Fiskars Corporation Stock Exchange Release June 30, 2006 at 4.40 p.m. FISKARS ACQUIRES SWEDISH SILVA GROUP Fiskars strengthens its position in the outdoor recreation market by acquiring the Swedish Silva Group. Silva's net sales in fiscal year 2005/2006 were about EUR 34 million, and it employs some 250 staff. Silva is headquartered in Sollentuna in Sweden, while its US subsidiary The Brunton Company operates in Riverton, Wyoming. Some 60 percent of Silva's sales comes from Europe, with the remainder coming mainly from the US. As Silva has its own marketing companies in the UK, Germany and France, Fiskars plans to employ the distribution network to market Gerber products in Europe. Silva is known for its compasses, but the company is also a leading supplier of other fitness and outdoor recreation products, such as binoculars and headlamps. The transaction does not include the marine electronics equipment of Silva which will be developed further under the previous ownership. Silva has production facilities in Sweden and the US, as well as in China where Silva has been manufacturing products since 2005, presenting the opportunity for potential long-term supply chain synergies for the business. Silva will be operating under the Gerber Legendary Blades division of Fiskars Brands, Inc. Gerber holds a strong position in the US camping and outdoor recreation market. The Gerber brand is a seal of quality for hunting, fishing and camping enthusiasts, and its core products are the sporting knives and multi- tools. The product range also includes LED lighting products for outdoor activities, and a number of innovative hydration packs. Products sold under the Silva and Brunton brand increase and complement the range in an interesting way. The transaction will be finalized after approval by competition authorities. Heikki Allonen President and CEO www.fiskars.fi www.silva.se
Press and stock exchange releases from Fiskars Corporation, dating from 1997 have been gathered onto this page. Additional financial data related to interim reports and the annual reports stock exchange releases can be retrieved from 2000 onwards.