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.
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.