Stock exchange release
January 28, 2003
ADVANCE INFORMATION ON FISKARS CORPORATI
ADVANCE INFORMATION ON FISKARS CORPORATIONS FINANCIALS 2002 Unaudited Profit for the period increased to EUR 50 million (23), earnings per share totaled EUR 0.90 (0.41). Corporate net sales were EUR 725 million (762); calculated at fixed rates, the net sales decreased by EUR 14 million, or 2%. The difference of EUR 23 million or 5% is mainly attributable to the weakening dollar rate in relation to euro. Operating profit was EUR 28 million (12). The figure includes EUR 20 million of non-recurring rationalization costs (34). Investment income amounted to EUR 59 million (51). Operational cash flow was good. Thanks to the strong cash flow and partly due to the weakening of the US dollar, interest-bearing liabilities decreased to EUR 269 million (400) and net gearing improved to 57% (96%). Equity ratio increased to 53% (44%). The corporations liquidity continued to be good. Personnel numbered 4,206 (4,556). Profit for the last quarter of the year was EUR 2 million (-5). Net sales ammounted to EUR 143 million (151). Calculated at fixed rates, net sales remained unchanged from the previous year. Operating profit was EUR 0 million (1). Fiskars Corporation will publish its financial statement bulletin on 14 February 2003. SUMMARY OF FISKARS CORPORATIONS INCOME STATEMENT (MEUR) The figures are preliminary Group 10-12/02 10-12/01 1-12/02 1-12/01 change % Net Sales 143 151 725 762 -5 Operating profit 0 1 28 12 +130 Result 2 -5 50 23 +120 Earnings per share (EUR) 0.90 0.41 The Board of Directors proposes a dividend of EUR 0.70/A-share (0,31) and EUR 0.68/K-share (0,29), i.e. a total dividend of EUR 38.4 million (16,8). Fiskars Annual General Meeting will be held on 13 March 2003. Bertel Langenskiöld President and CEO