Fiskars’ Interim Report January 1 – September 30, 2010

NET SALES AND OPERATING PROFIT CONTINUED TO GROW STRONGLY IN THE THIRD
QUARTER

Third quarter 2010 highlights:
– Net sales increased 12% to EUR 159.5 million (Q3 2009: 142.0),
at comparable currency rates growth was 6%
– Operating profit increased to EUR 12.9 million (8.8)
– Earnings per share were EUR 0.29 (0.22)
– Cash flow from operating activities was EUR 18.3 million (30.6)
– Outlook for 2010 unchanged: full-year net sales and operating profit,
excluding non-recurring items, to increase compared to 2009

Fiskars President and CEO, Kari Kauniskangas:
"Fiskars' overall performance continued strongly in the third quarter. I am
pleased to see that our hard work and tighter focus on our businesses and
brands are starting to pay off.

All our business areas in Europe improved both their net sales and operating
profit. Sales in the Americas developed positively, despite the divestments
made in 2009. Favorable currency rates also contributed to higher net sales.
We have launched a number of new exiting products and as a result,
strengthened our brands and market position.

We have improved our performance throughout the year. This gives us an
excellent starting-point for the holiday season, which is important
particularly for the Home business area."

GROUP KEY FIGURES

EUR million Q3 Q3 Change Q1-Q3 Q1-Q3 Change Q1-Q4
2010 2009 % 2010 2009 % 2009

Net sales 159.5 142.0* 12 525.3 487.7* 8 660.3*
Operating profit (EBIT) 12.9 8.8 47 47.7 30.0 59 39.5
Share of profit from
associate 17.3 14.7 17 35.9 46.7 -23 66.5
Change in the fair value
of biological assets -0.6 -0.1 -1.8 -0.3 -0.4
Profit before taxes 26.6 20.6 29 76.3 63.2 21 91.4
Profit for the period 24.1 17.9 35 65.4 57.5 14 83.5
Earnings per share, EUR 0.29 0.22 0.80 0.73 1.05
Equity per share, EUR 6.57 5.80 6.16
Cash flow from
operating activities 18.3 30.6 -40 63.0 77.9 -19 121.0
Equity ratio, % 55% 50% 52%
Net gearing, % 41% 59% 47%
Capital expenditure 3.5 3.1 11 11.0 11.1 -1 14.6
Personnel (FTE), average 3,631 3,921 -7 3,594 4,027 -11 3,867

*) The figures for 2009 include changes due to the 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 third quarter results will be held on
November 2, 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 – SEPTEMBER 2010
(IFRS, unaudited)

Group performance in Q3 2010

Fiskars' consolidated net sales in the third quarter of 2010 increased by 12%
to EUR 159.5 million (Q3 2009: 142.0 million). At comparable currency rates,
the sales increase was 6%.

Net sales for EMEA (Europe, Middle East, and Asia-Pacific) were EUR 112.2
million (99.5) as a result of sales growth in all business areas. Net sales
for the Americas were also higher, at EUR 49.2 million (43.7), due to the
stronger US dollar and good performance in the Garden business.

The Group's operating profit increased by 47% to EUR 12.9 million (8.8). The
operating profit for EMEA was EUR 9.3 million (5.9), driven by better
performance in the Home, Garden, and Boat businesses. The operating profit
for the Americas was EUR 5.4 million (4.6), as a result of improved Garden
and Outdoor businesses.

Fiskars' share of profit from its associated company, Wärtsilä, during the
third quarter was EUR 17.3 million (14.7), and the change in the fair value
of standing timber was EUR -0.6 million (-0.1).

Net financial costs were EUR -2.9 million (-2.8). The third-quarter
profit before taxes was EUR 26.6 million (20.6). The profit for the
third quarter was EUR 24.1 million (17.9), and earnings per share were
EUR 0.29 (0.22).

Group performance in January – September 2010

The Group's net sales in the reporting period increased by 8% to EUR 525.3
million (Q1-Q3 2009: 487.7 million). At comparable currency rates, the
increase was 4%. Net sales for EMEA were EUR 359.1 million (326.1), and EUR
172.7 million (168.2) for the Americas.

The Group's operating profit increased by 59% to EUR 47.7 million (30.0,
including 0.5 million of non-recurring costs). The operating profit for EMEA
was EUR 33.3 million (15.8) and EUR 22.8 million (21.7) for the Americas.

Fiskars' share of profit from its associated company Wärtsilä was EUR 35.9
million (46.7), and the change in the fair value of standing timber was EUR
-1.8 million (-0.3).

Net financial costs were EUR -5.5 million (-13.2). In 2009 the valuation
of currency derivatives increased financial costs. Profit before taxes
was EUR 76.3 million (63.2) and profit for the period was EUR 65.4
million (57.5). Earnings per share were EUR 0.80 (0.73).

Capital expenditure

Capital expenditure was EUR 3.5 million (3.1) in the third quarter and
depreciation was EUR 5.9 million (6.3). Investments were largely related to
production-related replacements and new product development. Capital
expenditure for January – September as a whole totaled EUR 11.0 million
(11.1) and depreciation was EUR 17.5 million (21.6).

Financing

Cash flow from operating activities was EUR 18.3 million (30.6) in the third
quarter. In 2009 a significant reduction of inventories increased the cash
flow. Cash flow from operating activities in January – September was EUR 63.0
million (77.9). Dividends paid by associated company Wärtsilä in March
totaled EUR 29.5 million (25.3).

Cash flow from investing activities was EUR -3.5 million (-1.8) and cash flow
after investing activities was EUR 14.8 (28.8) in the third quarter.

Fiskars' working capital was EUR 114.7 million (125.1) as of the end of
September. The equity ratio rose to 55% (50%) and net gearing was 41% (59%).
In addition, the market value of Fiskars' shares in its associated company
Wärtsilä was EUR 806.4 (461.3), which is EUR 479.5 million (165.8) higher
than the book value of these shares.

Cash and cash equivalents at the end of the period totaled EUR 5.2 million
(7.0). Net interest-bearing debt amounted to EUR 221.7 million (279.3).
Short-term borrowings totaled EUR 151.2 million (195.8) and long-term
borrowings EUR 76.1 million (91.7). Short-term borrowings are mainly
commercial papers issued by Fiskars Corporation. In addition, Fiskars had EUR
405.0 million (415.0) in unused, binding long-term credit facilities, mainly
with major Nordic banks.

Personnel

The Group employed an average of 3,594 (4,027) full-time equivalent employees
(FTEs) in January – September: 2,848 (3,127) employees in EMEA, 599 (786) in
the Americas, and 147 (114) in Other. As of the end of September, the Group
had altogether of 3,899 (3,897) employees in payroll.

Operating segments

Fiskars' operating segments are EMEA (Europe, Middle East, and Asia-Pacific),
Americas, Wärtsilä (associated company), and Other (Real Estate, corporate
headquarters and shared services). The company's business areas are Home
(homeware and school, office & craft), Garden, and Outdoor (outdoor equipment
and boats).

EMEA in Q3 2010

EUR million Q3 Q3 Change Q1-Q4
2010 2009 % 2009

Net sales 112.2 99.5 13 451.6
Net sales, currency neutral 112.2 103.1 9 466.2
Operating profit 9.3 5.9 57 26.5
Capital expenditure 2.7 2.2 25 10.6
Personnel (FTE), average 2,858 3,052 -6 3,006

Net sales in EMEA in the third quarter increased 13% to EUR 112.2 million
(99.5). Using comparable currency rates, sales were up 9%.

The Home business area continued to perform strongly. Sales development was
good in Finland and Norway in particular. The company's key international
brands, Iittala and Fiskars, developed well. Sales of school, office, and
craft products declined in the quarter.

The Garden business area had strong overall development. Sales of Fiskars-
branded products improved, primarily those of cutting tools. The launch of a
new ax product range and marketing campaigns in Germany and France
contributed to this growth.

The Outdoor business area developed well. Sales of boats and outdoor
equipment under the Silva and Gerber brands were up. The Buster brand
continued as the market leader in boats in Finland with a record high market
share.

The segment recorded an operating profit of EUR 9.3 million (5.9). Better
efficiency at production plants and outsourcing resulting from higher volumes
contributed to an improved operating profit in the Home and Garden business
areas. The profitability for the boat business developed favorably, but was
still weak.

Americas in Q3 2010

EUR million Q3 Q3 Change Q1-Q4
2010 2009 % 2009

Net sales 49.2 43.7 13 218.2
Net sales, currency neutral 49.2 48.6 1 233.1
Operating profit 5.4 4.6 16 23.9
Capital expenditure 0.6 0.6 0 2.8
Personnel (FTE), average 610 751 -19 742

Net sales in the Americas increased by 13% to EUR 49.2 million (43.7). A
favorable currency rate against USD contributed to the growth in net sales.
Using comparable currency rates, sales were up 1%.

Net sales at the Garden business area developed well, and growth was
particularly strong in Canada. Sales of garden tools and two new categories –
rain barrels and reel mowers – continued to increase.

Sales in the Home business area, which consists of school, office, and craft
(SOC) products, developed positively, thanks to successful back-to-school
campaigns.

In the Outdoor business area, net sales decreased due to the Brunton
divestment in December 2009. Gerber's product sales, however, grew during the
quarter.

The segment's operating profit rose to EUR 5.4 million (4.6) due to higher
volumes in Garden and a better product mix and lower cost levels in the
Outdoor business area.

Other in Q3 2010

EUR million Q3 Q3 Change Q1-Q4
2010 2009 % 2009

Net sales 1.7 1.7 1 6.1
Operating profit -1.8 -1.7 2 -10.9
Capital expenditure 0.1 0.3 -66 1.2
Personnel (FTE), average 164 118 39 119

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

Net sales were EUR 1.7 million (1.7) in the third quarter and largely
consisted of timber sales and rental income. The operating profit was EUR
-1.8 million (-1.7).

Wärtsilä in Q3 2010

Fiskars owns 17.1% of the shares and votes of its associated company,
Wärtsilä Corporation. Fiskars' share of Wärtsilä's profit totaled EUR 17.3
million (14.7) during the third quarter.

The market value of Fiskars' Wärtsilä shares was EUR 806.4 million (461.3) or
EUR 9.85 (5.63) per Fiskars' share at the end of the period, with a closing
price of EUR 47.87 (27.38) per Wärtsilä share. The book value of these shares
in the consolidated balance sheet was EUR 326.9 million (295.4).

Corporate governance

Fiskars complies with the Finnish Corporate Governance Code issued by the
Securities Market Association, which came into force on October 1, 2010.
Fiskars' Corporate Governance Statement for 2009 in accordance with 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.

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 has authorizations to
acquire and/or convey 4,000,000 company 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. The authorizations were not used
during the reporting period. 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 12.89 (9.12). As of the end of
September, the closing price was EUR 14.26 per share (10.65) and the shares'
market capitalization, excluding treasury shares, was EUR 1,168.0 million
(872.3). The number of shares traded during the period was 1.1 million (1.0),
which is 1.4 % of the average number of shares outstanding.

Fiskars paid on March 26, 2010 a dividend of EUR 0.52 per share, totaling EUR
42.6 million.

The total number of shareholders was 12,102 (11,591) as of the end of
September. Fiskars was not informed of any significant changes among its
largest shareholders during the reporting period.

Risks and business uncertainties

Fiskars' business, 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, which can 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 its
ability to pay dividends.

Outlook for 2010

Consumer confidence and retailer purchasing have improved in Europe, but
market developments in the Americas remain cautious and more difficult to
predict.

Fiskars has strengthened its business and continued implementing measures
designed to improve its profitability and competitiveness in 2010.
Investments in brands and product development will continue to be increased,
as the Group's capabilities in these areas are central to its success.

The outlook for 2010 remains unchanged. 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.

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

Helsinki, Finland, November 1, 2010

Fiskars Corporation
Board of Directors

CONSOLIDATED INCOME STATEMENT 7-9 7-9 Change 1-9 1-9 Change 1-12
2010 2009* % 2010 2009* % 2009*
MEUR MEUR MEUR MEUR MEUR

NET SALES 159.5 142.0 12 525.3 487.7 8 660.3

Cost of goods sold -101.0 -92.1 10 -336.9 -325.1 4 -439.2
GROSS PROFIT 58.5 49.9 17 188.5 162.6 16 221.1

Other operating income 0.4 0.3 1.7 1.4 1.8
Sales and marketing expenses -28.5 -26.8 6 -88.7 -82.8 7 -114.2
Administration expenses -15.3 -12.9 19 -47.6 -44.6 7 -60.0
Research and development costs -2.0 -1.9 7 -6.0 -6.4 -6 -8.7
Other operating expenses -0.2 0.0 -0.2 -0.1 -0.5
OPERATING PROFIT (EBIT) 12.9 8.8 47 47.7 30.0 59 39.5

Change in fair value of
biological assets -0.6 -0.1 -1.8 -0.3 -0.4
Share of profit from associate 17.3 14.7 17 35.9 46.7 -23 66.5
Other financial income
and expenses -2.9 -2.8 3 -5.5 -13.2 -59 -14.2
PROFIT BEFORE TAXES 26.6 20.6 29 76.3 63.2 21 91.4

Income taxes -2.6 -2.7 -11.0 -5.7 -7.9
PROFIT FOR THE PERIOD 24.1 17.9 35 65.4 57.5 14 83.5

Attributable to:
Owners of the Company 24.1 17.9 35 65.4 57.5 14 83.5

Earnings for owners of the Company per
share, euro (basic and diluted) 0.29 0.22 0.80 0.73 1.05

OTHER COMPREHENSIVE INCOME 7-9 7-9 1-9 1-9 1-12
2010 2009 2010 2009 2009
MEUR MEUR MEUR MEUR MEUR

Profit for the period 24.1 17.9 65.4 57.5 83.5

Translation differences -11.1 -2.2 7.4 -2.0 -1.9
Change in associate recognized
directly in other comprehensive income 0.0 5.1 3.8 10.5 12.7
Cash flow hedges -0.2 -0.6
Equity net investment hedges after tax 0.6 1.2 1.3
Defined benefit plan, actuarial
gains (losses), net of tax 0.0 0.0 0.0 -0.4 0.7

Other comprehensive income
for the period, net of tax, in total -11.3 3.6 10.6 9.2 12.8

Total comprehensive income
for the period 12.8 21.4 75.9 66.7 96.3

Attributable to:
Owners of the Company 12.8 21.4 75.9 66.7 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 9/2010 9/2009 Change12/2009
MEUR MEUR % MEUR
ASSETS

NON-CURRENT ASSETS
Goodwill 99.8 99.3 0 99.4
Other intangible assets 126.3 126.9 0 124.9
Property, plant & equipment 92.4 104.8 -12 99.5
Biological assets 37.1 39.0 -5 38.9
Investment property 7.8 7.4 5 8.5
Investments in associates 326.9 295.4 11 316.8
Financial assets
Shares at fair value through profit and loss 3.5 2.8 27 3.0
Other investments 1.8 2.5 -29 2.1
Deferred tax assets 15.5 21.3 -27 17.8
NON-CURRENT ASSETS TOTAL 711.0 699.2 2 710.9

CURRENT ASSETS
Inventories 140.2 134.0 5 119.0
Trade and other receivables 108.3 97.7 11 101.9
Income tax receivables 6.2 6.2 0 2.9
Cash and cash equivalents 5.2 7.0 -26 38.6
CURRENT ASSETS, TOTAL 259.9 244.9 6 262.4

ASSETS TOTAL 970.9 944.1 3 973.3

EQUITY AND LIABILITIES

Equity attributable to the
owners of the Company 538.1 475.2 13 504.8
EQUITY TOTAL 538.1 475.2 13 504.8

NON-CURRENT LIABILITIES
Interest bearing debt 76.1 91.7 -17 74.9
Other liabilities 2.4 1.0 143 0.9
Deferred tax liabilities 46.5 48.2 -3 47.2
Pension liability 8.8 9.0 -2 9.4
Provisions 5.2 9.1 -43 6.7
NON-CURRENT LIABILITIES TOTAL 139.1 159.0 -13 139.1

CURRENT LIABILITIES
Interest bearing debt 151.2 195.8 -23 199.7
Provisions 2.5 1.4 75 2.4
Trade and other payables 130.2 103.8 25 121.3
Income tax payable 9.9 8.9 11 6.1
CURRENT LIABILITIES TOTAL 293.7 309.9 -5 329.4

EQUITY AND LIABILITIES TOTAL 970.9 944.1 3 973.3

CONSOLIDATED STATEMENT 7-9 7-9 1-9 1-9 1-12
OF CASH FLOWS 2010 2009 2010 2009 2009
MEUR MEUR MEUR MEUR MEUR
CASH FLOW FROM OPERATING ACTIVITIES
Profit before taxes 26.6 20.6 76.3 63.2 91.4
Adjustments for
Depreciation 5.9 6.3 17.5 21.6 28.1
Share of profit from associate -17.3 -14.7 -35.9 -46.7 -66.5
Investment income 0.1 -0.3 -0.8 -0.3 0.3
Interest expenses 2.9 2.7 5.5 13.2 14.2
Change in fair value of biological assets 0.6 0.1 1.8 0.3 0.4
Change in provisions and other non-cash ite -3.0 -3.9 -4.8 -7.9 -12.4
Cash flow before changes in working capital 15.9 10.8 59.7 43.5 55.6

Changes in working capital
Change in current assets,
non-interest bearing 19.7 15.5 -1.4 3.4 -0.7
Change in inventories -6.2 14.5 -15.4 32.1 50.3
Change in current liabilities,
non-interest bearing -7.4 -8.4 5.3 -13.3 4.1
Cash flow from operating activities
before financial items and taxes 21.9 32.5 48.2 65.7 109.3

Dividends from associate 29.5 25.3 25.3
Financial costs paid (net) -1.5 -2.3 -6.6 -12.6 -13.8
Taxes paid -2.1 0.3 -8.1 -0.4 0.2
CASH FLOW FROM OPERATING ACTIVITIES (A) 18.3 30.6 63.0 77.9 121.0

CASH FLOW FROM INVESTING ACTIVITIES
Acquisitions 0.0 -0.2 -0.2
Capital expenditure on fixed assets -3.7 -3.2 -11.1 -11.0 -14.5
Proceeds from sale of fixed assets 0.2 1.3 2.6 2.0 1.6
Cash flow from other investments 0.0 0.1 -0.2 0.2 4.2
CASH FLOW FROM INVESTING ACTIVITIES (B) -3.5 -1.8 -8.7 -9.0 -8.7

CASH FLOW FROM FINANCING ACTIVITIES
Borrowings of non-current debt 40.0 40.0
Repayment of non-current debt 0.0 -11.0 -0.3 -76.8 -86.5
Change in current debt -21.9 -21.7 -44.6 3.6 2.0
Payment of financial lease liabilities -0.4 -0.6 -1.2 -1.8 -2.5
Cash flow from other financing items 1.1 1.6 -0.3 0.0 -0.1
Dividends paid -42.6 -38.2 -38.2
CASH FLOW FROM FINANCING ACTIVITIES (C) -20.0 -31.9 -87.8 -73.4 -85.4

CHANGE IN CASH (A+B+C) -5.2 -3.1 -33.5 -4.5 26.9

Cash at beginning of period 10.8 10.0 38.6 11.3 11.3
Translation difference -0.4 0.1 0.0 0.2 0.5
Cash at end of period 5.2 7.0 5.2 7.0 38.6

STATEMENT OF CHANGES IN Equity attributable to the Non-cont Total
CONSOLIDATED EQUITY owners of the Company: rolling
Trea- Cumul. interest
Share sury transl. 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 2.6 64.1 0.0 66.7
Dividends paid -38.2 -38.2
Acquisition of non-controlling interest 0.1 0.1

Sep 30, 2009 77.5 -0.8 -13.8 412.4 0.0 475.2

Total comprehensive income for
the period 1.1 28.5 0.0 29.6
Dividends paid 0.0 0.0

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

Total comprehensive income for
the period 0.0 9.3 66.6 0.0 75.9
Dividends paid -42.6 -42.6

Sep 30, 2010 77.5 -0.8 -3.5 464.9 0.0 538.1

KEY FIGURES * 9/2010 9/2009 Change12/2009
%
Equity/share, euro 6.57 5.80 13 6.16
Equity ratio 55% 50% 10 52%
Net gearing 41% 59% -30 47%
Net interest bearing debt, EUR million 221.7 279.3 -21 235.7
Personnel (FTE), average 3,594 4,027 -11 3,867
Personnel, end of period 3,899 3,837 2 3,742
Number of shares outstanding end of period,
in thousands 81,911 81,911 81,911
Weighted average number of outstanding shares
during period, in thousands 81,911 78,406 79,289

*) Please see the annual financial statements 2009
for the calculation of key figures.

CURRENCY RATES 1-9 1-9 Change 1-12
2010 2009 % 2009
USD average rate 1.32 1.36 -4 1.39
USD end-of-period 1.36 1.46 -7 1.44

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.
The interim financial statements are unaudited.

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 -0.5 million in Q3 2009, EUR -1.7 in Q1-Q3 2009
and EUR -2.6 million in full year 2009
– gross profit EUR -1.1 million in Q3 2009, EUR -3.1 million in Q1-Q3 2009
and EUR -5.6 million in full year 2009
– 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.

Fiskars has applied hedge accounting to changes in the fair value of
derivatives designated, qualifying, and effective as cash flow hedges.
The changes are recognized in Other comprehensive income.

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 new or amended IAS/IFRS standards and interpretations
mandatory as of January 1, 2010. Of these the most important are:
– Annual improvements to IFRS
– Revised IFRS 3 Business Combinations
– Amended IAS 27 Consolidated and Separate Financial Statements

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 7-9 7-9 Change 1-9 1-9 Change 1-12
NET SALES 2010 2009* % 2010 2009* % 2009*
MEUR MEUR MEUR MEUR MEUR
EMEA 112.2 99.5 13 359.1 326.1 10 451.6
Americas 49.2 43.7 13 172.7 168.2 3 218.2
Other 1.7 1.7 1 4.6 4.5 1 6.1
Inter-segment sales **) -3.7 -3.0 -11.0 -11.2 -15.5
GROUP TOTAL 159.5 142.0 12 525.3 487.7 8 660.3

OPERATING SEGMENTS 7-9 7-9 1-9 1-9 1-12
OPERATING PROFIT (EBIT) 2010 2009* 2010 2009* 2009*
MEUR MEUR MEUR MEUR MEUR
EMEA 9.3 5.9 57 33.3 15.8 111 26.5
Americas 5.4 4.6 16 22.8 21.7 5 23.9
Other and eliminations -1.8 -1.7 -8.4 -7.4 -10.9
GROUP TOTAL 12.9 8.8 47 47.7 30.0 59 39.5

OPERATING SEGMENTS
DEPRECIATION, AMORTIZATION 7-9 7-9 1-9 1-9 1-12
AND IMPAIRMENT 2010 2009* 2010 2009* 2009*
MEUR MEUR MEUR MEUR MEUR
EMEA 4.0 4.1 -4 12.0 14.5 -18 20.5
Americas 1.5 1.8 -17 4.2 5.8 -27 7.8
Other and eliminations 0.4 0.4 1.4 1.3 -0.1
GROUP TOTAL 5.9 6.3 -6 17.5 21.6 -19 28.1

OPERATING SEGMENTS 7-9 7-9 1-9 1-9 1-12
CAPITAL EXPENDITURE 2010 2009 2010 2009 2009
MEUR MEUR MEUR MEUR MEUR
EMEA 2.7 2.2 25 7.4 8.1 -9 10.6
Americas 0.6 0.6 0 2.8 2.1 31 2.8
Other and eliminations 0.1 0.3 0.9 0.9 1.2
GROUP TOTAL 3.5 3.1 11 11.0 11.1 -1 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 -1.8 -0.9 -6.2 -5.4 -7.9
Americas -1.3 -1.4 -3.0 -4.0 -5.2
Other -0.6 -0.6 -1.8 -1.8 -2.4

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 7-9 7-9 Change 1-9 1-9 Change 1-12
NET SALES 2010 2009* % 2010 2009* % 2009*
MEUR MEUR MEUR MEUR MEUR
Home 78.8 73.7 7 213.8 204.4 5 297.3
Garden 50.0 42.3 18 217.7 190.9 14 230.9
Outdoor 29.5 24.9 18 91.0 89.7 2 128.4
Other 1.1 1.1 2.8 2.7 3.7
GROUP TOTAL 159.5 142.0 12 525.3 487.7 8 660.3

INTANGIBLE AND TANGIBLE ASSETS 9/2010 9/200912/2009
MEUR MEUR MEUR
Intangible Assets and Goodwill
Book value, Jan. 1 224.4 230.2 230.2
Currency translation adjustment 0.3 -0.3 -0.1
Acquisitions and divestments 0.3 0.2 -0.5
Additions 0.9 0.5 1.0
Amortization and impairment -4.3 -4.6 -6.0
Decreases and transfers 4.5 0.1 -0.2
Book value at end of period 226.0 226.2 224.4

9/2010 9/200912/2009
Tangible Assets and Investment Property MEUR MEUR MEUR
Book value, Jan. 1 108.0 120.9 120.9
Currency translation adjustment 1.5 -0.4 0.1
Acquisitions and divestments 0.4 -0.2 -1.5
Additions 10.2 10.5 13.6
Depreciation and impairment -13.5 -16.6 -22.0
Decreases and transfers -6.4 -1.9 -3.0
Book value at end of period 100.2 112.2 108.0

CONTINGENCIES AND PLEDGED ASSETS 9/2010 9/200912/2009
MEUR MEUR MEUR
As security for own commitments
Lease commitments 53 59 60
Other contingencies 5 4 4
Total 57 63 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 10 9

Total contingencies and pledged assets 67 76 78

Fiskars is involved in a number of legal actions, claims and other proceedings.
In certain cases the final outcome of these matters cannot be predicted.
Taking account all available information to date the outcome is not
expected to have material impact on the financial position of the Group.

NOMINAL AMOUNTS OF DERIVATIVES

Forward exchange contracts 184 135 151
Interest rate swaps 24 1 1
Electricity forward agreements 2 0 2

MARKET VALUE VS. NOMINAL AMOUNTS OF DERIVATIVES

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

Forward exchange contracts have been valued at market value.

The Group has no material investment commitments for intangible
assets or property, plant and equipment.

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 USD GBP SEK CAD
Operational currency position -23.4 7.3 16.5 12.3
Exchange rate sensitivity of the operations* 2.3 -0.7 -1.7 -1.2

*) 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 in 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 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 EUR 2.4 million.