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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     Interim Report     August 6, 2009 at 8.30 AM

FISKARS INTERIM REPORT JANUARY-JUNE 2009
Strong cash flow, satisfactory business performance in difficult market
environment

Second quarter 2009 highlights:
- Net sales decreased 4% to EUR 179.6 million (187.3)
- Operating profit was EUR 12.6 million (16.7)
- Non-recurring items in operating profit totaled -0.4 million (+1.0)
- Earnings per share were EUR 0.29 (0.34)
- Cash flow from operating activities was EUR 32.2 million (18.9, excluding
  Wärtsilä dividend of 67.2 m)
- Outlook for 2009 unchanged

Fiskars President and CEO, Kari Kauniskangas:
"The market situation continued weak in the second quarter of 2009. Fiskars'
net sales and operating profit decreased mostly due to weak performance in the
Outdoor business area in Europe. On the other hand, our European Garden
business developed well during the quarter.

Our business in the Americas remained strong, and the segment's operating
profit improved. This proves that our efforts in improving the efficiency have
been successful. Furthermore, continued focus on the inventory levels resulted
in an improved cash flow.

We expect the uncertain market development to continue in the third quarter of
2009, and keep our outlook for the full-year 2009 unchanged."

GROUP KEY FIGURES

EUR million                 Q2      Q2  Change   Q1-Q2   Q1-Q2  Change   Q1-Q4
                          2009    2008       %    2009    2008       %    2008

Net sales                179.6   187.3     -4%   346.8   362.0     -4%   697.0
Operating profit (EBIT)   12.6    16.7    -25%    21.2    21.7     -2%     6.0
Share of profit from
associate                 16.7    16.2      3%    32.0    29.8      7%    70.5
Change in the fair
value of biological
assets                     0.0     2.1    -99%    -0.2    -2.8    -92%    -5.6
Profit before taxes       24.2    30.5    -21%    42.6    38.9      9%    51.5
Profit for the period     22.6    26.6    -15%    39.6    36.0     10%    49.2
Earnings per share, EUR   0.29    0.34    -15%    0.51    0.47     10%    0.64
Equity per share, EUR                             5.86    5.76      2%    5.77
Cash flow from
operating activities      32.2    86.1*   -63%    47.4**  52.2*    -9%    97.0
Equity ratio, %                                    47%     45%             46%
Net gearing, %                                     69%     77%             69%

* Incl. Wärtsilä dividend of EUR 67.2 m in 2008
**  Incl. Wärtsilä dividend of EUR 25.3 m in 2009


Further information:
President and CEO Kari Kauniskangas, tel. +358 9 6188 6222
CFO Teemu Kangas-Kärki, tel. +358 9 6188 6231


FISKARS INTERIM REPORT JANUARY-JUNE 2009
(IFRS, unaudited)

GROUP IN Q2 2009
Fiskars' net sales in April-June 2009 decreased by 4% to EUR 179.6 million (Q2
2008: EUR 187.3 million). At comparable currency rates, the Group's sales
decreased by 5%.

The Group's operating profit decreased by 25% to EUR 12.6 million, and includes
EUR 0.4 million of non-recurring costs (16.7, includes non-recurring income of
EUR 1.0 million).

In the second quarter, Fiskars' share of profit from associated company
Wärtsilä was EUR 16.7 million (16.2), and the change in the fair value of
biological assets (i.e. standing timber) was EUR 0.03 million (2.1). From the
beginning of 2009 onwards, these items have not been included in the operating
profit.

Net financial costs were EUR 5.1 million (4.5). Profit before taxes was
EUR 24.2 million (30.5). The profit for the quarter was EUR 22.6 million
(26.6), and earnings per share were EUR 0.29 (0.34).

GROUP IN JANUARY-JUNE 2009
The Group's net sales in the first half of 2009 decreased by 4% to EUR 346.8
million (Q1-Q2 2008: EUR 362.0 million). At comparable currency rates, the
sales decreased by 5%.

The operating profit decreased by 2% to EUR 21.2 million, and includes EUR 0.5
million of non-recurring costs (21.7, includes non-recurring costs of EUR 0.7
million).

Fiskars' share of profit from associated company Wärtsilä was EUR 32.0 million
(29.8), and the change in the fair value of standing timber was EUR -0.2
million (-2.8).

Net financial costs were EUR 10.4 million (9.8). Profit before taxes was EUR
42.6 million (38.9). The profit for the period was EUR 39.6 million (36.0), and
earnings per share were EUR 0.51 (0.47).

OPERATING SEGMENTS AND BUSINESS AREAS
Fiskars' operating segments are EMEA (Europe, Middle East, and Asia-Pacific),
Americas, Wärtsilä (associated company), and Other. The business areas are
Home, Garden, Outdoor, and Other. The Home business area includes Homeware as
well as School, Office, and Craft (SOC). Boats are included in the Outdoor
business area. Other covers Real Estate and corporate headquarter functions.

EUR million                      Q2     Q2 Change  Q1-Q2  Q1-Q2 Change  Q1-Q4
                               2009   2008      %   2009   2008      %   2008
KEY OPERATING SEGMENTS
EMEA, net sales               116.5  130.5   -11%  227.8  257.9   -12%  491.3
EMEA, operating profit          5.4   11.0   -51%   10.1   15.3   -34%   21.7*
Americas, net sales            65.9   58.9    12%  124.5  110.7    12%  216.5
Americas, operating profit     10.5    6.7    56%   17.1    8.8    94%   -4.0**

KEY BUSINESS AREAS
Home, net sales                67.9   74.9    -9%  131.9  142.0    -7%  316.8
Garden, net sales              80.0   75.7     6%  148.6  146.8     1%  231.2
Outdoor, net sales             31.2   36.2   -14%   64.7   71.3    -9%  145.2

*)  Includes non-recurring costs of EUR 9.3 million
**) Includes non-recurring costs of EUR 19.5 million
    In addition, Other includes EUR 6.1 million non-recurring costs in 2008.


EMEA IN Q2 2009
Net sales in EMEA decreased 11% to EUR 116.5 million (130.5). Currency
fluctuations, mainly the Swedish krona and the British pound, continued to
negatively affect sales in all business areas. At comparable currency rates,
sales were down 7%. The operating profit was EUR 5.4 million (11.0).

Net sales of the Home business area were down in a challenging market, although
sales developed fairly well in the largest markets of Finland and Sweden.
Operating profit decreased due to lower sales volumes and a lower-margin
product mix.

In the Garden business area, good demand for Fiskars branded garden tools
positively impacted the net sales. The market for construction tools is still
weak, and affects the business area's performance. However, operating profit
increased from the previous year due to product mix and increased efficiency.

Outdoor business area's net sales declined as general market conditions
remained challenging in particular for boats. Boat registrations have continued
to fall in Scandinavia, and Fiskars' sales for boats remained weak during the
quarter. Outdoor equipment sales for corporate gifts and export markets
decreased from the previous year. The operating loss for the business area was
mainly due to the write-downs of EUR 1.9 million in the boat business.

AMERICAS IN Q2 2009
Net sales in the Americas increased 12% to EUR 65.9 million (58.9). In USD
terms, sales decreased 3% to USD 89.7 million (92.0). The operating profit was
EUR 10.5 million (6.7).

The Garden sales were up, mostly due to strong performance in Canada. Higher
sales volumes together with lower raw material prices and reduced fixed costs
positively impacted the operating profit.

Sales of School, Office, and Craft (SOC) products remained weak, but the lost
sales volume was offset by savings in streamlined operations.

Net sales and operating profit in Outdoor Americas were both slightly below the
previous year's figures. The business developed well in the US whereas the
Canadian and export sales were down from 2008.

OTHER IN Q2 2009
Fiskars' Other segment covers the Real Estate Unit and corporate headquarter
functions. Net sales for the segment were EUR 1.1 million (1.3). The operating
profit was EUR -3.3 million (-1.0).

WÄRTSILÄ
Fiskars owns 17.1% of the shares and votes of its associated company Wärtsilä
Corporation. In the second quarter, Fiskars' share of Wärtsilä's profit totaled
EUR 16.7 million (16.2).

The market value of Fiskars' Wärtsilä shares was EUR 386.5 million at the end
of June (673.0), with a share price EUR 22.94 per share. The book value of the
shares was EUR 275.6 million (237.9).

FINANCING
Cash flow from operating activities was EUR 32.2 million (86.1, includes
dividends of EUR 67.2 million from Wärtsilä) in the second quarter. This year
the Wärtsilä dividend was received during the first quarter. Cash flow from
investing activities was EUR -3.3 million (-8.4) and cash flow after investing
activities was EUR 28.8 million (77.7) in the second quarter.

Fiskars' net working capital was EUR 152.0 million (189.6) at the end of June.
The equity ratio was 47% (45%) and net gearing 69% (77%).

Cash and deposits at the end of June were EUR 10.0 million (13.1). Net
interest-bearing debt amounted to EUR 308.4 million (341.6 million), which was
EUR 1.5 million lower compared to the 2008 year-end figure. Short-term
borrowings totaled EUR 228.1 million (194.2) and long-term borrowings EUR 93.1
million (160.5). Short-term borrowings are mainly commercial papers issued by
Fiskars Corporation. In addition, Fiskars had EUR 415.0 million (425.0) in
unused, binding long-term credit facilities, mainly with major Nordic banks.
The financial market crisis has not significantly affected the Group's
financing.

CAPITAL EXPENDITURE
Capital expenditure during the second quarter was EUR 4.0 million (9.7). The
majority of the investments were replacement investments for on-going business.
The capital expenditure totaled EUR 8.0 million (15.4) in the first half of the
year.

PERSONNEL
The Group employed 3,823 people (4,395) as of the end of June: 3,075 (3,439)
people in EMEA, 681 (898) in the Americas, and 67 (58) in Other. Redundancies
and temporary lay-offs took place in several units across the organization
during the quarter, and personnel number fell by 193 people, in particular in
Homeware plants in Finland and in the U.S. in both Garden & SOC and Outdoor
business areas. The average number of personnel in the first half of the year
was 3,982 (4,375).

CORPORATE GOVERNANCE
Fiskars complies with the Finnish Corporate Governance Code issued by the
Securities Market Association, which came into force on January 1, 2009.

Fiskars also complies with the insider regulations of NASDAQ OMX Helsinki
adopted on June 2, 2008, and internal insider guidelines latest updated on
August 5, 2008.

EXTRAORDINARY GENERAL MEETING 2009
Fiskars' Extraordinary General Meeting was held on June 5 in Helsinki, Finland.
The meeting resolved to approve the Board's proposal concerning the combination
of Fiskars' series A and K shares, a directed free share issue to the holders
of series K shares, the amendments to the articles of association, and the
merger plan between the company and Agrofin Oy Ab, the largest single
shareholder of Fiskars.

The meeting also resolved in accordance with the Board's proposals to authorize
the Board to acquire and/or convey the company's own shares, altogether no more
than 4,020,000 shares. The Board may decide on the conveyance of the shares
otherwise than in proportion to the shareholders pre-emptive subscription
rights. These authorizations were conditional upon the registration of the
combination of the share series and the related amendments of the articles of
association which took place in July 2009. The authorizations will be in force
until the end of the next Annual General Meeting.

SHARE AND SHAREHOLDERS
Fiskars Corporation had two series of shares as of the end of reporting period.
Series A shares carried one vote per share, and Series K shares carried 20
votes per share. There were 54,944,492 Series A shares (71% of shares and 11%
of votes) and 22,565,708 Series K shares (29% and 89% respectively), in total
77,510,200 shares and 506,258,652 votes as of the end of June. The share series
were combined in July 2009, based on the resolution of the Extraordinary
General Meeting held on June 5, 2009.

The share capital was EUR 77,510,200, with a book counter value of EUR 1.00 per
share. The company owned treasury shares of 112,115 Series A shares and 420
Series K shares, corresponding to 0.15% of the Corporation's shares and 0.02%
of votes as of the end of June.

Fiskars' shares are traded in the Large Cap segment of NASDAQ OMX Helsinki Ltd.
At the end of June, the price of one Series A share was EUR 8.35 (10.90) and
the price of one Series K share was EUR 10.11 (13.00). The market value of
Fiskars, excluding treasury shares, was EUR 686.0 million. The number of shares
traded during the quarter was 1.1 million (1.4), and 1.6 million (2.9) during
January-June.

The total number of Fiskars shareholders was 10,866 as of the end of period.
Fiskars was informed in June that the holdings of Robert G. Ehrnrooth had
fallen below the threshold of 1/10 (10%) as he no longer has control in Turret
Oy Ab due to the amendment of the Articles of Association of the company. The
arrangement did not have effect on the holding of Turret Oy Ab in Fiskars,
which remains in 10.17% of shares and 12.08% of votes as of June 15, 2009.

RISKS AND BUSINESS UNCERTAINTIES
The downturn in the economy has increased uncertainties that may affect
Fiskars' net sales and financial performance in 2009.

The principal uncertainties are related to:
- General market conditions and a potential further decline in consumer
  demand in Fiskars' significant market areas in Europe and North America
- Loss of or reduced sales of major retail customers, retailers' financial
  difficulties, and disruptions in the activities of a specialized
  distribution channel
- Availability of products due to supply chain issues
- Unexpected weather conditions in the Garden business area and seasonal
  variations, especially in the Home business area which is heavily geared
  towards the end of the year
- Sudden fluctuations in raw material and energy prices; the most important raw
  materials being steel, aluminum, and plastic
- Major changes in profitability or ability to pay a dividend of the associated
  company Wärtsilä.

Risks and how Fiskars manages them are described in more detail in Fiskars'
Annual Report for 2008 (see Pages 28 and 72-73).

EVENTS AFTER THE REVIEW PERIOD
With reference to the decisions of the Extraordinary General Meeting on June 5,
2009, the combination of the share series, the directed free share issue to the
holders of series K shares, and the amendments to the articles of association
were registered with the Finnish Trade Register on July 30. In the directed
free share issue, the holders of series K shares received one share free of
charge for each five series K shares.

The execution of the merger of Fiskars and Agrofin as well as the share issue
for the payment of the merger consideration were registered with the Finnish
Trade Register on July 31. The Board of Directors of Fiskars decided to cancel
the 11,863,964 shares that were transferred to Fiskars as a result of the
execution of merger. The cancellation was registered on August 3.

The record date for the combination of the share series and for the directed
free share issue was July 30. The new single class shares (FIS1V) became
subject to public trading as of July 31. The new shares issued as merger
consideration became subject to public trading as of August 3.

As of today, Fiskars Corporation has only one series of shares. All shares
carry one vote each and equal rights. The total number of shares is 82,023,341.
The company owns 112,619 treasury shares, corresponding to 0.14% of the
Corporation's shares and votes.

The combination of share series and the merger of Agrofin and Fiskars led to
the following changes among the largest Fiskars shareholders: the voting rights
of Virala Oy Ab fell below the 3/20 (15%) threshold, holdings of Elsa Fromond
together with the company Holdix Oy Ab in which she has a controlling interest
exceeded the 1/10 (10%) threshold, and the voting rights of Oy Julius Tallberg
Ab fell below the 1/20 (5%) threshold.

OUTLOOK FOR 2009
The market outlook is expected to remain uncertain during the second half of
2009 and both the North American and European markets are likely to continue
facing challenges. Consumer demand is expected to be weaker than in 2008, and
this will have an impact on Fiskars' net sales.

The Corporation has restructured its organization and is reducing its cost base
to meet projected consumer demand in 2009 and ensure Fiskars' competitiveness.
A clear business focus on specialized business areas and brands, together with
new product development will continue to be key success factors in a
challenging market environment.

Fiskars' outlook for 2009 remains unchanged: full-year net sales in 2009 are
expected to be below the 2008 sales. Operating profit excluding non-recurring
items is expected to be lower than in 2008.

Associated company Wärtsilä will continue to have a major impact on Fiskars'
profit and cash flow in 2009.


Fiskars, Finland, August 5, 2009

Fiskars Corporation
Board of Directors



CONSOLIDATED INCOME STATEMENT      4-6    4-6 change    1-6    1-6 change   1-12
                                  2009   2008      %   2009   2008      %   2008
                                  MEUR   MEUR          MEUR   MEUR          MEUR

NET SALES                        179.6  187.3     -4  346.8  362.0     -4  697.0

Cost of goods sold              -120.3 -123.3     -3 -232.1 -242.6     -4 -483.5
GROSS PROFIT                      59.4   63.9     -7  114.7  119.4     -4  213.5

Other operating income             0.4    0.8    -49    1.1    1.3    -13    2.9
Sales and marketing expenses     -28.1  -32.7    -14  -58.0  -65.9    -12 -129.8
Administration expenses          -15.4  -14.2      8  -30.6  -29.6      4  -54.4
Research and development costs    -2.5   -1.9     32   -4.5   -3.9     15   -8.4
Other operating expenses          -1.2    0.8      0   -1.3    0.5      0  -17.8
OPERATING PROFIT (EBIT)           12.6   16.7    -25   21.2   21.7     -2    6.0

Change in fair value of
biological assets                  0.0    2.1    -99   -0.2   -2.8    -92   -5.6
Share of profit from associate    16.7   16.2      3   32.0   29.8      7   70.5
Other financial income
and expenses                      -5.1   -4.5     15  -10.4   -9.8      7  -19.4
PROFIT BEFORE TAXES               24.2   30.5    -21   42.6   38.9      9   51.5

Income taxes                      -1.6   -3.9          -3.0   -2.9          -2.3
PROFIT FOR THE PERIOD             22.6   26.6    -15   39.6   36.0     10   49.2

Attributable to:
Owners of the Company             22.6   26.6    -15   39.7   36.0     10   49.3
Non-controlling interest           0.0    0.0           0.0    0.0          -0.1
                                  22.6   26.6          39.6   36.0          49.2

Earnings for owners of the Company
per share, euro (basic)           0.29   0.34          0.51   0.47          0.64

Earnings per share, euro (diluted)0.29   0.34          0.51   0.47          0.64



OTHER COMPREHENSIVE INCOME                       4-6    4-6    1-6    1-6   1-12
                                                2009   2008   2009   2008   2008
                                                MEUR   MEUR   MEUR   MEUR   MEUR

PROFIT FOR THE PERIOD                           22.6   26.6   39.6   36.0   49.2

Translation differences                         -3.6   -0.5    0.2   -7.4   -1.9
Change in associate recognized
directly in equity                               5.1   -4.2    5.4   -2.2  -18.1
Equity net investment hedges after tax           2.0   -0.1    0.5    2.7    0.7
Defined benefit plan, actuarial
gains (losses), net of tax                       0.0   -0.1   -0.5   -0.1   -0.2
Other changes                                    0.0    0.1    0.0    0.2    0.2
OTHER COMPREHENSIVE INCOME
FOR THE PERIOD, NET OF TAX, IN TOTAL             3.6   -4.8    5.6   -6.8  -19.3

TOTAL COMPREHENSIVE INCOME
FOR THE PERIOD                                  26.2   21.8   45.3   29.2   29.9

Attributable to:
Owners of the Company                           26.2   21.8   45.3   29.2   30.0
Non-controlling interest                         0.0    0.0    0.0    0.0   -0.1
                                                26.2   21.8   45.3   29.2   29.9



CONSOLIDATED BALANCE SHEET                           6/2009 6/2008 change12/2008
                                                       MEUR   MEUR      %   MEUR
ASSETS

NON-CURRENT ASSETS
Intangible assets                                     128.0  133.3     -4  131.0
Goodwill                                               99.7   99.2      1   99.2
Property, plant & equipment                           108.2  117.5     -8  113.2
Biological assets                                      39.0   42.1     -7   39.3
Investment property                                     7.8    8.1     -4    7.7
Investments in associates                             275.6  237.9     16  263.5
Financial assets
  Shares at fair value through profit and loss          2.8    3.0     -7    2.9
  Other investments                                     2.1    2.6    -19    2.2
Deferred tax assets                                    22.3   21.9      2   21.7
NON-CURRENT ASSETS TOTAL                              685.5  665.3      3  680.6

CURRENT ASSETS
Inventories                                           145.6  175.1    -17  159.8
Trade and other receivables                           116.1  138.8    -16  109.6
Income tax receivables                                  7.2    6.5     11    8.4
Cash and cash equivalents                              10.0   13.1    -23   11.3
CURRENT ASSETS TOTAL                                  279.0  333.4    -16  289.0

Assets held for sale                                           1.1

ASSETS TOTAL                                          964.5  999.9     -4  969.7

EQUITY AND LIABILITIES

Equity attributable to the
Owners of the Company                                 453.8  445.9      2  446.7
Non-controlling interest                                0.0    0.0           0.0
EQUITY TOTAL                                          453.8  446.0      2  446.7

NON-CURRENT LIABILITIES
Interest bearing debt                                  93.1  160.5    -42  137.5
Other liabilities                                       1.2    1.8    -31    1.4
Deferred tax liabilities                               48.2   50.6     -5   49.3
Pension liability                                       9.4    8.7      8    9.2
Provisions                                             11.4    5.7     99   13.4
NON-CURRENT LIABILITIES TOTAL                         163.4  227.3    -28  210.8

CURRENT LIABILITIES
Interest bearing debt                                 228.1  194.2     17  183.7
Trade and other payables                              111.4  127.0    -12  121.9
Income tax payable                                      7.8    5.5     41    6.6
CURRENT LIABILITIES TOTAL                             347.3  326.6      6  312.2

EQUITY AND LIABILITIES TOTAL                          964.5  999.9     -4  969.7


CONSOLIDATED STATEMENT                           4-6    4-6    1-6    1-6   1-12
OF CASH FLOWS                                   2009   2008   2009   2008   2008
                                                MEUR   MEUR   MEUR   MEUR   MEUR
CASH FLOW FROM OPERATING ACTIVITIES
Profit before taxes                             24.2   30.4   42.6   38.9   51.5
Adjustments for
  Depreciation                                   8.5    6.5   15.3   13.1   32.9
  Share of profit from associate               -16.7  -16.2  -32.0  -29.8  -70.5
  Investment income                              0.0   -0.3    0.0   -0.2   -1.0
  Interest expenses                              5.2    4.8   10.4   10.0   20.4
  Change in fair value of biological assets      0.0   -2.1    0.2    2.8    5.6
  Other non-cash items                          -3.6          -4.0
Cash flow before changes in working capital     17.5   23.2   32.7   34.8   39.0

Changes in working capital
  Change in current assets,
  non-interest bearing                          12.9    6.5  -12.2  -21.1   10.9
  Change in inventories                         17.1    2.4   17.6   -5.2   10.6
  Change in current liabilities,
  non-interest bearing                          -6.7   -4.7   -4.9   -7.8   -7.5
Cash flow from operating activities
before financial items and taxes                40.8   27.4   33.2    0.7   53.0

Dividends from associate                               67.2   25.3   67.2   67.2
Financial costs paid (net)                      -5.8   -6.1  -10.3  -11.1  -18.0
Taxes paid                                      -2.9   -2.4   -0.8   -4.7   -5.2
CASH FLOW FROM OPERATING ACTIVITIES (A)         32.2   86.1   47.4   52.2   97.0

CASH FLOW FROM INVESTING ACTIVITIES
Acquisitions                                    -0.2   -3.1   -0.2   -3.1   -3.1
Capital expenditure on fixed assets             -3.8   -6.4   -7.9  -12.4  -25.4
Proceeds from sale of fixed assets               0.6    0.4    0.7    0.8    4.1
Cash flow from other investments                 0.1    0.6    0.1   -0.1   -1.4
CASH FLOW FROM INVESTING ACTIVITIES (B)         -3.3   -8.4   -7.2  -14.7  -25.8

CASH FLOW FROM FINANCING ACTIVITIES
Sell of treasury shares                                               0.2    0.2
Borrowings of non-current debt                                40.0   37.5   62.2
Repayment of non-current debt                  -50.1   -0.1  -65.8   -0.1   -0.1
Change in current debt                          15.3  -45.1   25.3  -33.3  -85.6
Payment of financial leases liabilities         -0.6   -3.5   -1.2   -1.7   -3.4
Cash flow from other financing items            -0.7    0.4   -1.6   -1.0   -3.5
Dividends paid                                        -61.5  -38.2  -61.5  -61.5
CASH FLOW FROM FINANCING ACTIVITIES (C)        -36.1 -109.7  -41.5  -60.0  -91.7

CHANGE IN CASH (A+B+C)                          -7.3  -32.1   -1.4  -22.5  -20.5

Cash at beginning of period                     17.3   43.1   11.3   34.5   34.5
Translation difference                           0.1    2.0    0.1    1.1   -2.8
Cash at end of period                           10.0   13.1   10.0   13.1   11.3



STATEMENT OF CHANGES IN        Equity attributable to the         Non-con  Total
CONSOLIDATED EQUITY            owners of the Company:             rolling
                                        Trea- Cumul.              interest
                                 Share  sury transl. Retain.
                               capital shares  diff.  earn.
                                  MEUR   MEUR   MEUR   MEUR          MEUR   MEUR

Dec 31, 2007                      77.5   -0.9   -9.3  410.5           0.5  478.3

Total comprehensive income for
the period                                0.1   -4.7   34.2          -0.5   29.2
Dividends paid                                        -61.5                -61.5

Jun 30, 2008                      77.5   -0.8  -14.0  383.3           0.0  446.0

Total comprehensive income for
the period                                0.0   -2.4    3.2          -0.1    0.7

Dec 31, 2008                      77.5   -0.8  -16.5  386.5           0.0  446.7

Total comprehensive income for
the period                                       3.0   42.3           0.0   45.3
Dividends paid                                        -38.2                -38.2
Acquisition of non-controlling interest                               0.1    0.1

Jun 30, 2009                      77.5   -0.8  -13.4  390.5           0.0  453.8



KEY FIGURES                                          6/2009 6/2008 change12/2008
                                                                        %
Equity/share, euro                                     5.86   5.76      2   5.77
Equity ratio                                            47%    45%           46%
Net gearing                                             69%    77%           69%
Equity, EUR million                                   453.8  446.0      2  446.7
Net interest bearing debt, EUR million                308.4  341.6    -10  309.9
Average number of employees                           3,982  4,375     -9  4,325
Number of employees, end of period                    3,823  4,395    -13  4,119
Number of shares outstanding end of period,
in thousands
A shares                                             54,832 54,832        54,832
K shares                                             22,565 22,565        22,565


CURRENCY RATES                                          1-6    1-6 change   1-12
                                                       2009   2008      %   2008
USD average rate                                       1.33   1.53    -13   1.47
USD end-of-period                                      1.41   1.58    -10   1.39


NOTES TO THE INTERIM FINANCIAL STATEMENTS

This interim financial statement bulletin is prepared in accordance with
IAS 34 (Interim Financial Reporting) using the same accounting policies and
methods of computation as in the annual financial statements.

All figures in the accounts have been rounded and consequently the sum of
individual figures can deviate from the presented sum figure.

The definition for operating profit (EBIT) was changed as of January 1, 2009.
The operating profit includes operating results of Fiskars operating segments
EMEA, America, and Others. The share of the profit of associated company
Wärtsilä and the change in the fair value of biological assets are presented
in separate lines below the EBIT in the income statement.

Fiskars' operating segment and business area structure was changed
as of January 1, 2009. The comparison figures for 2008 have been restated
according to the new structure. Fiskars Corporation has adopted IFRS 8
(Operating Segments) as of January 1, 2008.

Fiskars changed the accounting estimate used for valuing its biological assets
in the fourth quarter of 2008. The average price for measuring the fair
value of standing timber was changed to a three-year rolling average price.

Fiskars changed the accounting for defined benefit pension liabilities to apply
the amendment of IAS 19 allowing for immediate recognition of actuarial gains
and losses in the equity in the fourth quarter of 2008. The previous periods'
data was restated accordingly. Due to the change, a EUR -0.1 million adjustment
in the operating profit (EBIT) to the second quarter of 2008 was made.

The Group has implemented the following new or amended International
Financial Reporting Standards (IFRS) and interpretations applicable to the
Group as of January 1, 2009:
 - IAS 1 (revised) Presentation of Financial Statements
 - IAS 23 (revised) Borrowing costs
 - IFRIC 13 Customer Loyalty Programmes

The adoption of the revised standards and interpretations had no impact on the
reported results or financial position. However, due to the adoption of the
revised IAS 1 there were several changes in the terminology.

Use of estimates:
The preparation of the financial statements in accordance with IFRS requires
management to make estimates and assumptions that affect the valuation of the
reported assets and liabilities and other information, such as contingent
liabilities and the recognition of income and expenses in the income statement.
Although the estimates are based on the management's best knowledge of current
events and actions, actual results may differ from the estimates.


OPERATING SEGMENTS *)              4-6    4-6 change    1-6    1-6 change   1-12
NET SALES                         2009   2008      %   2009   2008      %   2008
                                  MEUR   MEUR          MEUR   MEUR          MEUR
EMEA                             116.5  130.5    -11  227.8  257.9    -12  491.3
Americas                          65.9   58.9     12  124.5  110.7     12  216.5
Other                              1.1    1.3    -14    2.8    3.1    -11    5.9
Inter-segment sales **)           -3.9   -3.5          -8.3   -9.7         -16.7
GROUP TOTAL                      179.6  187.3     -4  346.8  362.0     -4  697.0


OPERATING SEGMENTS *)              4-6    4-6           1-6    1-6          1-12
OPERATING PROFIT (EBIT)           2009   2008          2009   2008          2008
                                  MEUR   MEUR          MEUR   MEUR          MEUR
EMEA                               5.4   11.0          10.1   15.3          21.7
Americas                          10.5    6.7          17.1    8.8          -4.0
Other and eliminations            -3.3   -1.0          -5.9   -2.4         -11.7
GROUP TOTAL                       12.6   16.7          21.2   21.7           6.0


OPERATING SEGMENTS *)              4-6    4-6           1-6    1-6          1-12
DEPRECIATION AND IMPAIRMENT       2009   2008          2009   2008          2008
                                  MEUR   MEUR          MEUR   MEUR          MEUR
EMEA                               6.1    4.4          10.5    8.7          18.3
Americas                           2.0    1.7           4.0    3.5          12.8
Other and eliminations             0.4    0.4           0.9    0.9           1.8
GROUP TOTAL                        8.5    6.5          15.3   13.1          32.9


OPERATING SEGMENTS *)              4-6    4-6           1-6    1-6          1-12
CAPITAL EXPENDITURE               2009   2008          2009   2008          2008
                                  MEUR   MEUR          MEUR   MEUR          MEUR
EMEA                               2.8    8.2           5.9   13.1          23.7
Americas                           0.9    0.9           1.4    1.4           3.0
Other and eliminations             0.3    0.6           0.6    0.9           3.1
GROUP TOTAL                        4.0    9.7           8.0   15.4          29.8

*) In a Stock Exchange Release on April 23, 2009, Fiskars published the
comparative figures for 2008 according to the new reporting structure.
The share of profit of the associated company Wärtsilä is presented in
a separate line below EBIT in the income statement.

**) Inter-segment sales
   EMEA                           -1.6   -2.2          -4.5   -5.9         -10.3
   Americas                       -1.7   -1.2          -2.6   -2.9          -5.1
   Other                          -0.6   -0.1          -1.2   -0.8          -1.4

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.


BUSINESS AREAS                     4-6    4-6 change    1-6    1-6 change   1-12
NET SALES                         2009   2008      %   2009   2008      %   2008
                                  MEUR   MEUR          MEUR   MEUR          MEUR
Home                              67.9   74.9     -9  131.9  142.0     -7  316.8
Garden                            80.0   75.7      6  148.6  146.8      1  231.2
Outdoor                           31.2   36.2    -14   64.7   71.3     -9  145.2
Other                              0.5    0.5           1.6    1.9           3.9
GROUP TOTAL                      179.6  187.3     -4  346.8  362.0     -4  697.0


INTANGIBLE ASSETS AND GOODWILL                              6/2009 6/200812/2008
                                                              MEUR   MEUR   MEUR
Book value, Jan. 1                                           230.2  233.8  233.8
Currency translation adjustment                                0.3   -1.1    2.8
Acquisitions                                                   0.2
Additions                                                      0.3    1.0    1.4
Amortization and impairment                                   -3.5   -2.5   -6.0
Decreases and transfers                                        0.1    1.3   -1.9
BOOK VALUE AT END OF PERIOD                                  227.7  232.4  230.2


TANGIBLE ASSETS AND INVESTMENT PROPERTY                     6/2009 6/200812/2008
                                                              MEUR   MEUR   MEUR
Book value, Jan. 1                                           120.9  130.2  130.2
Currency translation adjustment                                0.2   -3.3   -1.2
Additions                                                      7.6   11.3   24.0
Depreciation and impairment                                  -11.6  -10.5  -26.5
Decreases and transfers                                       -1.0   -2.1   -5.5
BOOK VALUE AT END OF PERIOD                                  116.0  125.5  120.9


CONTINGENCIES AND PLEDGED ASSETS                            6/2009 6/200812/2008
                                                              MEUR   MEUR   MEUR
AS SECURITY FOR OWN COMMITMENTS
Guarantees                                                       0      1      1
Lease commitments                                               62     64     64
Other contingencies                                              5     10      5
TOTAL                                                           67     76     71

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

AS SECURITY FOR SUBSIDIARIES' COMMITMENTS
Guarantees                                                      15     12     16

TOTAL CONTINGENCIES AND PLEDGED ASSETS                          85     90     89


NOMINAL AMOUNTS OF DERIVATIVES

Forward exchange contracts                                     111    104    171
Interest rate swaps                                              1     16     16
Forward interest rate agreements                                       30
Electricity forward agreements                                   2      1      2

MARKET VALUE VS. NOMINAL AMOUNTS OF DERIVATIVES

Forward exchange contracts                                      -1      0      2
Interest rate swaps                                                     0      0
Forward interest rate agreements                                        0
Electricity forward agreements                                   0      0      0

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


RELATED PARTY TRANSACTIONS

The dividend from Wärtsilä EUR 25.3 million is reported as Dividends from
associate in the Consolidated Statement of Cash Flows.
The dividend was received during the first quarter of 2009.


ACQUISITIONS

Fiskars acquired a 30% minority share of Silva Far East Ltd in June 2009.
The holding was acquired from Kasinda Holding Limited for EUR 0.2 million.
After the minority share acquisition, the manufacturing company in China became
a wholly owned subsidiary of Silva Sweden AB.



Fiskars is a leading global supplier of consumer products for the home, garden,
and outdoors. The group has a strong portfolio of respected international
brands, including Fiskars, Iittala, Gerber, Silva, and Buster. Associated
company, Wärtsilä Corporation, is also an important part of the group, and
forms one of Fiskars' operating segments, together with the Americas, EMEA, and
Other. Founded in 1649 and listed on NASDAQ OMX Helsinki, Fiskars is Finland's
oldest company. Fiskars recorded net sales of EUR 697 million in 2008, and
employs some 3,800 people.

www.fiskars.fi


FISKARS CORPORATION

Kari Kauniskangas
President & CEO