Stock exchange release
June 13, 2008
FISKARS FULL-YEAR OUTLOOK CHANGED
FISKARS FULL-YEAR OUTLOOK CHANGED The weakening of the consumer markets seen during the first months of the year as well as a decrease in demand in both Europe and the US has continued during the second quarter. Weakened consumer confidence is increasingly expressed in cautious purchasing both among consumers and in the trade. The full year operating profit for Fiskars Corporation, excluding income from associate and the change in the value of standing timber, is expected to be somewhat lower than the previous year's result. (The previous Outlook published on May 8, 2008 was: “Full year operating profit, excluding income from associate and change in the value of standing timber, is expected to remain at a level of the previous year.”) Kari Kauniskangas President and CEO Founded in 1649, Fiskars is a leading supplier of branded consumer goods. Fiskars business areas are: Garden, Homeware, Craft, Outdoor Recreation, Inha Works, and the Real Estate Group. Its major international brands are Fiskars, Iittala, Gerber, Silva, and Buster. The associated company Wärtsilä Corporation is also an important part of the Corporation. Fiskars business segments are Americas, EMEA, Wärtsilä, and Other. Fiskars' shares are quoted on OMX Nordic Exchange Helsinki. In 2007, the Fiskars Corporation net sales were EUR 658 million, the operating profit EUR 110 million and the Corporation employed some 4,500 people. www.fiskars.fi