The task of statutory auditing is to verify that Fiskars Group’s financial statements give accurate and adequate information about the Company’s results and financial position. The task of statutory auditing is also to examine that the information in the Report of the Board of Directors is consistent with the information in the financial statements, and that the Report of the Board of Directors has been prepared in accordance with applicable laws and regulations. In addition, auditing includes an audit of Fiskars Group’s accounting. The Company’s Auditors submit the statutory Auditor’s report to the Company’s shareholders in connection with the Company’s financial statements. The Auditors also regularly report their findings to the Board’s Audit Committee and at least once a year to the full Board of Directors.

The Company’s Annual General Meeting elects an Auditor. Proposals to the Annual General Meeting on the election of Auditors are made by the Board based on the recommendation of the Board’s Audit Committee. The Auditors are elected for a term that expires at the end of the following Annual General Meeting.

The Annual General Meeting in 2023 elected Ernst & Young Oy, Authorized Public Accountants, as Auditors, with Authorized Public Accountant Kristina Sandin having the principal responsibility. Ernst & Young Oy is also responsible for overseeing and coordinating the auditing of all Group companies.

A total of EUR 1.7 million was paid in audit fees to the auditors employed by Group companies in 2023. In addition, a total of EUR 0.1 million was paid to the auditors in fees for other consultancy services related to tax matters and other advisory services.

Updated February 20, 2024