updated in November 2018 . The new financial targets cover five areas : growth , profitability , cash flow , balance sheet and dividend : Annual , FX neutral organic net sales growth : approximately 5 % ( mid - single digit ) Comparable EBIT margin : approximately 15 % ( mid - teen ) by the end of 2025 Cash conversion ( Free Cash Flow / Net Profit ) : At least 80 % Net debt / LTM ( last twelve month ) EBITDA : At or below 2.5x Dividend ( unchanged ) : Aim to distribute a stable , over time increasing dividend , to be paid biannually ● ● FISKARS GROUP " The new financial targets and updated growth strategy reflect our ambition to improve the company's performance . We are excited about the significant potential ahead . The updated strategy is built around winning brands , channels and countries , underlining the importance of clear prioritization and allocation of resources . We emphasize execution of the strategy from day one " , said Nathalie Ahlström , President and CEO . The outlook for 2021 remains unchanged . FISKARS CORPORATION Nathalie Ahlström President & CEO Capital Markets Day on November 9 , 2021 : Fiskars Group will arrange a Capital Markets Day on November 9 , 2021 , starting at 15:00 EET . At the event , CEO Nathalie Ahlström and CFO Jussi Siitonen will present the updated growth strategy and the new financial targets in more detail . The event can be followed as a live webcast at : http://worksup.com/fiskarsgroup Media and investor contacts : Kristian Tammela , Director , Investor Relations , tel . +358 40 708 1181 Making the everyday extraordinary Fiskars Group's vision is to create a positive , lasting impact on our quality of life . Our brands Fiskars , Gerber , littala , Royal Copenhagen , Waterford , and Wedgwood are present in people's everyday lives – at home , in the garden , and outdoors . This gives us an opportunity to make the everyday extraordinary today , and for future generations . We have a presence in 30 countries , and our products