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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 October 31, 2008 at 8.30 AM

FISKARS INTERIM REPORT JANUARY-SEPTEMBER 2008
(Unaudited)

HIGHER Q3 NET SALES AND CASH FLOW,
OPERATING PROFIT LOWER


Q3 HIGHLIGHTS
- Net sales increased to EUR 160.1 million (142.8)
- Operating profit (EBIT) was EUR 24.2 million (27.8)
- EBIT excluding Wärtsilä and the change in the fair value of standing
  timber was EUR 7.9 million (11.2)
- Non-recurring items reduced EBIT by EUR 2.3 million (+0.3)
- Net cash from operating activities was EUR 27.6 million (21.8)
- Financial position continues to be strong
- Profit forecast unchanged: Full-year EBIT excluding Wärtsilä and the change
  in the fair value of standing timber is expected to be below 2007 level


KEY FIGURES

EUR million               Q3/2008   Q3/2007  1-9/2008  1-9/2007      2007

Net sales                   160.1     142.8     522.1     454.2     647.0
Income from associate        16.1      11.1      45.9      26.6      43.3
Operating profit (EBIT)      24.2      27.8      72.9      78.8     109.5
Profit before taxes          20.7      41.4*     59.7      88.4*    122.5**
Profit for the period        19.6      38.2*     55.7      78.1*    110.4**
Earnings per share, euro     0.25      0.49      0.72      1.01      1.42
Net cash from operating
activities                   27.6      21.8      79.8      52.1      82.0

*) Includes EUR 16.8 million gain on sale of Wärtsilä shares
**) Includes EUR 23.7 million gain on sale of Wärtsilä shares


FISKARS CORPORATION

Q3/2008
The Corporation's net sales increased by 12% to EUR 160.1 million (142.8) during
the third quarter. The comparison period includes Iittala's reported figures
from September 1, 2007 onwards. Pro forma Q3 / 2007 net sales totaled EUR 174.3
million. The decrease in Q3 2008 was EUR 7.3 million (-4%) at comparable
currency rates. The effect of currency rates was EUR -6.9 million.

The Corporation's EBIT was EUR 24.2 million (27.8), and includes non-recurring
items of EUR -2.3 million (+0.3) due to restructuring costs in EMEA and the
Americas.

Income from associate Wärtsilä was EUR 16.1 million (11.1), and the change in
the fair value of standing timber (i.e. biological assets) EUR 0.3 million
(5.5). EBIT excluding Wärtsilä and the change in the fair value of standing
timber was EUR 7.9 million (11.2).

Profit before taxes was EUR 20.7 million (41.4). The comparison period
includes a gain on the sale of Wärtsilä shares of EUR 16.8 million. Net
financial costs were EUR 3.4 million (3.1).

The profit for the third quarter of 2008 was EUR 19.6 million (38.2), and
earnings per share EUR 0.25 (0.49).

JANUARY-SEPTEMBER 2008
The Corporation's net sales increased by 15% to EUR 522.1 million (454.2). Pro
forma net sales, including Iittala and Leborgne, between January and September
2007 was EUR 575.0 million, and net sales in the period of 2008 decreased by EUR
25.5 million (-5%) at comparable currency rates. The effect of currency rates
was EUR -27.4 million.

The Corporation's EBIT was EUR 72.9 million (78.8), and includes non-recurring
items of EUR -3.1 million (+0.3).

Income from associate Wärtsilä was EUR 45.9 million (26.6), and the change in
the fair value of standing timber was EUR -2.6 million (+11.5). EBIT excluding
Wärtsilä and the change in the fair value of standing timber was EUR 29.6
million (40.7).

Profit before taxes was EUR 59.7 million (88.4). The comparison period includes
a gain on the sale of Wärtsilä shares of EUR 16.8 million. Net financial costs
were EUR 13.2 million (7.1). The increase in financial costs was due to the
acquisition of Iittala and Leborgne.

The profit for the period was EUR 55.7 million (78.1), and earnings per share
EUR 0.72 (1.01).

EMEA

Q3/2008
Net sales for EMEA increased by 37% to EUR 103.4 million (75.7). EBIT was EUR
5.9 million (3.6).

The operating environment during the third quarter of the year continued
challenging, and consumer confidence remained low. The slowness in the business
continued as retailers anticipated changes in consumer spending. Despite the
difficult market outlook, Fiskars business developed relatively well during the
third quarter.

JANUARY-SEPTEMBER 2008
Net sales for the EMEA segment amounted to EUR 336.0 million (231.3), an
increase of 45%. EBIT was EUR 19.9 million (23.4).

AMERICAS

Q3/2008
Net sales for the Americas were EUR 53.1 million (66.1), a decrease of 20%. In
USD terms, net sales decreased 12% to 79.8 million (90.8). EBIT decreased to
EUR 5.2 million (8.8) or USD 7.8 million (12.1).

The downturn in the US economy continued to gain momentum during the third
quarter, impacting consumer confidence and retailer behavior to an even greater
extent. The decline in sales seen in Americas was a result of reduced purchases
by retailers, combined with consumers favoring lower-price products.

JANUARY-SEPTEMBER 2008
Net sales for the Americas were EUR 165.1 million (202.9), a decrease of 19%.
In USD terms, net sales decreased by 8% to 251.8 million (272.9). EBIT was EUR
14.0 million (18.7) or USD 21.4 million (25.4).

In addition to changes in retailer and consumer behavior, Fiskars' business in
the Americas has faced increased raw material prices and higher oil costs
during the reporting period. The raw material and oil prices have, however,
decreased during Q3 and after the reporting period, but the volatility of
prices seems to continue. Also a weaker US dollar, particularly against the
Chinese RMB has
impacted the cost of goods sold.

OTHER

INHA WORKS

Q3/2008
Net sales by Inha Works totaled EUR 5.1 million (5.5), a decrease of 8%. EBIT
was EUR -0.9 million (-0.2).

The economic environment continued to have a dramatic effect on the boat market.
New boat registrations have dropped in Inha Works' major markets, in particular
in Finland and Sweden. Delays in the launch of a new boat model also had a
negative impact on the business.

To improve profitability, the company started during the quarter temporary lay-
offs affecting all personnel groups. New co-determination negotiations were
initiated later in the fall to restructure the business.

JANUARY-SEPTEMBER 2008
Net sales by the Inha Works net sales totaled EUR 29.9 million (33.3), a
decrease of 10%. EBIT was EUR 0.1 million (3.4).

The company decided in the second quarter to close its hinge business by the
end of 2008, and this is expected to affect 50 - 60 workers and administrative
staff.

REAL ESTATE GROUP

Q3/2008
Net sales for the Real Estate Group were EUR 1.4 million (1.2). EBIT was EUR
0.6 million (5.4). The fair value of standing timber increased by EUR 0.3
(5.3).

The Real Estate Group manages the Corporation's forests, land and other real
estate, and leases real estate to internal and external customers.

JANUARY-SEPTEMBER 2008
Net sales for the Real Estate Group were EUR 4.3 million (3.9). EBIT was EUR
-1.5 million (11.4). The change in the fair value of standing timber during the
first nine months of the year totaled EUR -2.6 million (+11.5).

ASSOCIATED COMPANY WÄRTSILÄ

Q3/2008
Fiskars' associated company Wärtsilä posted a net profit of EUR 94.0 million in
the third quarter. Fiskars Corporation's share of Wärtsilä's net profit totaled
EUR 16.1 million (11.1).

JANUARY-SEPTEMBER 2008
Fiskars Corporation's income from the associate was EUR 45.9 million (26.6).
Fiskars' share of Wärtsilä equity increased by EUR 5.8 million as a result of a
bonus share issue in March 2008, and this is included in the amount.

As of the end of the review period, Fiskars' ownership in Wärtsilä was 17.1% of
shares (16.5%) and 17.1% of votes (32.2%). The Annual General Meeting of
Wärtsilä decided on 19 March 2008 to combine the two share series A and B.
Although the voting rights of Fiskars in Wärtsilä decreased from 32.2% to below
20%, Fiskars continues to be the largest single shareholder, with more than 17%
of votes. The Chairman of the Board of Fiskars, Mr. Kaj-Gustaf Bergh, and the
President and CEO of Fiskars, Mr. Kari Kauniskangas, were elected to Wärtsilä's
Board of Directors. Fiskars has assessed that it has a significant influence on
Wärtsilä as defined in IAS 28 and accordingly continues to report Wärtsilä as
an associated company.

The book value of Fiskars' investment in Wärtsilä was EUR 247.1 million at the
end of September (278.3 at the beginning of the year). EUR 61.2 million of this
book value is goodwill (61.2 at the beginning of the year).

The market value of Wärtsilä shares owned by Fiskars was EUR 496.3 million as
of the end of the review period (share price EUR 29.46).

BALANCE SHEET AND FINANCING
The Corporation's net working capital was EUR 179.3 million (EUR 162.1 million
at the end of 2007). The change mainly relates to the seasonality of the
business.

Non-current assets totaled EUR 680.6 million (713.4), of which EUR 133.2
million was intangible assets and EUR 99.7 million goodwill. The remaining 2.3%
of Iittala Group Oy Ab shares were acquired for EUR 3.1 million at the end of
June.

Net interest-bearing debt amounted to EUR 321.9 million, which was up EUR 2.9
million from year-end 2007 but EUR 19.7 million less than at the end of June
2008.

The Corporation's financial position continues to be strong. Shareholder's
equity totaled EUR 463.6 million (478.3) at the end of the period. The
Corporation's equity to assets ratio was 46% (46%) and net gearing 69% (67%).
The Corporation's liquidity position is good. Cash and deposits at the end of
the period were EUR 11.9 million (34.5), in addition to which the Corporation
had EUR 425.0 million in unused long-term credit facilities, mainly with major
Nordic banks.

Cash flow from operations during the first nine months of the year was EUR 79.8
million (52.1). Cash flow includes dividends paid by associate company
Wärtsilä, which totaled EUR 67.2 million (27.7).

Total capital expenditure during the first nine months of the year was EUR 23.3
million (204.6), and mainly comprised replacement investments and new store
openings in the Homeware business area. The capital expenditure also includes
EUR 3.1 million paid for the minority shares in Iittala Group Oy Ab in Q2 2008.
In the comparison period, the capital expenditure includes the acquisitions of
Iittala and Leborgne as well as the investment in Wärtsilä series A shares.

MANAGEMENT OF RISKS AND UNCERTAINTIES
The downturn in the economy and the financial market crisis have increased
uncertainties that may affect Fiskars' net sales and financial performance.

The principal uncertainties that affect Fiskars in the short term are related
to:
   - further material weakening of the general economic environment
   - cost increases
   - lower consumer spending levels, especially affecting the Homeware business
     area, which is heavily geared to the last quarter
   - weaker sales to retailers, who may reduce purchasing due to the unstable
     economic environment, financial constraints, and existing high inventories

Risks and how Fiskars manages them are described in more detail in Fiskars'
Annual Report 2007 (see Page 38).

SHARE
As of the end of the review period, the Corporation had a total of 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. This also represents
the total value of share capital in Euros.

Both series of shares are traded in the Large Cap segment of the NASDAQ OMX
Helsinki Ltd. At the end of September, the price of one Fiskars Series A share
was EUR 9.43 (Dec 31, 2007 EUR 13.30) and the price of one Series K share EUR
15.00 (14.45).

The market value of Fiskars share capital was EUR 856 million, excluding
treasury shares, as of the end of the review period.

PURCHASE AND SALE OF TREASURY SHARES
The Board of Directors had an authorization to acquire and convey treasury
shares until the Annual General Meeting held on 25 March 2008, provided that
the amount of shares acquired did not exceed ten percent (10%) of the total
share capital and votes in the company. The Annual General Meeting on 25 March
2008
authorized the Board to acquire and convey treasury shares provided that the
total amount of shares acquired or conveyed is less than five percent (5%) of
the total amount of shares of the Corporation.

In January 2008 the Corporation sold a total of 15,397 A shares through the
Stock Exchange to the President and CEO Kauniskangas at the market price (EUR
11.20 per share). The Corporation recorded a gain of EUR 0.1 million to equity.

Since then, the Corporation has not used its authorization to acquire or convey
treasury shares. On September 30, 2008 Fiskars had 112,115 Series A treasury
shares and 420 Series K shares, corresponding to 0.15% of the Corporation's
shares and 0.02% of votes.

ANNUAL GENERAL MEETING OF SHAREHOLDERS 2008
The Annual General Meeting of Shareholders approved the financial statements
for 2007 on March 25, 2008. It was decided to pay a dividend of EUR 0.80 per
share for Series A shares, totaling EUR 43,865,901.60, and EUR 0.78 per share
for
Series K shares, totaling EUR 17,600,924.64. The record date for the dividend
was March 28, 2008, and a dividend totaling EUR 61,466,826.24 was paid on April
4, 2008. Members of the Board and the President were discharged from liability
for the 2007 financial year.

It was decided that the number of Board members be nine. Mr. Kaj-Gustaf Bergh,
Mr. Ralf Böer, Mr. Alexander Ehrnrooth, Mr. Paul Ehrnrooth, Ms. Ilona Ervasti-
Vaintola, Mr. Gustaf Gripenberg, Mr. Karl Grotenfelt, Mr. Karsten Slotte, and
Mr. Jukka Suominen were elected as Board members. The term of Board members
will expire at the end of the Annual General Meeting in 2009.

KPMG Oy Ab was elected auditor and they nominated Mr. Mauri Palvi as
responsible auditor.

The Annual General Meeting decided to authorize the Board to acquire treasury
shares, with the Corporation's distributable equity, no more than 2,747,224 of
Series A and no more than 1,128,285 of Series K shares. The share price shall
be no higher than the highest price paid for the shares of Fiskars Corporation
in public trading at the time of purchase. This authorization shall remain in
force until the end of the next Annual General Meeting.

The Annual General Meeting decided to authorize the Board to decide to convey
treasury shares to a maximum of 2,747,224 of Series A shares and a maximum of
1,128,285 of Series K shares. The Board may decide on the conveyance of the
shares otherwise than in proportion to the shareholders' pre-emptive
subscription rights. This authorization shall remain in force until the end of
the next Annual General Meeting.

Convening after the Annual General Meeting, the Board elected Kaj-Gustaf Bergh
to be its Chairman and Alexander Ehrnrooth and Paul Ehrnrooth its Vice
Chairmen. The Board appointed Gustaf Gripenberg to be chairman of the Audit
Committee, and its other members to be Ilona Ervasti-Vaintola, Alexander
Ehrnrooth, Paul Ehrnrooth, and Karsten Slotte. The Board appointed Kaj-Gustaf
Bergh to be
chairman of the Compensation Committee and its other members to be Ralf Böer,
Karl Grotenfelt, and Jukka Suominen. The Board appointed Kaj-Gustaf Bergh to be
chairman of the Nomination Committee, and its other members to be Alexander
Ehrnrooth and Paul Ehrnrooth.

In addition, the Annual General Meeting decided to amend the Corporation's
Articles of Association. The changes in the Articles of Association were
entered into the Trade Register on April 21, 2008.

NEW ORGANIZATION STRUCTURE
On March 7, 2008, Fiskars announced a new organization and a new structure for
segment reporting. From the beginning of 2008, Fiskars reports the following
business segments: Americas, EMEA (Europe, Middle East, and Asia), Wärtsilä,
and Other, which consists of Inha Works and the Real Estate Group.

The comparative figures for 2007 according to the new reporting structure were
published in a Stock Exchange Release on March 20, 2008.

The Corporation's business areas are: Garden, Homeware, Outdoor Recreation,
Craft, Real Estate, and Inha Works.

PERSONNEL
The company employed 4,276 people (4,484) as of the end of the review period.
This compares to a total of 4,515 personnel at the end of 2007.

CHANGES IN CORPORATE MANAGEMENT
Mr. Kari Kauniskangas, M.Sc. (Econ), took over as the President and CEO of
Fiskars Corporation at the beginning of 2008. In March 2008, Hille Korhonen,
Lic.Tech., was appointed Vice President, Operations, and a member of the
Corporate Management Team.

Jim Purdin, CEO of Fiskars Brands, Inc., and Maija Elenius, Vice President,
Corporate Control, left the Corporation in March 2008.

Teemu Kangas-Kärki, M.Sc. (Econ.) was appointed CFO of Fiskars Corporation in
April 2008, and assumed his duties in August 2008. Max Alfthan, M.Sc. (Econ.)
was appointed Chief Strategy Officer in August 2008, and will assume his duties
in November 2008. Both Kangas-Kärki and Alfthan are members of the Corporate
Management Team.

Ingmar Lindberg, Head of Real Estate and Executive Vice President of Fiskars
Corporation, will retire at the end of 2008. Tomas Landers, M.Sc. (Forester)
has been appointed Vice President, Real Estate as of December 1, 2008, and will
assume responsibility for the Real Estate Group at the beginning of 2009.

Juha Rauhala, Vice President, Corporate Finance, and Leena Kahila-Bergh, Vice
President, Communications, have left the Corporation, as announced on May 9 and
September 16, 2008 respectively.

EVENTS AFTER THE REVIEW PERIOD
A group of shareholders representing more than 5% but less than 10% of the
votes of Fiskars shares approached the company's Board of Directors on October
1 and requested that the Board should investigate the possibility of introducing
equal voting rights for the company's listed share series. The Board will
consider the request.

In October 2008, Inha Works decided to sell the patents and product rights of
its hinge business to Abloy Oy, as the hinge business is due to be closed down
by the end of 2008. Proceeds from the sale will be booked in Q4 2008.

OUTLOOK FOR 2008
The general market outlook for 2008 continues to be uncertain. Consumer demand
and sentiment both in the United States and Europe are weaker compared to the
previous year. Retailer behavior, in particular, is more cautious than earlier.
Actions have already been taken to adjust the business with the current
environment in order to increase the company's competitiveness in the future.

Further focus is put on the streamlining of the organization, operational
efficiency, and cost structure. At the same time price increases are being
implemented, although mostly impacting 2009. New product development continues
to be a key factor for future success.

Fiskars' net sales are expected to increase during 2008 impacted by the Iittala
acquisition, which was closed in August 2007. Full year EBIT excluding Wärtsilä
and the change in the fair value of standing timber is expected to be below the
2007 level. Consequently, the net profit will not reach the level of 2007,
especially, as the net profit in 2007 also included a EUR 23.7 million gain on
the sale of Wärtsilä shares and a positive change in the value of standing
timber of EUR 9.8 million.

Financial costs will increase due to the financing of the Iittala and Leborgne
acquisitions.

The financial position continues to be strong. This allows Fiskars to continue
investing in and growing its business despite the challenging market situation.

The associated company Wärtsilä will continue to have a major impact on the
Corporation's profit in 2008.


Helsinki, October 30, 2008

FISKARS CORPORATION
Board of Directors



CONSOLIDATED INCOME STATEMENT      7-9    7-9 change    1-9    1-9 change   1-12
                                  2008   2007      %   2008   2007      %   2007
                                  MEUR   MEUR          MEUR   MEUR          MEUR

NET SALES                        160.1  142.8     12  522.1  454.2     15  647.0

Cost of goods sold              -108.9  -96.9     12 -351.4 -309.8     13 -437.8
GROSS PROFIT                      51.2   45.9     12  170.7  144.4     18  209.2

Other operating income             1.3    2.7    -52    2.5    3.5    -29    5.8
Change in fair value of
biological assets                  0.3    5.5    -95   -2.6   11.5      0   11.1
Sales and marketing expenses     -29.5  -23.0     28  -95.4  -63.8     49  -99.4
Administration expenses          -12.4  -12.6     -1  -42.1  -38.0     11  -48.8
Research and development costs    -1.5   -1.6     -5   -5.4   -4.6     17   -7.4
Other operating expenses          -1.2   -0.1      0   -0.7   -0.8    -10   -4.2
Income from associate             16.1   11.1     45   45.9   26.6     73   43.3
OPERATING PROFIT (EBIT)           24.2   27.8    -13   72.9   78.8     -8  109.5

Gain on sale of Wärtsilä shares          16.8                 16.8          23.7
Financial income                   0.0    0.9      0    0.2    2.7    -92    3.0
Financial expenses                -3.4   -4.0    -14  -13.4   -9.8     36  -13.7
PROFIT BEFORE TAXES               20.7   41.4    -50   59.7   88.4    -32  122.5

Income taxes                      -1.1   -3.2    -64   -4.0  -10.3    -62  -12.1
PROFIT FOR THE PERIOD             19.6   38.2    -49   55.7   78.1    -29  110.4

Attributable to:
Equity holders of the Parent      19.6   38.2    -49   55.7   78.1    -29  110.0
Minority interest                  0.0    0.0           0.0    0.0           0.3
                                  19.6   38.2          55.7   78.1         110.4

Earnings for Equity holders of the Parent Company
per share, euro                   0.25   0.49          0.72   1.01          1.42

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

CURRENCY RATES                                          1-9    1-9 change   1-12
                                                       2008   2007      %   2007
USD average rate                                       1.52   1.34     13   1.37
USD end-of-period                                      1.43   1.42      1   1.47


CONSOLIDATED BALANCE SHEET                           9/2008 9/2007 change12/2007
                                                       MEUR   MEUR      %   MEUR
ASSETS

NON-CURRENT ASSETS
Intangible assets                                     133.2  137.9     -3  134.0
Goodwill                                               99.7  100.8     -1   99.8
Tangible assets                                       120.4  122.8     -2  121.7
Biological assets                                      42.4   45.6     -7   44.9
Investment property                                     8.1    8.4     -4    8.4
Investment in associate                               247.1  256.5     -4  278.3
Other shares                                            2.2    3.3    -34    3.0
Other investments                                       2.6    2.5      1    2.3
Long-term tax receivables                                      1.6           0.3
Deferred tax assets                                    25.0   24.3      3   20.6
NON-CURRENT ASSETS TOTAL                              680.6  703.7     -3  713.4

CURRENT ASSETS TOTAL
Inventories                                           178.6  186.4     -4  173.7
Trade receivables                                     112.7  117.6     -4  115.2
Other receivables                                      16.9   10.7     57   10.4
Cash and cash equivalents                              11.9    9.4     26   34.5
CURRENT ASSETS TOTAL                                  320.1  324.2     -1  333.8

ASSETS TOTAL                                         1000.6 1027.9     -3 1047.1

SHAREHOLDERS' EQUITY AND LIABILITIES

Equity attributable to
equity holders of the parent company                  463.5  453.6      2  477.8
Minority interest                                       0.1    0.2           0.5
SHAREHOLDERS' EQUITY TOTAL                            463.6  453.7      2  478.3

NON-CURRENT LIABILITIES
Interest bearing debt                                 164.6  132.8     24  124.6
Non-interest bearing debt                               1.7    2.0    -14    4.7
Deferred tax liabilities                               50.3   54.7     -8   51.7
Pension liability                                       9.8   12.7    -23    9.4
Provisions                                              6.2    5.4     15    6.2
NON-CURRENT LIABILITIES TOTAL                         232.6  207.5     12  196.7

CURRENT LIABILITIES
Interest bearing debt                                 169.2  222.3    -24  228.9
Trade payable and other non-interest bearing debt     127.6  136.6     -7  139.4
Income tax payable                                      7.6    7.8     -2    3.8
CURRENT LIABILITIES TOTAL                             304.4  366.7    -17  372.1

SHAREHOLDERS' EQUITY AND LIABILITIES TOTAL           1000.6 1027.9     -3 1047.1


CONSOLIDATED STATEMENT                           7-9    7-9    1-9    1-9   1-12
OF CASH FLOWS                                   2008   2007   2008   2007   2007
                                                MEUR   MEUR   MEUR   MEUR   MEUR
CASH FLOWS FROM OPERATING ACTIVITIES
Net profit before taxes                         20.8   41.4   59.7   88.4  122.5
Adjustments for
  Depreciation                                   6.9    5.7   20.0   16.1   23.2
  Gain on sale of non-current assets                                       -26.1
  Income from associate                        -16.1  -11.1  -45.9  -26.6  -43.3
  Investment income                              0.4  -17.2    0.2  -18.4   -3.0
  Interest expense                               3.0    3.5   13.0    8.8   13.7
  Change in value of biological assets          -0.3   -5.3    2.6  -10.7  -10.0
Cash generated before working capital changes   14.8   17.0   49.6   57.7   77.0

Change in working capital
  Change in current assets,
  non-interest bearing                          17.5   24.5   -3.6  -12.1   -9.7
  Change in inventories                          0.2   -5.6   -4.9  -15.6   -1.5
  Change in current liabilities,
  non-interest bearing                          -1.2  -11.0   -9.0    6.9   11.4
Cash generated before financing and taxes       31.4   24.9   32.1   37.0   77.2

Dividends from associate                                      67.2   27.7   27.7
Dividends received, other                                      0.0    0.1    0.1
Financial costs paid (net)                      -2.7   -0.9  -13.8   -6.1  -11.8
Taxes paid                                      -1.1   -2.2   -5.8   -6.5  -11.2
NET CASH FROM OPERATING ACTIVITIES (A)          27.6   21.8   79.8   52.1   82.0

CASH FLOWS FROM INVESTING ACTIVITIES
Acquisitions                                         -169.3   -3.1 -169.3 -169.3
Capital expenditure                             -7.5   -4.7  -19.9  -12.9  -20.5
Proceeds from sale of fixed assets               1.1    0.1    2.2    3.4    6.5
Net cash from other investments                  0.4    0.3    0.3           0.0
NET CASH USED IN INVESTING ACTIVITIES (B)       -6.0 -173.6  -20.5 -178.7 -183.4

CASH FLOWS FROM FINANCING ACTIVITIES
Sell of treasury shares                                        0.2
Proceeds from l/t borrowings                     3.2          40.7           0.6
Repayment of l/t borrowings                            -0.3   -0.1   -0.5   -0.1
Proceeds from/payment of s/t borrowings        -22.1  142.0  -55.4  138.0  137.6
Payment of financial leases liabilities         -0.9   -0.8   -2.6   -2.2   -1.8
Cash flows from other financing items            0.5   -0.5   -0.5   -1.1    0.9
Dividends paid                                               -61.5  -46.0  -46.0
NET CASH USED IN FINANCING ACTIVITIES (C)      -19.2  140.5  -79.2   88.2   91.3

CHANGE IN CASH (A+B+C)                           2.4  -11.3  -19.9  -38.4  -10.2

Cash at beginning of period                     13.1   17.0   34.5   44.9   44.9
Translation difference                          -3.9    3.7   -2.8    2.9   -0.3
Cash at end of period                           11.9    9.4   11.9    9.4   34.5


STATEMENT OF CHANGES IN      Equity holders of the parent company:  Mino-  Total
CONSOLIDATED SHAREHOLDERS'                                           rity
EQUITY                                  Trea-   Fair Cumul.       interest
                                 Share   sury  valuetransl.Retain.
                               capital shares   res.  diff.  earn.
                                  MEUR   MEUR   MEUR   MEUR   MEUR   MEUR   MEUR

Dec 31, 2006                      77.5   -0.9   21.6   -1.5  325.0    0.0  421.8

Translation differences                                -6.2           0.0   -6.2
Changes in associate                             1.5   -0.2                  1.3
Equity net investment hedges
after tax                                               4.5                  4.5
Other changes                                                         0.1    0.1
NET INCOME RECOGNISED DIRECTLY
IN EQUITY                                        1.5   -1.9    0.0    0.1   -0.2
Net profit for the period                                     78.1    0.0   78.1
TOTAL RECOGNISED INCOME AND
EXPENSE FOR THE PERIOD                           1.5   -1.9   78.1    0.2   77.9
Dividends paid                                               -46.0         -46.0

Sep 30, 2007                      77.5   -0.9   23.0   -3.3  357.1    0.2  453.7

Translation differences                                -4.2           0.0   -4.2
Changes in associate                            -1.7    0.2                 -1.5
Equity net investment hedges
after tax                                              -1.9                 -1.9
NET INCOME RECOGNISED DIRECTLY
IN EQUITY                                       -1.7   -6.0    0.0    0.0   -7.6
Net profit for the period                                     32.0    0.3   32.3
TOTAL RECOGNISED INCOME AND
EXPENSE FOR THE PERIOD                          -1.7   -6.0   32.0    0.3   24.6

Dec 31, 2007                      77.5   -0.9   21.4   -9.3  389.1    0.5  478.3

Translation differences                                 0.1           0.0    0.1
Changes in associate                            -9.0                        -9.0
Equity net investment hedges
after tax                                              -0.9                 -0.9
Other changes                             0.1                  0.5   -0.5    0.2
NET INCOME RECOGNISED DIRECTLY
IN EQUITY                                 0.1   -9.0   -0.8    0.5   -0.4   -9.6
Net profit for the period                               0.7   55.7    0.0   56.4
TOTAL RECOGNISED INCOME AND
EXPENSE FOR THE PERIOD                    0.1   -9.0   -0.2   56.2   -0.4   46.8
Dividends paid                                               -61.5         -61.5

Sep 30, 2008                      77.5   -0.8   12.4   -9.5  383.9    0.1  463.6

The fair value reserve includes Fiskars share of associate company Wärtsilä's
fair value reserve and its changes.

Equity net investment hedges have been re-classified to translation differences
as of Jan 1, 2008.


KEY FIGURES                                          9/2008 9/2007 change12/2007
                                                                        %
Equity/share, euro                                     5.99   5.86      2   6.18
Equity ratio                                            46%    44%           46%
Net gearing                                             69%    76%           67%
Equity, EUR million                                   463.6  453.7      2  478.3
Net interest bearing debt, EUR million                321.9  345.7     -7  319.0
Average number of employees                           4 361  3 279     33  3 517
Number of employees, end of period                    4 276  4 484     -5  4 515
Number of shares outstanding end of period,
in thousands
A shares                                             54 832 54 817        54 817
K shares                                             22 565 22 565        22 565


NOTES TO THE INTERIM FINANCIAL REPORT

This interim financial report 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 for 2007.
All figures in the accounts have been rounded and consequently the sum of
individual figures can deviate from the presented sum figure.
Fiskars Corporation has adopted IFRS 8 (Operating Segments) as of
January 1, 2008. This impacts on disclosure information.

Formulas for Calculation of Ratios can be found in the Annual Report 2007,
page 40.

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.

Amended and new International Financial Reporting Standards (IFRS) as of
1 January 2008:
 - IFRIC 11 IFRS 2 - Group Treasury Share Transaction
 - IFRIC 12 Service Concession Agreements
 - IFRIC 13 Customer Loyalty Programmes
 - IFRIC 14 IAS 19 - The Limit on Defined Benefit Asset, Minimum Funding
   Requirements and their Interaction

The adoption of the new and revised standards and interpretations does not have
any material effect on the interim financial report.


SEGMENT INFORMATION                7-9    7-9 change    1-9    1-9 change   1-12
NET SALES                         2008   2007      %   2008   2007      %   2007
                                  MEUR   MEUR          MEUR   MEUR          MEUR
EMEA *)                          103.4   75.7     37  336.0  231.3     45  365.9
Americas *)                       53.1   66.1    -20  165.1  202.9    -19  255.3
Other                              6.5    6.4      1   34.0   35.9     -5   45.9
Inter-segment sales **)           -2.8   -5.4    -48  -13.1  -15.9    -18  -20.1
CORPORATE TOTAL                  160.1  142.8     12  522.1  454.2     15  647.0


SEGMENT INFORMATION                7-9    7-9           1-9    1-9          1-12
OPERATING PROFIT (EBIT)           2008   2007          2008   2007          2007
                                  MEUR   MEUR          MEUR   MEUR          MEUR
EMEA *)                            5.9    3.6          19.9   23.4          38.9
Americas *)                        5.2    8.8          14.0   18.7          22.2
Other                             -0.2    5.2          -1.3   14.8          14.6
Associate Wärtsilä                16.1   11.1          45.9   26.6          43.3
Unallocated and eliminations      -2.8   -0.8          -5.5   -4.7          -9.4
CORPORATE TOTAL                   24.2   27.8          72.9   78.8         109.5


SEGMENT INFORMATION                7-9    7-9           1-9    1-9          1-12
DEPRECIATIONS                     2008   2007          2008   2007          2007
                                  MEUR   MEUR          MEUR   MEUR          MEUR
EMEA *)                            4.4    2.7          12.4    7.0          10.8
Americas *)                        1.7    2.3           5.2    6.9           9.3
Other                              0.8    0.7           2.3    2.1           2.7
Unallocated and eliminations       0.1    0.0           0.2    0.1           0.4
CORPORATE TOTAL                    6.9    5.7          20.0   16.1          23.2


SEGMENT INFORMATION                7-9    7-9           1-9    1-9          1-12
CAPITAL EXPENDITURE               2008   2007          2008   2007          2007
                                  MEUR   MEUR          MEUR   MEUR          MEUR
EMEA *)                            5.6  158.7          17.5  176.4         181.5
Americas *)                        1.3    0.7           2.6    2.4           3.2
Other                              1.1    1.7           3.1    3.9           5.3
Associate Wärtsilä                       20.7                 20.7          28.9
Unallocated and eliminations       0.0    0.8           0.1    1.2           1.6
CORPORATE TOTAL                    8.0  182.5          23.3  204.6         220.6

*) In a Stock Exchange Release on March 20, 2008, Fiskars published the
comparative figures for 2007 according to the new reporting structure.
Since the publication of the Stock Exchange Release, Australia has
operationally been moved from the Americas to the EMEA segment and the
comparative figures changed accordingly.

**) Inter-segment sales
EMEA                               1.1    1.5           7.1    7.4          10.8
Americas                           1.3    3.1           4.8    6.8           8.5
Others                             0.4    0.8           1.2    1.7           0.7

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.


SEGMENT INFORMATION                7-9    7-9 change    1-9    1-9 change   1-12
NET SALES BY BUSINESS AREAS       2008   2007      %   2008   2007      %   2007
                                  MEUR   MEUR          MEUR   MEUR          MEUR
Garden                            46.1   48.4     -5  192.9  198.3     -3  251.2
Homeware                          60.2   30.3     99  164.5   55.1    199  142.2
Craft                             20.2   25.0    -19   58.0   77.8    -25   92.1
Outdoor Recreation                27.5   33.3    -17   74.0   89.1    -17  116.2
Inha Works                         5.1    5.5     -8   29.9   33.3    -10   42.1
Real Estate                        1.4    0.3           4.3    3.0     41    5.6
Others                             0.1   -0.2           0.3   -0.6           0.0
Inter-segment sales               -0.6   -0.1          -1.7   -1.7          -2.3
CORPORATE TOTAL                  160.1  142.8     12  522.1  454.2     15  647.0


INTANGIBLE ASSETS AND GOODWILL                              9/2008 9/200712/2007
                                                              MEUR   MEUR   MEUR
Book value, Jan. 1                                           233.8   41.6   41.6
Currency translation adjustment                                0.0   -0.2   -2.8
Acquisitions                                                        197.3  197.3
Capital expenditure                                            1.5    1.1    1.9
Amortization and impairment                                   -3.8   -1.2   -4.2
Disposals and transfers                                        1.4    0.0    0.0
BOOK VALUE AT END OF PERIOD                                  232.9  238.7  233.8


TANGIBLE ASSETS AND INVESTMENT PROPERTY                     9/2008 9/200712/2007
                                                              MEUR   MEUR   MEUR
Book value, Jan. 1                                           130.2  107.4  107.4
Currency translation adjustment                                0.3   -4.3   -4.2
Acquisitions                                                         27.5   27.5
Capital expenditure                                           18.7   12.9   18.6
Depreciation and impairment                                  -16.5  -13.0  -19.0
Disposals and transfers                                       -4.2    0.7    0.0
BOOK VALUE AT END OF PERIOD                                  128.5  131.2  130.2


CONTINGENCIES AND PLEDGED ASSETS                            9/2008 9/200712/2007
                                                              MEUR   MEUR   MEUR
AS SECURITY FOR OWN COMMITMENTS
Guarantees                                                       1             1
Lease commitments                                               68     60     53
Other contingencies                                              6      7      7
TOTAL                                                           76     67     62

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

AS SECURITY FOR SUBSIDIARIES' COMMITMENTS
Guarantees                                                      17     12     13

TOTAL CONTINGENCIES AND PLEDGED ASSETS                          94     80     76


NOMINAL AMOUNTS OF DERIVATIVES

Forward exchange contracts                                      93     56    186
Interest rate swaps                                             16     16     16
Forward interest rate agreements                                       75     60
Electricity forward agreements                                   1      1      1

MARKET VALUE VS. NOMINAL AMOUNTS OF DERIVATIVES

Forward exchange contracts                                       1      0      0
Interest rate swaps                                              0      0      0
Forward interest rate agreements                                        0      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 67.2 million is reported as Dividends from
associate in the Cash Flows Statement. The dividend was received in Q2/2008.


FISKARS CORPORATION

Kari Kauniskangas
President and CEO


Further information: CFO Teemu Kangas-Kärki, tel. +358 40 509 2369