Fiskars’ Interim Report January 1 – March 31, 2010

STRONG FIRST-QUARTER PERFORMANCE: NET SALES AND OPERATING PROFIT UP

First quarter 2010 in brief:
– Net sales increased 2% to EUR 170.0 million (166.6)
– Operating profit increased to EUR 12.6 million (8.6)
– Earnings per share were EUR 0.16 (0.22), due to a decline in profit
from associated company Wärtsilä
– Cash flow from operating activities was EUR 13.4 million (15.2)
– Outlook for 2010 updated: Net sales in 2010 are expected to be above
2009 levels (previously: at 2009 levels). Full-year operating profit
excluding non-recurring items is expected to increase compared to 2009
(unchanged).

Fiskars President and CEO, Kari Kauniskangas:
"Fiskars had a strong start to the year and we grew both in terms of
net sales and operating profit. The Garden business, in particular,
performed well, both in EMEA and the Americas. Net sales for the
business area were up 16%, boosted by sales for snow tools across
Europe.

The market situation remains uncertain, which makes predicting
developments difficult. We have, however, succeeded in strengthening
our business and expect to keep up the good work in the coming months.
As a result, we have updated our guidance and expect to increase our
net sales in 2010 compared to 2009."

GROUP KEY FIGURES

EUR million Q1 Q1 Change 1-12
2010 2009 % 2009

Net sales 170.0 166.6* 2 660.3*
Operating profit (EBIT) 12.6 8.6 46 39.5
Share of profit from
associate 5.5 15.2 -64 66.5
Change in the fair value
of biological assets -0.6 -0.3 121 -0.4
Profit before taxes 15.7 18.3 -14 91.4
Profit for the period 12.9 17.0 -24 83.5
Earnings per share, EUR 0.16 0.22 1.05
Equity per share, EUR 5.93 5.52 6.16
Cash flow from
operating activities 13.4 15.2 -12 121.0
Equity ratio, % 51% 43% 52%
Net gearing, % 53% 79% 47%
Capital expenditure 2.5 4.0 -37 14.6
Personnel (FTE), average 3,558 4,085 -13 3,867

*) The figures for 2009 include changes due to reclassification of
certain accounts. Please see the notes to the interim report.

Further information:
– President and CEO Kari Kauniskangas, tel. +358 204 39 5500
– CFO Teemu Kangas-Kärki, tel. +358 204 39 5703

News conference:
An analyst and press conference on the first quarter results will be
held today, May 4, 2010, at 10:00 am at the company's headquarters,
Fiskars Campus, Hämeentie 135 A, Helsinki. Presentation materials will
be available at www.fiskarsgroup.com.

FISKARS' INTERIM REPORT, JANUARY-MARCH 2010
(IFRS, unaudited)

Group results

Fiskars' consolidated net sales in the first quarter of 2010 increased
by 2% to EUR 170.0 million (Q1 2009: 166.6 million). Changes in
exchange rates did not have a significant effect on net sales at Group
level.

Net sales for EMEA (Europe, Middle East, and Asia-Pacific) were EUR
119.8 million (110.7) and EUR 52.5 million (58.6) for the Americas. One
of the reasons for the sales growth in EMEA was the strong demand for
snow tools; while the decline in the Americas was partly due to the
sale of the Brunton in December 2009.

The Group's operating profit increased by 46% to EUR 12.6 million
(8.6). These figures do not include any non-recurring items. The
operating profit for EMEA was EUR 9.2 million (4.6), thanks to profit
improvements mainly in the Home and Garden business areas. Operating
profit for the Americas was EUR 6.2 million (6.5).

Fiskars' share of profit from its associated company, Wärtsilä, during
the first quarter was EUR 5.5 million (15.2), and the change in the
fair value of standing timber was EUR -0.6 million (-0.3).

Net financial costs were EUR 1.8 million (5.3). In 2009, the
change in the value of currency derivatives increased financial
costs. The first-quarter profit before taxes was EUR 15.7 million
(18.3). The profit for the first quarter was EUR 12.9 million
(17.0), and earnings per share were EUR 0.16 (0.22).

Capital expenditure

Capital expenditure totaled EUR 2.5 million (4.0) in the first quarter.
Depreciation was EUR 5.8 million (6.8). Investments were largely
production-related replacement investments.

Financing

Cash flow from operating activities was EUR 13.4 million (15.2) in the
first quarter, and includes dividends paid by associated company
Wärtsilä totaling EUR 29.5 million (25.3). Cash flow from investing
activities was EUR -0.2 million (-3.9) and cash flow after investing
activities was EUR 13.2 million (11.3).

Fiskars' net working capital was EUR 131.2 million (170.7) at the end
of March, which was EUR 31.6 million higher compared to the year-end
figure for 2009. The equity ratio was 51% (43%) and net gearing was 53%
(79%).

Cash and cash equivalents at the end of the period totaled EUR 7.4
million (17.3). Net interest-bearing debt amounted to EUR 257.2 million
(337.4), which was EUR 21.5 million higher compared to the year-end
figure for 2009. Short-term borrowings totaled EUR 189.1 million
(215.6) and long-term borrowings EUR 76.0 million (140.4). Short-term
borrowings are mainly commercial papers issued by Fiskars Corporation.
In addition, Fiskars had EUR 425.0 million (386.6) in unused, binding
long-term credit facilities, mainly with major Nordic banks.

Personnel

The Group employed an average of 3,558 (4,085) full-time equivalent
employees (FTEs) in the quarter: 2,842 (3,156) people in EMEA, 592
(818) in the Americas, and 124 (111) in Other.

Operating segments

Fiskars' operating segments are EMEA (Europe, Middle East, and Asia-
Pacific), Americas, Wärtsilä (associated company), and Other (Real
Estate, corporate headquarter and shared functions). Business areas are
Home (homeware and school, office & craft), Garden, and Outdoor
(outdoor gear and boats).

EMEA

EUR million Q1 Q1 Change 1-12
2010 2009 % 2009

Net sales 119.8 110.7 8 451.6
Net sales, currency neutral 119.8 113.8 5 461.6
Operating profit 9.2 4.6 100 26.5
Capital expenditure 1.6 3.1 -49 10.6
Personnel (FTE), average 2,842 3,156 -10 3,006

Net sales in EMEA increased 8% to EUR 119.8 million (110.7), partly due
to stronger exchange rates against the euro. Using comparable currency
rates, sales were up 5%.

The Home business area developed well in the quarter. Net sales for
home products rose, in Norway and Sweden in particular. Direct consumer
sales through the company's own retail stores were higher than in 2009.

Net sales at the Garden business area grew significantly; sales of snow
tools, in particular, were at a record-high level in several countries.
Sales of garden tools have started well and net sales were above 2009
levels. The market for construction tools is slowly recovering.
Investments in marketing and brand-building continued with a focus on
Germany during the quarter.

Outdoor sales were below 2009 levels, mainly due to the weak
performance of wellness products in Sweden and France. The market for
boats is recovering, and Buster boats sales grew in the quarter.
Product development for new boat models remained at a high level.

The segment recorded an operating profit of EUR 9.2 million (4.6).
Better production efficiency due to increased volumes and the product
mix in the Home and Garden business areas, helped improve the segment's
operating profit. Performance in the Outdoor business area improved,
but continued to have a negative impact on the operating profit.

Americas

EUR million Q1 Q1 Change 1-12
2010 2009 % 2009

Net sales 52.5 58.6 -10 218.2
Net sales, currency neutral 52.5 56.2 -7 215.7
Operating profit 6.2 6.5 -5 23.9
Capital expenditure 0.7 0.5 28 2.8
Personnel (FTE), average 592 818 -28 742

Net sales in the Americas decreased by 10% to EUR 52.5 million (58.6).
Using comparable currency rates, sales decreased by 7%.

Garden net sales developed positively in the quarter, driven by new
product categories and positive development with a major retail
customer.

Net sales for school, office, and craft products decreased, mostly due
to the divestment of the craft consumables business in July 2009. Sales
for craft tools also declined, whereas scissor sales improved in the
quarter.

The largest decline in net sales was seen in the Outdoor business area,
where the Brunton business was sold in December 2009. Sales at Gerber
were lower, as both commercial and institutional sales did not reach
the exceptionally strong sales levels seen in the first quarter of
2009.

The segment's operating profit was EUR 6.2 million (6.5). The cost
savings achieved through the Brunton divestment were offset by
decreased sales volumes at Gerber. Increased sales volumes for garden
products had a positive impact on the operating profit.

Other

EUR million Q1 Q1 Change 1-12
2010 2009 % 2009
Net sales 1.6 1.7 -1 6.1
Operating profit -2.8 -2.5 -12 -10.9
Capital expenditure 0.3 0.4 -28 1.2
Personnel (FTE), average 124 111 12 119

Fiskars' Other segment covers the Real Estate unit, corporate
headquarters, and shared services.

Net sales were EUR 1.6 million (1.7) in the first quarter, largely
consisting of timber sales and rental income. The operating profit was
EUR -2.8 million (-2.5), which was a result of mostly administration
costs.

Wärtsilä

Fiskars owns 17.1% of the shares and votes of its associated company,
Wärtsilä Corporation. Fiskars' share of Wärtsilä's profit totaled EUR
5.5 million (15.2) during the first quarter.

Wärtsilä's Annual General Meeting was held on March 4, 2010. The
Chairman of Fiskars' Board, Mr. Kaj-Gustaf Bergh, was re-elected to
Wärtsilä's Board of Directors. Mr. Alexander Ehrnrooth and Mr. Paul
Ehrnrooth, both members of Fiskars' Board, were elected to the Board as
new members.

The Annual General Meeting decided to pay a dividend of EUR 1.75 per
share (EUR 1.50), which gave Fiskars dividend revenue of EUR 29.5
million (25.3).

The market value of Fiskars' Wärtsilä shares was EUR 631.7 million
(267.7) or EUR 7.71 (3.46) per Fiskars' share at the end of the period,
with a closing price EUR 37.50 (15.89) per Wärtsilä share. In the
consolidated balance sheet the book value of shares was EUR 295.0
million (253.7).

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' Corporate Governance Statement for 2009 in accordance
with Recommendation 51 of the Code was issued on February 11, 2010 as a
separate report.

Fiskars also complies with the insider regulations of NASDAQ OMX
Helsinki, updated on October 9, 2009, and the company's internal
insider guidelines were last updated on November 3, 2009.

Changes in management

Mr. Jaakko Autere took over as President of the Home business area and
Managing Director of Iittala Group Ltd. in January 2010. He reports to
Fiskars' President and CEO, Kari Kauniskangas.

Annual General Meeting for 2010

The Annual General Meeting of Shareholders (AGM) was held on March 16,
2010. The AGM approved the financial statements for 2009 and discharged
the members of the Board and the President and CEO from liability. It
was decided to pay a dividend of EUR 0.52 per share, totaling EUR 42.6
million. The dividend was paid on March 26, 2010.

The number of Board members was set at nine. Mr. Kaj-Gustaf Bergh, Mr.
Ralf Böer, Mr. Alexander Ehrnrooth, Mr. Paul Ehrnrooth, Mr. Gustaf
Gripenberg, Mr. Karsten Slotte, and Mr. Jukka Suominen were re-elected;
and Ms. Louise Fromond and Ms. Ingrid Jonasson Blank were elected as
new members. The term of Board members will expire at the end of the
Annual General Meeting in 2011. KPMG Oy Ab was re-elected as company
auditor, and nominated Authorized Public Accountant Mr. Mauri Palvi as
responsible auditor.

The Annual General Meeting decided to authorize the Board to acquire a
maximum of 4,000,000 own shares and convey a maximum of 4,000,000 own
shares. The Board may decide on the acquisition and conveyance of
shares also in derogation of the pre-emptive right of shareholders to
company shares. Both authorizations will remain in force until the end
of the next Annual General Meeting.

The AGM further decided to amend Item 7 of the Articles of Association.
The amended wording reads as follows: "Shareholders' Meetings (General
Meetings) can be held either in Raasepori or Helsinki. Notices to
Shareholders' Meetings shall be published on the company's website and
in another manner possibly decided by the Board of Directors."

Constitutive meeting of the Board

Convening after the Annual General Meeting, the Board of Directors
elected Kaj-Gustaf Bergh as Chairman, and Alexander Ehrnrooth and Paul
Ehrnrooth as Vice Chairmen.

The Board appointed Gustaf Gripenberg Chairman of the Audit Committee,
and Alexander Ehrnrooth, Paul Ehrnrooth, Louise Fromond, and Karsten
Slotte as members. The Board appointed Kaj-Gustaf Bergh Chairman of the
Compensation Committee, and Ralf Böer, Ingrid Jonasson Blank, and Jukka
Suominen as members. The Board appointed Kaj-Gustaf Bergh Chairman of
the Nomination Committee, and Alexander Ehrnrooth and Paul Ehrnrooth as
members.

Share and shareholders

Fiskars Corporation has one series of shares (FIS1V), following the
combination of the company's series A and K shares in July 2009. All
shares carry one vote each and equal rights.

The total number of shares at the end of the period was 82,023,341,
including 112,619 treasury shares. Treasury shares correspond to 0.14%
of the Corporation's shares and votes. The Board of Directors had
authorizations to acquire and convey company shares but these were not
used during the quarter. The share capital remained unchanged at EUR
77,510,200.

Shares are traded in the Large Cap segment of NASDAQ OMX Helsinki Ltd.
The average share price during the quarter was EUR 12.20 (A share 7.09;
K share 11.23). At the end of March, the closing price was EUR 12.60
per share (A share 6.96; K share 11.15). Fiskars had a market
capitalization of EUR 1,032 million (596), excluding treasury shares,
as of the end of the quarter. The number of shares traded during the
quarter was 1.3 million (0.5), which is 1.6% of the average number of
shares.

The total number of shareholders was 12,284 (10,327) as of the end of
March. Fiskars was not informed of any significant change among its
largest shareholders during the quarter.

Risks and business uncertainties

Fiskars' business, net sales, and financial performance may be affected
by several uncertainties. The principal uncertainties are related to:
– General market conditions and a potential decline in consumer demand
in Fiskars' major market areas in Europe and North America
– Loss of or reduced sales to major retail customers, retailers'
financial difficulties, and disruptions in the activities of a
distribution channel
– Availability of products due to supply chain issues
– Adverse weather conditions in the Garden business area
– Seasonal variations make predicting developments more difficult,
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 the profitability of associated company Wärtsilä or
Wärtsilä's ability to pay dividends.

Events after the review period

The Finnish Competition Authority proposed on April 29, 2010 to the
Market Court that a fine of EUR 4 million should be imposed on Iittala
Group Oy Ab due to violation of the Finnish Competition Act by applying
resale price maintenance between 2005 and 2007. The Iittala Group, a
Fiskars subsidiary, considers as a starting point the proposal to be
unfounded. The Market Court will decide on the matter in due course. No
provision has been booked for the proposed fine.

Outlook for 2010

The market situation is expected to remain uncertain, which will
continue to make predicting developments difficult in 2010. Consumer
demand is stabilizing but retailer purchasing is expected to remain
cautious.

Fiskars expects to strengthen its business and will continue
implementing measures designed to improve its profitability and
competitiveness in 2010. Investments in brands and product development
will be increased, as the Group's capabilities in these areas are
central to its success in a challenging market situation.

Fiskars' net sales in 2010 are expected to be above 2009 levels. Full-
year operating profit excluding non-recurring items is expected to
increase compared to 2009. Fiskars previously estimated its net sales
to be at 2009 levels.

Associated company Wärtsilä will continue to have a major impact on
Fiskars' profit and cash flow in 2010.

Helsinki, Finland, May 3, 2010

Fiskars Corporation
Board of Directors

CONSOLIDATED INCOME STATEMENT 1-3 1-3 Change 1-12
2010 2009* % 2009*
MEUR MEUR MEUR

NET SALES 170.0 166.6 2 660.3

Cost of goods sold -110.3 -112.3 -2 -439.2
GROSS PROFIT 59.7 54.2 10 221.1

Other operating income 1.1 0.7 60 1.8
Sales and marketing expenses -30.2 -28.9 4 -114.2
Administration expenses -16.0 -15.3 5 -60.0
Research and development costs -1.9 -2.1 -5 -8.7
Other operating expenses 0.0 0.0 -0.5
OPERATING PROFIT (EBIT) 12.6 8.6 46 39.5

Change in fair value of
biological assets -0.6 -0.3 -0.4
Share of profit from associate 5.5 15.2 -64 66.5
Other financial income
and expenses -1.8 -5.3 -66 -14.2
PROFIT BEFORE TAXES 15.7 18.3 -14 91.4

Income taxes -2.9 -1.3 -7.9
PROFIT FOR THE PERIOD 12.9 17.0 -24 83.5

Attributable to:
Owners of the Company 12.9 17.0 -24 83.5
Non-controlling interest 0.0 0.0
12.9 17.0 83.5

Earnings for owners of the Company
per share, euro (basic and diluted) 0.16 0.22 1.05

OTHER COMPREHENSIVE INCOME 1-3 1-3 1-12
2010 2009 2009
MEUR MEUR MEUR

Profit for the period 12.9 17.0 83.5

Translation differences 8.3 3.9 -1.9
Change in associate recognized
directly in other comprehensive income 2.2 0.2 12.7
Equity net investment hedges after tax -1.5 1.3
Defined benefit plan, actuarial
gains (losses), net of tax 0.0 -0.5 0.7

Other comprehensive income
for the period, net of tax, in total 10.6 2.1 12.8

Total comprehensive income
for the period 23.4 19.1 96.3

Attributable to:
Owners of the Company 23.4 19.0 96.3
Non-controlling interest 0.0 0.0
23.4 19.1 96.3

*) The previous year's figures include changes due to
reclassification of certain accounts.
Please see the notes to the interim financial statements.

CONSOLIDATED BALANCE SHEET 3/2010 3/2009 Change12/2009
MEUR MEUR % MEUR
ASSETS

NON-CURRENT ASSETS
Goodwill 99.7 99.5 0 99.4
Other intangible assets 128.5 130.4 -1 124.9
Property, plant & equipment 93.2 111.6 -17 99.5
Biological assets 38.3 39.0 -2 38.9
Investment property 8.5 7.8 9 8.5
Investments in associates 295.0 253.7 16 316.8
Financial assets
Shares at fair value through profit and los 3.1 3.1 0 3.0
Other investments 2.0 2.2 -6 2.1
Deferred tax assets 18.0 22.5 -20 17.8
NON-CURRENT ASSETS TOTAL 686.3 669.8 2 710.9

CURRENT ASSETS
Inventories 126.7 161.8 -22 119.0
Trade and other receivables 136.0 131.0 4 101.9
Income tax receivables 2.7 5.2 -48 2.9
Cash and cash equivalents 7.4 17.3 -57 38.6
CURRENT ASSETS, TOTAL 272.8 315.4 -13 262.4

ASSETS TOTAL 959.1 985.2 -3 973.3

EQUITY AND LIABILITIES

Equity attributable to the
owners of the Company 485.7 427.6 14 504.8
Non-controlling interest -0.1
EQUITY TOTAL 485.7 427.6 14 504.8

NON-CURRENT LIABILITIES
Interest bearing debt 76.0 140.4 -46 74.9
Other liabilities 1.3 1.4 -7 0.9
Deferred tax liabilities 46.9 48.5 -3 47.2
Pension liability 9.3 9.7 -4 9.4
Provisions 5.9 9.1 -35 6.7
NON-CURRENT LIABILITIES TOTAL 139.4 209.2 -33 139.1

CURRENT LIABILITIES
Interest bearing debt 189.1 215.6 -12 199.7
Provisions 4.1 4.1 0 2.4
Trade and other payables 131.5 122.1 8 121.3
Income tax payable 9.3 6.6 41 6.1
CURRENT LIABILITIES TOTAL 334.1 348.4 -4 329.4

EQUITY AND LIABILITIES TOTAL 959.1 985.2 -3 973.3

CONSOLIDATED STATEMENT 1-3 1-3 1-12
OF CASH FLOWS 2010 2009 2009
MEUR MEUR MEUR
CASH FLOW FROM OPERATING ACTIVITIES
Profit before taxes 15.7 18.3 91.4
Adjustments for
Depreciation 5.8 6.8 28.1
Share of profit from associate -5.5 -15.2 -66.5
Investment income -0.8 0.0 0.3
Interest expenses 1.8 5.3 14.2
Change in fair value of biological assets 0.6 0.3 0.4
Change in provisions and other non-cash ite -2.1 -0.3 -12.4
Cash flow before changes in working capital 15.5 15.1 55.6

Changes in working capital
Change in current assets,
non-interest bearing -30.0 -25.0 -0.7
Change in inventories -2.1 0.4 50.3
Change in current liabilities,
non-interest bearing 5.0 1.8 4.1
Cash flow from operating activities
before financial items and taxes -11.6 -7.6 109.3

Dividends from associate 29.5 25.3 25.3
Financial costs paid (net) -1.3 -4.6 -13.8
Taxes paid -3.1 2.2 0.2
CASH FLOW FROM OPERATING ACTIVITIES (A) 13.4 15.2 121.0

CASH FLOW FROM INVESTING ACTIVITIES
Acquisitions -0.2
Capital expenditure on fixed assets -2.5 -4.0 -14.5
Proceeds from sale of fixed assets 2.1 0.1 1.6
Cash flow from other investments 0.2 0.0 4.2
CASH FLOW FROM INVESTING ACTIVITIES (B) -0.2 -3.9 -8.7

CASH FLOW FROM FINANCING ACTIVITIES
Borrowings of non-current debt 40.0 40.0
Repayment of non-current debt -0.3 -15.7 -86.5
Change in current debt -0.7 10.1 2.0
Payment of financial lease liabilities -0.3 -0.6 -2.5
Cash flow from other financing items -0.6 -0.9 -0.1
Dividends paid -42.6 -38.2 -38.2
CASH FLOW FROM FINANCING ACTIVITIES (C) -44.6 -5.4 -85.4

CHANGE IN CASH (A+B+C) -31.5 5.9 26.9

Cash at beginning of period 38.6 11.3 11.3
Translation difference 0.3 0.1 0.5
Cash at end of period 7.4 17.3 38.6

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

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

Total comprehensive income for
the period 0.0 4.8 14.3 0.0 19.1
Dividends paid -38.2 -38.2

Mar 31, 2009 77.5 -0.8 -11.7 362.5 -0.1 427.6

Total comprehensive income for
the period -1.1 78.3 0.0 77.2
Dividends paid 0.0 0.0
Acquisition of non-controlling interest 0.1 0.1

Dec 31, 2009 77.5 -0.8 -12.8 440.9 0.0 504.8

Total comprehensive income for
the period 0.0 10.4 13.0 0.0 23.4
Dividends paid -42.6 -42.6

Mar 31, 2010 77.5 -0.8 -2.4 411.3 0.0 485.7

KEY FIGURES * 3/2010 3/2009 Change12/2009
%
Equity/share, euro 5.93 5.52 7 6.16
Equity ratio 51% 43% 17 52%
Net gearing 53% 79% -33 47%
Net interest bearing debt, EUR million 257.2 337.4 -24 235.7
Personnel (FTE), average 3,558 4,085 -13 3,867
Personnel, end of period 3,808 4,060 -6 3,742
Number of shares outstanding end of period,
in thousands
A shares ** 54,832
K shares ** 22,565
Total 81,911 77,398 81,911
Weighted average number of outstanding shares
during period, in thousands 81,911 77,398 79,289

CURRENCY RATES 1-3 1-3 Change 1-12
2010 2009 % 2009
USD average rate 1.38 1.30 6 1.39
USD end-of-period 1.35 1.33 1 1.44

*) Please see the annual financial statements 2009
for the calculation of key figures.
**) The share series of Fiskars Corporation were combined in July 2009.
Please see the notes to the interim financial statements.

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 previous 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 previous year's figures include changes due to reclassification of
certain accounts. The main impacts of the reclassification for 2009 are
summarized below:
– net sales EUR -0.6 million in Q1 2009 and EUR -2.6 million in full year 2009
– gross profit EUR -1.0 million in Q1 2009 and EUR -5.6 million in full year
– the operating profit (EBIT) of 2009 is unchanged
Additionally, Fiskars has adopted following definitions for employee
reporting in 2010:
Personnel, end of period = active employees in payroll at the end of period.
Personnel (FTE), average = full-time equivalent number of
employees according to worked volume during the period.

The share series of Fiskars Corporation were combined in July 2009.
The earnings per share (EPS) in the comparison year´s second half includes
the effect from the change in the number of shares after the combination.

The Group has implemented the following new or amended International
Financial Reporting Standards (IFRS) applicable to the Group as of
January 1, 2010:
– Revised IFRS 3 Business Combinations
– Amended IAS 27 Consolidated and Separate Financial Statements
– IFRS 9 Financial Instruments

The adoption of the standards above had no impact on the reported
results or financial position.

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 1-3 1-3 Change 1-12
NET SALES 2010 2009* % 2009*
MEUR MEUR MEUR
EMEA 119.8 110.7 8 451.6
Americas 52.5 58.6 -10 218.2
Other 1.6 1.7 -1 6.1
Inter-segment sales **) -3.9 -4.4 -15.5
GROUP TOTAL 170.0 166.6 2 660.3

OPERATING SEGMENTS 1-3 1-3 1-12
OPERATING PROFIT (EBIT) 2010 2009* 2009*
MEUR MEUR MEUR
EMEA 9.2 4.6 100 26.5
Americas 6.2 6.5 -5 23.9
Other and eliminations -2.8 -2.5 12 -10.9
GROUP TOTAL 12.6 8.6 46 39.5

OPERATING SEGMENTS 1-3 1-3 1-12
DEPRECIATION, AMORTIZATION AND IMPAIRMENT 2010 2009* 2009*
MEUR MEUR MEUR
EMEA 4.0 4.3 7 20.5
Americas 1.3 2.0 34 7.8
Other and eliminations 0.4 0.4 1 -0.1
GROUP TOTAL 5.8 6.8 15 28.1

OPERATING SEGMENTS 1-3 1-3 1-12
CAPITAL EXPENDITURE 2010 2009 2009
MEUR MEUR MEUR
EMEA 1.6 3.1 -49 10.6
Americas 0.7 0.5 28 2.8
Other and eliminations 0.3 0.4 -28 1.2
GROUP TOTAL 2.5 4.0 -37 14.6

*) The previous year's figures include changes due to
reclassification of certain accounts.
Please see the notes to the interim financial statements.

**) Inter-segment sales
EMEA -2.6 -3.1 -7.7
Americas -0.7 -1.0 -4.6
Other -0.6 -0.4 -3.2

Short delivery times are a prerequisite in Fiskars' operations.
Therefore, the backlog of orders and changes in it are not of
significant importance.

BUSINESS AREAS 1-3 1-3 Change 1-12
NET SALES 2010 2009* % 2009*
MEUR MEUR MEUR
Home 63.0 63.4 -1 297.3
Garden 79.8 68.6 16 230.9
Outdoor 26.1 33.5 -22 128.4
Other 1.0 1.1 -2 3.7
GROUP TOTAL 170.0 166.6 2 660.3

INTANGIBLE AND TANGIBLE ASSETS 3/2010 3/200912/2009
MEUR MEUR MEUR
Intangible Assets and Goodwill
Book value, Jan. 1 224.4 230.2 230.2
Currency translation adjustment 0.3 0.6 -0.1
Acquisitions and divestments 0.2 0.0 -0.5
Additions 0.3 0.1 1.0
Amortization and impairment -1.5 -1.3 -6.0
Decreases and transfers 4.5 0.2 -0.2
Book value at end of period 228.2 229.9 224.4

3/2010 3/200912/2009
Tangible Assets and Investment Property MEUR MEUR MEUR
Book value, Jan. 1 108.0 120.9 120.9
Currency translation adjustment 1.6 0.4 0.1
Acquisitions and divestments 0.0 0.0 -1.5
Additions 2.2 3.9 13.6
Depreciation and impairment -4.4 -5.5 -22.0
Decreases and transfers -5.8 -0.4 -3.0
Book value at end of period 101.7 119.4 108.0

CONTINGENCIES AND PLEDGED ASSETS 3/2010 3/200912/2009
MEUR MEUR MEUR
As security for own commitments
Guarantees 0 0 0
Lease commitments 55 64 60
Other contingencies 5 5 4
Total 59 69 65

Guarantees as security for third-party commitments
Real estate mortgages 0 2 2
Pledged assets 0 0 2
Total 0 2 4

As security for subsidiaries' commitments
Guarantees 10 16 9

Total contingencies and pledged assets 69 87 78

NOMINAL AMOUNTS OF DERIVATIVES

Forward exchange contracts 140 128 151
Interest rate swaps 1 1 1
Electricity forward agreements 2 2 2

MARKET VALUE VS. NOMINAL AMOUNTS OF DERIVATIVES

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

Forward exchange contracts have been valued at market value.

EXCHANGE RATE SENSITIVITY OF THE OPERATIONS

Approximately 10% of Fiskars' commerial cash flows are exposed
to fluctuations in foreign exchange rates. The most significant
risks relate to the depreciation of GBP, SEK and CAD against
USD and EUR. Foreign exchange risks are hedged primarily
through the use of currency forwards and swaps. Change in
valuation of currency derivatives is included in the
income statement without applying hedge accounting.

MEUR EUR USD GBP SEK CAD
Operational currency position -26.5 -19.8 10.1 15.0 8.1
Exchange rate sensitivity of the operations* 2.7 2.0 -1.0 -1.5 -0.8

*) Illustrates the impact of 10% exchange rate depreciation
on the Group's annual profit before taxes.

RELATED PARTY TRANSACTIONS

The dividend from Wärtsilä EUR 29.5 million is reported as Dividends from
associate in the Consolidated Statement of Cash Flows.
The dividend was received during the first quarter of 2010.

ACQUISITIONS AND DIVESTMENTS

In 2010 there are no acquisitions nor divestments.

The following acquisitions and divestments year 2009 have an impact on
the comparability of the figures in 2010.

Fiskars acquired a 30% minority share of Silva Far East Ltd in June 2009.
After the minority share acquisition, the manufacturing company in China became
a wholly owned subsidiary of Silva Sweden AB.

Fiskars sold the Brunton business in in Wyoming, USA in December 2009 to
Fenix Outdoor AB (publ) of Sweden. Brunton was reported as a part
of Fiskars´Outdoor business.
Brunton´s net sales in 2009 were EUR 8.8 million.

Fiskars divested its consumables product lines and the related brands
Heidi Grace and Cloud9 to Colorbök, Inc in the U.S. in July 2009.
Net sales of the business for January – June 2009 amounted to €2.4 million.

FISKARS CORPORATION

Kari Kauniskangas
President & CEO

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. Founded in 1649 and listed on NASDAQ OMX Helsinki, Fiskars is
Finland's oldest company. Fiskars recorded net sales of EUR 663 million
in 2009, and employs some 3,500 people.

www.fiskarsgroup.com