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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.

 

Fiskars Corporation Stock Exchange Release
                                May 8, 2007 at 08.30 am


FISKARS CORPORATION INTERIM REPORT JANUARY-MARCH 2007
(Unaudited)

Fiskars net sales and operating profit increased in the first quarter

- Net sales were EUR 152.0 million (139.0)
- Operating profit increased to EUR 19.8 million (16.0)
- Gardening season began early due to a warm weather, particularly
  in Europe
- Outdoor recreation business developed favorably
- Income from associated company Wärtsilä EUR 6.9 million (8.8)

FISKARS CORPORATION IN BRIEF

EUR, million                    Q1/2007   Q1/2006    2006
Net sales                       152.0     139.0      534.9
Income from associate           6.9       8.8        58.6
Operating profit                19.8      16.0       85.8
Pre-tax profit                  18.1      14.3       76.7
Net profit for the period       14.7      12.5       82.0
Earnings / share from           0.19      0.16       0.86
continuing operations, EUR
Earnings / share, total, EUR0   0.19      0.16       1.06
Cash from operations            7.8       12.8       99.0




FISKARS CORPORATION

Fiskars net sales for the first quarter increased by 9.4% from last year to
EUR 152.0 million (139.0). Silva Group, which was acquired in
September 2006, represented EUR 9.3 million or 6.7% of the increase,
with 2.7 percentage points of the increase being organic net growth. In
estimating the level of organic growth, it is important  to take into
consideration the discontinuation of floor mat and watering hose -product
lines in the United States in 2006 as well as the weakening of the US
dollar. The acquisition of  Silva Group and the fact that the growth was
generated mainly on European markets resulted in a shift of the
geographical distribution of the Corporation's net sales. Of net sales in
the first quarter, 56% (50) were generated in Europe and 38% (44) in the
United States.

The Corporation's operating profit, including the income from  associated
company Wärtsilä, was EUR 19.8 million (16.0). The operating profit
from wholly-owned businesses was EUR 12.9 million (7.2) or 8.5% of
net sales (5.2). The income from associated company Wärtsilä was EUR
6.9 million (8.8).

Net financial costs in the first quarter were EUR 1.7 million (1.7) and the
pre-tax profit  was EUR 18.1 million (14.3).

Taxes for continuing operations increased to EUR 3.4 million (2.1). Last
year's first quarter net profit of EUR 0.3 million for the Power Sentry
division, which was divested in 2006, is reported under discontinued
operations.

The profit for the review period was EUR 14.7 million (12.5) and
earnings per share correspondingly EUR 0.19/share (0.16).

Personnel totaled 3,041 at the end of the review period, having been 3,003
at the beginning of the year. The number of employees in Finland and
Scandinavia is at year-end levels, while the personnel in other countries in
Western Europe has somewhat increased, mostly due to seasonal
fluctuations in operations. In the United States, the number of employees
has continued to decrease slightly because of the restructuring measures
that have been implemented.

FISKARS BRANDS

The net sales of Fiskars Brands, Inc. increased by 7.0% to EUR 136.9
million (128.0).  The growth would have been 11.5% without the
weakened exchange rate of the dollar. Operating profit improved, totaling
EUR 11.2 million (7.7). Non-recurring restructuring costs of EUR 0.6
million were included in the operating profit for the corresponding review
period last year. The operating profit corresponded 8.1% (6.0) of net
sales.

The early spring started the season for garden tools earlier than usual,
mainly in Europe but also in parts of North America, resulting in an
increase in net sales compared to last year when the season began later
than usual in most markets. During the first quarter last year,
subsequently discontinued watering products and floor mats that were
part of US Garden division were still sold in the US, their share of the
first quarter sales of Fiskars Brands being 5.3% last year.

New craft products were launched however, the main selling period for
these products is during the second and third quarters.

The Silva and Brunton ranges increased the total sales of outdoor
recreation products compared to last year. All in all, the development of
the product group led by Gerber was favorable in the first quarter.

Fiskars Brands continued to increase the selection of housewares sold
mainly in the Nordic countries.

Some 41% (47) of Fiskars Brand's net sales for the review period were
generated in the United States), with 51% (46) being generated in Europe.
As a whole, net sales increased more in markets where profitability is
above average. At the same time, discontinuation of  less profitable
product lines within the product range improved profitability in the first
quarter.

The move to outsourced production that is part of the restructuring
realized in the United States has progressed according to plan and by the
beginning of the Back-to-School season, practically all crafts products
being sold will be outsourced.

Investments during the review period totaled EUR 2.5 million (2.2). No
acquisitions were made during the first quarter.

Fiskars Brands personnel at the end of the review period numbered 2,693,
having increased by 34 since the beginning of the year.


INHA WORKS

During the review period, Inha Works net sales increased by 23% from
last year, totaling EUR 12.7 million (10.3). The operating profit was EUR
1.6 million (1.1).

Again, deliveries of boats to dealers have clearly increased from last year.
Production has been streamlined and the increase in productivity has
resulted in improved profitability. The new Buster X  has found its  place
in the market between the long-serving Buster L model and the more
recent success, the Buster XL.

The company has invested in its product development and market
research in order to complement its boat range in a way that will respond
to market expectations.

Investments during the review period totaled EUR 0.6 million (0.2).
Personnel comprised 304 employees at the end of the period (301 at the
beginning of the year).

REAL ESTATE GROUP

Net sales for the Real Estate Group were EUR 3.1 million (1.1). The
operating profit was EUR 2.1 million (0.1). The increase in the price of
the standing timber is reflected in net sales and operating profit. During
the review period the increase in price was  EUR 2.1 million (0.1), with
the total value of the Fiskars Corporation standing timber at the end of the
period being EUR 36.8 million (29.9).

No significant real estate deals were made during the review period.

Investments by the Real Estate Group totaled EUR 0.3 million (0.7).

WÄRTSILÄ

Fiskars' income from associated company Wärtsilä for the first quarter
totaled EUR 6.9 million (8.8).

Fiskars' share of Wärtsilä equity and votes was 16.5% (16.8%) and
30.4% (30.6) respectively. Fiskars did not divest or purchase any Wärtsilä
shares during the review period.

The book value of Fiskars' investment in the associates company was
EUR 219.9 million (239.1 at the beginning of the year), the decrease
caused by Wärtsilä's payment of dividends to Fiskars. The dividends paid
to Fiskars totaled EUR 27.7 million (23.7). Some EUR 37.1 million of the
book value of Fiskars' holding in Wärtsilä was goodwill.

The market value of Fiskars shares in Wärtsilä was EUR 728 million at
the end of the review period.

PROFITS AND TAXES

Net financial costs for the review period were on the same level as last
year at EUR 1.7 million (1.7).

Profit before taxes totaled EUR 18.1 million (14.3). Taxes for the review
period have been calculated on the basis of the local accumulated income
and the enacted tax rates while taking into consideration the potential use
of deferred tax assets and the estimated whole-year effective tax rate.
Taxes totaled EUR 3.4 million (2.1).

The profit for the period for continuing operations was EUR 14.7 million
(12.2). Power Sentry division, divested in the summer of 2006, has been
reclassified as discontinued operations and its net profit for last year's
first quarter is  reported accordingly.
The profit for the review period was EUR 14.7 million (12.5). The
minority share was not significant. The earnings per share attributable to
equity holders of the company was EUR 0.19 (0.16).

BALANCE SHEET AND FINANCING

Total assets were EUR 691.7 million, or roughly the same as at the
beginning of the year (707.2). Changes in the balance sheet items since
the beginning of the period were minor. Liquid assets decreased as
dividends were paid at the end of the review period, while the amount of
working capital increased somewhat. Inventories and trade payables
increased with preparations for the garden season. The trade receivables
also increased as the season started early, in March rather than, as is more
often the case, in the second quarter. Dividend payout decreased liquid
assets and increased the Corporation's interest-bearing net debt to EUR
142.5 million, as compared to EUR 101.9 at the beginning of the review
period.

Net cash flow from operating activities was EUR 7.8 million (12.8). Net
cash used in investing activities totaled EUR 3.2 million (7.8).

The equity to assets ratio was 57% (60% at the beginning of the year).
Net gearing was 36% (24% at the beginning of the year).

The Corporation's financial situation and liquidity remain strong. In
addition to cash and cash equivalents, the Corporation has significant
credit facilities available.

MANAGEMENT OF RISKS AND UNCERTAINTIES

Fiskars most important operational risks relate to supply-chain control,
the potential structural changes in the retail environment and also partly to
the development of the prices of raw materials. Efforts are made in
particular to improve supply chain management and build ties to
subcontractors, as outsourcing is increased in accordance with the
Corporation's strategy. The potential structural changes in distribution
channels are seen to represent a risk mainly in the US, and operations are
required increased flexibility and ability to think ahead.

The Fiskars Corporation Board of Directors regularly rewievs the
principles for the management of financial risks and in accordance with
the Corporation's investment policy, liquid assets are only invested in
low-risk entities. Trade receivables are relatively widely spread
geographically and between customers, and major customers generally
have a high credit rating. No significant credit losses have materialized
during the review period.

The Corporation has protected a portion of its most significant foreign
currency net investments in its subsidiaries against exchange rate
fluctuations and as from January 1, 2007 it has applied hedge accounting
in accordance with IAS 39 standard to them.

REPURCHASE AND TRANSFER OF OWN SHARES

Until the Annual General Meeting held March 21, 2007, the Board of
Directors had an authorization to repurchase and decide on the
distribution of the Corporation's shares provided that the total nominal
value of such shares and the votes carried by them did not exceed ten
percent (10%) of the share capital and the total votes in the company. At
the Annual General meeting on March 21, 2007 the authorization was
renewed unchanged. The Board has not exercised its authorization during
the review period.

As at March 31, 2007, the company held in total 127,512 of its own A
shares and 420 K shares. The holding has not changed during the review
period, and the number of shares equals 0.2% of the entire share capital of
the company. The EUR 0.9 million repurchase cost of the Corporation's
own shares decreases the Corporation's equity.

SHARE PRICES

At the end of March 2007, the price of the Fiskars A share at the Helsinki
Exchanges was EUR 12.12 (12.29 at the start of the year) and the price of
the K share EUR 12.41 (12.11). The market value of the Corporation's
share capital was EUR 944 million at the end of the review period.

ANNUAL GENERAL MEETING 2007

The Annual General Meeting of shareholders on March 21, 2007 decided
to pay a dividend of EUR 0.60 per share for A shares, totaling EUR
32,890,188, and EUR 0.58 per share for K shares, totaling EUR
13,087,867, the sum total for both series of shares being EUR 45,978,055.

It was decided that the number of Board members be nine. Mr. Kaj-
Gustaf Bergh, Mr. Alexander Ehrnrooth, Mr. Paul Ehrnrooth, Mr. Ralf
Böer, Mr. David Drury, Ms. Ilona Ervasti-Vaintola, Mr. Gustaf
Gripenberg, Mr. Karl Grotenfelt, and Mr. Clas Thelin were elected to the
Board. The term of the Board members will expire at the end of the
Annual General Meeting in 2008.

KPMG Oy Ab was elected auditor.

The Annual General Meeting decided to authorize the Board to
repurchase, of the company's own shares, no more than 5,366,937 of
series A and no more than 2,256,150 of series K shares in a proportion
other than that of the shareholders' proportional shareholdings. The share
price will be no higher than the highest price paid for Fiskars Corporation
shares in public trading at the time of repurchase. This authorization shall
remain in force until the end of the next Annual General Meeting.

The Annual General Meeting authorized the Board to decide on the
distribution of the company's repurchased shares up to a maximum of
5,494,449 series A shares and up to a maximum of 2,256,570 series K
shares. The Board may decide on the distribution of the shares otherwise
than in proportion to the shareholders'existing pre-emptive subscription
rights. This authorization shall remain in force until the end of the next
Annual General Meeting.

In its organization meeting the Board elected Kaj-Gustaf Bergh its
chairman and Alexander Ehrnrooth and Paul Ehrnrooth vice chairmen.
The Board decided to establish an Audit Committee, a Compensation
Committee, and a Nomination Committee.

The Board appointed Gustaf Gripenberg chairman of the Audit
Committee, and David Drury, Ilona Ervasti-Vaintola, Alexander
Ehrnrooth and Paul Ehrnrooth as its other members.
The Board appointed Kaj-Gustaf Bergh chairman of the Compensation
Committee and Ralf Böer, Karl Grotenfelt and Clas Thelin as its other
members.
The Board appointed Kaj-Gustaf Bergh chairman of the Nomination
Committee and Alexander Ehrnrooth and Paul Ehrnrooth its other
members.

CHANGE IN OWNERSHIP STRUCTURE

In January, 2007, Turret Oy Ab notified the Corporation of a change in its
holdings. According to its statement, the company now has a holding of
10.2% of the share capital in Fiskars Corporation, with 12.1% of the
votes.

OUTLOOK

Provided the present market momentum continues, the full-year net sales
for the Fiskars wholly-owned operations will grow, and the operating
profit will exceed that of last year due to the level of sales and profits of
the first quarter as well as the restructuring measures gradually starting to
take effect. Income from associated company Wärtsilä forms a significant
part of Fiskars' annual profit.


Heikki Allonen
President and CEO



NOTES TO THE INTERIM REPORT

This interim report has been prepared in accordance with IAS 34 Interim
Financial Reporting. Using the same accounting principles and methods
of computation as for the annual financial statements for 2006 with the
exception of hedge accounting being applied on foreign currency net
investments in subsidiaries.


Use of estimates
Complying with the IFRS standards in preparing financial statements
requires the management to make estimates and assumptions. Such
estimates affect the reported amounts of assets and liabilities, the
disclosure of contingent assets and liabilities, and the amounts of
revenues and expenses. Although these estimates are based on the
management's best knowledge of current events and actions, actual
results may differ from these estimates.

IAS 39 Financial instruments - hedge accounting for foreign currency net
investments in subsidiaries
Significant equity investments in subsidiaries situated outside the Euro
zone have largely been hedged against foreign currency exchange rate
fluctuations through foreign currency loans and derivatives using the
hedge accounting to reduce the effect of exchange rate fluctuations on the
Corporation's equity. When a foreign subsidiary is sold, these translation
differences are included in the gain or loss on disposal reported in the
income statement.
The change in calculation principles resulted in a decrease in the first
quarter's equity of EUR 97,000.

Discontinued operations
The Power Sentry division was divested in the summer of 2006 and is
reported under discontinued operations. The division's net operating
profit for the first quarter of last year is reported as a separate item under
discontinued operations.

Formulas for calculation of key ratios
The key ratios presented in the interim reports have been calculated using
the same formulas as the corresponding ratios in the latest financial
statements. The formulas for calculation of ratios are available on page 36
of the Annual Report.

As of January 1, 2007, Fiskars has applied the following new or amended
IFRS standards:

IFRS 7 Financial Instruments: Disclosures. IFRS 7 requires additional
disclosures about the influence of financial instruments on the entity's
financial situation and results. Implementation will mainly influence
future Notes to the Consolidated Financial Statements and does not have
any significant impact on the interim report.

Amendment to the IAS 1 standard: Presentation of Financial Statements -
Capital Disclosures. Implementation of the amendment will mainly
influence future Notes to the Consolidated Financial Statements and does
not have any significant impact on the interim report.

IFRIC 9 Reassessment of Embedded Derivatives. The Corporation
estimates that this interpretation will not influence its consolidated
financial statements or the interim report, as no company within the
Corporation has changed contract stipulations as indicated by the
interpretation.

IFRIC 10 Interim Financial Reporting and Impairment. IFRIC 10 states
that an entity shall not reverse an impairment loss recognized in a
previous interim period in respect of goodwill or an investment in either
an equity instrument or a financial asset carried at cost. The Corporation
estimates that this interpretation will not influence its consolidated
financial statements or its interim report.





CONSOLIDATED INCOME STATEMENT        1-3    1-3    chg   1-12
                                    2007   2006      %   2006
                                    MEUR   MEUR          MEUR

NET SALES                          152.0  139.0      9  534.9

Cost of goods sold                -103.6  -97.5      6 -375.4
GROSS PROFIT                        48.4   41.5     17  159.6

Other operating income               0.9    0.1           1.3
Sales and marketing expenses       -21.3  -19.3     10  -73.3
Administration expenses            -13.2  -13.0      2  -45.3
Research and development costs      -1.5   -1.5     -2   -6.1
Other operating expenses            -0.5   -0.6    -23   -9.0
Income from associate                6.9    8.8    -21   58.6
OPERATING PROFIT                    19.8   16.0     24   85.8

Financial income                     0.7    0.7     -9    1.8
Financial expenses                  -2.4   -2.4     -3  -10.9
PROFIT BEFORE TAXES                 18.1   14.3     27   76.7

Income taxes                        -3.4   -2.1     67   -9.8
PROFIT FROM CONTINUING OPERATIONS   14.7   12.2     20   66.9

Profit from discontinued oper.              0.3          15.2
PROFIT (LOSS) FOR THE PERIOD        14.7   12.5     17   82.0

Minority share                       0.0                  0.0
PROFIT FOR ORDINARY SHAREHOLDERS    14.7   12.5     17   82.0

Earnings for ordinary shareholders
per share, euro                     0.19   0.16          1.06
  continuing operations             0.19   0.16          0.86
  discontinued operations                  0.00          0.20

Earnings per share is undiluted. The company has no open option programs or
other
earnings diluting financial instruments.

CURRENCY RATES                       1-3    1-3    chg   1-12
                                    2007   2006      %   2006
USD average rate (I/S)              1.31   1.20      9   1.26
USD end-of-period (B/S)             1.33   1.21     10   1.32


CONSOLIDATED BALANCE SHEET                 3/07   3/06    chg  12/06
                                           MEUR   MEUR      %   MEUR
ASSETS

NON-CURRENT ASSETS
Intangible assets                          18.4   12.9     42   19.2
Goodwill                                   21.9   12.5     75   22.4
Tangible assets                            96.9  106.6     -9   98.7
Biological assets                          36.8   29.9     23   35.0
Investment property                         8.6    9.2     -7    8.7
Investment in associate                   219.9  223.7     -2  239.1
Other shares                                5.3    5.5     -3    5.0
Other investments                           1.5    1.3     15    1.5
Other long-term tax receivables             5.3    9.1    -42    5.5
Deferred tax assets                        24.7   34.4    -28   24.9
NON-CURRENT ASSETS TOTAL                  439.3  445.0     -1  460.0

CURRENT ASSETS TOTAL
Inventories                               118.1  126.7     -7  114.6
Trade receivables                         118.7  115.6      3   82.7
Other receivables                           5.7    8.9    -36    5.0
Cash in hand and at bank                   10.0    6.1     64   44.9
CURRENT ASSETS TOTAL                      252.4  257.4     -2  247.2

ASSETS TOTAL                              691.7  702.4     -2  707.2

EQUITY AND LIABILITIES

EQUITY                                    390.7  387.0      1  421.8

NON-CURRENT LIABILITIES
Interest bearing debt                     132.9  139.4     -5  120.7
Non-interest bearing debt                   3.1    2.7     17    2.6
Deferred tax liabilities                   21.1   17.8     19   20.8
Pension liability                          12.4   15.2    -18   12.8
Provisions                                  3.4    2.6     29    4.2
NON-CURRENT LIABILITIES TOTAL             173.0  177.7     -3  161.1

CURRENT LIABILITIES
Interest bearing debt                      19.5   32.9    -41   26.1
Trade payable and
other non-interest bearing debt           101.6   99.7      2   92.6
Income tax payable                          6.9    5.1     35    5.7
CURRENT LIABILITIES TOTAL                 128.1  137.7     -7  124.4

EQUITY AND LIABILITIES TOTAL              691.7  702.4     -2  707.2


CONSOLIDATED STATEMENT                      1-3    1-3   1-12
OF CASH FLOWS                              2007   2006   2006
                                           MEUR   MEUR   MEUR
CASH FLOWS FROM OPERATING ACTIVITIES
Net profit before taxes                    18.1   14.3   76.7
Adjustments for
  Depreciation                              5.2    6.5   28.6
  Income from associate                    -6.9   -8.8  -58.6
  Investment income                        -0.3   -0.6   -0.8
  Interest expense                          2.0    2.3    9.9
  Chg in value of biological assets        -1.8    0.1   -5.0
Cash generated before working capital ch   16.3   13.7   50.8

Change in working capital
  Change in interest free assets          -37.2  -27.8   -5.4
  Change in inventories                    -4.2    0.5    7.6
  Change in interest free liabilities       8.1    6.0    7.6
Cash generated before financing and taxe  -17.1   -7.6   60.6

Dividends from associate                   27.7   23.7   47.5
Dividends received, other                                 3.6
Financial costs paid (net)                 -1.3   -1.5   -7.4
Taxes paid                                 -1.5   -1.8   -5.1
NET CASH FROM OPERATING ACTIVITIES A        7.8   12.8   99.0

CASH FLOWS FROM INVESTING ACTIVITIES
Acquisitions                                            -26.0
Capital expenditure                        -3.3   -3.1  -19.3
Proceeds from sale of fixed assets          0.1    0.0    5.4
Sale of other l/t investments               0.1    0.1    2.2
Purchase of other l/t investments          -0.1   -5.2   -5.3
Cash flow from discontinued operations             0.3   33.0
NET CASH USED IN INVESTING ACTIVITIES B    -3.2   -7.8  -10.1

CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from l/t borrowings                      15.0   15.0
Repayment of l/t borrowings                -0.1   -4.2   -4.6
Proceeds from (payment) of) s/t borrowin    6.8    0.8  -21.4
Payment of financial leases liabilities    -0.7   -0.7   -2.8
Cash flows from other financing items       0.6    0.1    0.1
Dividends paid                            -46.0  -34.4  -57.1
NET CASH USED IN FINANCING ACTIVITIES C   -39.4  -23.4  -70.8

CHANGE IN CASH (A+B+C)                    -34.8  -18.4   18.2

Cash at beginning of period                44.9   21.7   21.7
Translation difference                     -0.1    2.8    5.0
Cash at end of period                      10.0    6.1   44.9


STATEMENT OF CHANGES IN          Equity holders of the parent companMinorit  Total
SHAREHOLDERS' EQUITY                             Other              interest
                                   Share    Own reser-Transl.Retain.
                                 capital shares    vesadjustm  earn.
                                    MEUR   MEUR   MEUR   MEUR   MEUR   MEUR   MEUR
Dec 31, 2005                        77.5   -0.9   24.7    1.2  300.3    0.0  402.7
Translation differences                                  -0.6                 -0.6
Change in fair value reserve, associate            6.6                         6.6
Other changes in associate                                0.1    0.0           0.1
NET INCOME RECOGNISED DIRECTLY IN EQUITY           6.6   -0.5    0.0    0.0    6.1
Net profit for the period                                       12.5          12.5
TOTAL RECOGNISED INCOME AND
EXPENSE FOR THE PERIOD                             6.6   -0.5   12.5    0.0   18.6
Dividend distribution                                          -34.4         -34.4
Mar 31, 2006                        77.5   -0.9   31.3    0.7  278.4    0.0  387.0
Translation differences                                  -1.4                 -1.4
Change in fair value reserve, associate           -9.8                        -9.8
Other changes in associate                               -0.8   -0.1          -0.9
Other changes                                                           0.0    0.0
NET INCOME RECOGNISED DIRECTLY IN EQUITY          -9.8   -2.2   -0.1    0.0  -12.0
Net profit for the period                                       69.5    0.0   69.5
TOTAL RECOGNISED INCOME AND
EXPENSE FOR THE PERIOD                            -9.8   -2.2   69.4    0.0   57.5
Dividend distribution                                          -22.8         -22.8
Dec 31, 2006                        77.5   -0.9   21.6   -1.5  325.0    0.0  421.8
Translation differences                                  -1.1                 -1.1
Change in fair value reserve, associate            1.3                         1.3
Other changes in associate                                0.2                  0.2
Cash flow hedges after taxes                      -0.1                        -0.1
NET INCOME RECOGNISED DIRECTLY IN EQUITY           1.2   -1.0    0.0    0.0    0.3
Net profit for the period                                       14.7    0.0   14.7
TOTAL RECOGNISED INCOME AND
EXPENSE FOR THE PERIOD                             1.2   -1.0   14.7    0.0   14.9
Dividend distribution                                          -46.0         -46.0
Mar 31, 2007                        77.5   -0.9   22.8   -2.4  293.7    0.0  390.7

Fiskars shares of associated company Wärtsilä's fair value reserve and its
changes are specified in the other reserves above.



KEY FIGURES                         3/07   3/06    chg  12/06
                                                     %
Equity/share, euro                  5.05   5.00      1   5.45
Equity ratio                         57%    55%           60%
Net gearing                          36%    43%           24%
Equity, meur                       390.7  387.0      1  421.8
Net interest bear.debt, meur       142.5  166.2    -14  101.9
Average number of employees         3018   3231     -7   3167
Number of employees eop             3041   3251     -6   3003


SEGMENT INFORMATION                  1-3    1-3    chg   1-12
NET SALES                           2007   2006      %   2006
                                    MEUR   MEUR          MEUR
Fiskars Brands                     136.9  128.0      7  489.9
Inha Works                          12.7   10.3     23   37.2
Real Estate                          3.1    1.1    169   10.3
Unallocated and eliminations        -0.6   -0.5     25   -2.4
CORPORATE TOTAL                    152.0  139.0      9  534.9

Export from Finland                 20.8   17.8     17   58.9


SEGMENT INFORMATION                  1-3    1-3          1-12
RESULT                              2007   2006          2006
                                    MEUR   MEUR          MEUR
Fiskars Brands                      11.2    7.7          21.1
Inha Works                           1.6    1.1           3.7
Real Estate                          2.1    0.1           7.6
Associate Wärtsilä                   6.9    8.8          58.6
Unallocated and eliminations        -2.0   -1.7          -5.2
OPERATING PROFIT                    19.8   16.0          85.8


SEGMENT INFORMATION                  1-3    1-3          1-12
DEPRECIATIONS                       2007   2006          2006
                                    MEUR   MEUR          MEUR
Fiskars Brands                       4.5    5.8          25.8
Inha Works                           0.3    0.3           1.2
Real Estate                          0.4    0.3           1.4
Unallocated and eliminations         0.1    0.0           0.1
CORPORATE TOTAL                      5.2    6.5          28.6


SEGMENT INFORMATION                  1-3    1-3          1-12
CAPITAL EXPENDITURE                 2007   2006          2006
                                    MEUR   MEUR          MEUR
Fiskars Brands                       2.5    2.2          37.5
Inha Works                           0.6    0.2           1.2
Real Estate                          0.3    0.7           1.9
Unallocated and eliminations         0.1    0.0           0.3
CORPORATE TOTAL                      3.6    3.1          40.8


GEOGRAPHICAL SEGMENT                 1-3    1-3    chg   1-12
NET SALES BASED ON CUSTOMER         2007   2006      %   2006
LOCATION                            MEUR   MEUR          MEUR
Europe                              83.7   68.7     22  256.2
USA                                 56.7   60.8     -7  235.2
Rest of the world                   11.6    9.5     22   43.5
CORPORATE TOTAL                    152.0  139.0      9  534.9

Short delivery times are a prerequisite in Fiskars' fields of operations.
Therefore, the backlog of orders and changes in it are not of
significant importance.


CONTINGENCIES AND PLEDGED ASSETS           3/07   3/06  12/06
                                           MEUR   MEUR   MEUR
AS SECURITY FOR OWN COMMITMENTS
Discounted bills of exchange                         0      0
Lease commitments                            18     21     19
Other contingencies                           8      1      9
TOTAL                                        25     22     28

GUARANTEES AS SECURITY FOR
THIRD-PARTY COMMITMENTS
Real estate mortgages                         2      2      2

TOTAL PLEDGED ASSETS AND CONTINGENCIES       27     24     30


NOMINAL AMOUNTS OF DERIVATIVES

Forward exchange contracts                   98    111     94
Currency options                                     4

MARKET VALUE VS. NOMINAL AMOUNTS
OF DERIVATIVES

Forward exchange contracts                    0      1      0
Currency options                                     0

Forward exchange contracts have been valued at market in the financial
statements.