Fiskars’ new reporting structure and restated comparison figures for 2008

FISKARS' NEW REPORTING STRUCTURE AND RESTATED COMPARISON FIGURES FOR 2008

Fiskars' operating segment and business area structure was changed as
of January 1, 2009. The comparison figures for 2008 have now been
restated according to this new structure and are presented in the
attached tables.

Under the new reporting structure, Fiskars has also changed the
definition for operating profit (EBIT). Fiskars will present its share
of the profit of associated company Wärtsilä and the change in the
fair value of its biological assets (i.e. standing timber) as separate
lines below the EBIT in the income statement from the beginning of
2009 onwards. The restated income statement is presented in the
attached tables.

Fiskars' operating segments remain EMEA (Europe, Middle East, and
Asia-Pacific), Americas, Wärtsilä (associated company), and Other. The
Inha Works business, which mainly consists of boat production, has
been moved from Other to EMEA. Other now covers Real Estate and
corporate headquarter functions.

The business areas are Home, Garden, and Outdoor. The Home business
area includes Homeware as well as School, Office, and Craft (SOC).
Inha Works (Boats) has been included in the Outdoor business area.

The new reporting structure will be used for the first time in the Q1
2009 interim report to be published on May 6, 2009.

Further information:
CFO Teemu Kangas-Kärki, Fiskars Corp., tel. +358 9 6188 6231

Attachments:
– Restated Consolidated Income Statement, by quarter and full-year 2008
– Restated operating segment and business area information, by quarter
and full-year 2008

CONSOLIDATED INCOME STATEMENT 1-3 4-6 7-9 10-12
MEUR, QUARTERLY 2008 2008 2008 2008

Net sales 174.7 187.3 160.1 174.9
Cost of goods sold -119.2 -123.3 -108.8 -132.1
Gross profit 55.5 63.9 51.3 42.8

Other operating income 0.5 0.8 1.3 0.4
Sales and marketing expenses -33.3 -32.7 -29.5 -34.3
Administration expenses -15.4 -14.2 -12.5 -12.3
Research and development costs -2.0 -1.9 -1.5 -2.9
Other operating expenses -0.3 0.8 -1.2 -17.1
Operating profit (EBIT) *) 5.0 16.7 7.8 -23.5

Change in fair value of biological assets -4.9 2.1 0.3 -3.1
Income from associate 13.6 16.2 16.1 24.6

Financial income 0.0 0.2 0.0 0.0
Financial expenses -5.3 -4.7 -3.4 -6.2
Profit before taxes 8.4 30.5 20.7 -8.2

Income taxes 1.0 -3.9 -1.1 1.7
Profit (loss) for the period 9.4 26.6 19.7 -6.5

Attributable to:
Owners of the Company 9.4 26.6 19.7 -6.5
Non-controlling interest 0.0 0.0 0.0 -0.1
9.4 26.6 19.7 -6.5
Earnings for owners of the Company
per share, euro (basic) 0.12 0.34 0.25 -0.08

Earnings per share, euro (diluted) 0.12 0.34 0.25 -0.08

OTHER COMPREHENSIVE INCOME 1-3 4-6 7-9 10-12
MEUR, QUARTERLY 2008 2008 2008 2008

Profit (loss) for the period 9.4 26.6 19.7 -6.5
Translation differences -6.9 -0.5 7.5 -2.0
Changes in associate recognized directly
in equity 2.0 -4.2 -6.8 -9.1
Equity net investment hedges after tax 2.7 -0.1 -3.6 1.6
Defined benefit plan, actuarial
gains (losses), net of tax -0.1 -0.1 -0.1 -0.1
Other changes 0.1 0.1 0.0 0.0
Other comprehensive income
for the period, net of tax, in total -2.1 -4.8 -2.9 -9.6
Total comprehensive income
for the period 7.4 21.8 16.7 -16.1

Attributable to:
Owners of the Company 7.4 21.8 16.7 -16.0
Non-controlling interest 0.0 0.0 0.0 -0.1

CONSOLIDATED INCOME STATEMENT 1-6 1-9 1-12
MEUR, YTD 2008 2008 2008

Net sales 362.0 522.1 697.0
Cost of goods sold -242.6 -351.4 -483.5
Gross profit 119.4 170.7 213.5

Other operating income 1.3 2.5 2.9
Sales and marketing expenses -65.9 -95.5 -129.8
Administration expenses -29.6 -42.1 -54.4
Research and development costs -3.9 -5.4 -8.4
Other operating expenses 0.5 -0.7 -17.8
Operating profit (EBIT) *) 21.7 29.5 6.0

Change in fair value of biological assets -2.8 -2.6 -5.6
Income from associate 29.8 45.9 70.5

Financial income 0.2 0.2 0.0
Financial expenses -10.0 -13.4 -19.4
Profit before taxes 38.9 59.7 51.5

Income taxes -2.9 -4.0 -2.3
Profit (loss) for the period 36.0 55.7 49.2

Attributable to:
Owners of the Company 36.0 55.7 49.3
Non-controlling interest 0.0 0.0 -0.1
36.0 55.7 49.2
Earnings for owners of the Company
per share, euro (basic) 0.47 0.72 0.64

Earnings per share, euro (diluted) 0.47 0.72 0.64

OTHER COMPREHENSIVE INCOME 1-6 1-9 1-12
MEUR, YTD 2008 2008 2008

Profit (loss) for the period 36.0 55.7 49.2
Translation differences -7.4 0.1 -1.9
Changes in associate recognized directly
in equity -2.2 -9.0 -18.1
Equity net investment hedges after tax 2.7 -0.9 0.7
Defined benefit plan, actuarial
gains (losses), net of tax -0.1 -0.2 -0.2
Other changes 0.2 0.2 0.2
Other comprehensive income
for the period, net of tax, in total -6.8 -9.8 -19.3
Total comprehensive income
for the period 29.2 45.9 29.9

Attributable to:
Owners of the Company 29.2 45.9 30.0
Non-controlling interest 0.0 0.0 -0.1

*) IAS 1 Presentation of Financial Statements does not give a
definition for operating profit. In Fiskars' accounting principles
from the beginning of 2009 onwards, the operating profit includes
operating results of Fiskars operating segments EMEA, America, and
Others. The share of the profit of associated company Wärtsilä and the
change in the fair value of biological assets are not included in the
operating profit.

OPERATING SEGMENTS 1-3 4-6 7-9 10-12
MEUR, QUARTERLY 2008 2008 2008 2008

Net sales
EMEA 127.3 130.5 109.0 124.4
Americas 51.8 58.9 52.2 53.7
Other 1.8 1.3 1.5 1.2
Inter-segment sales **) -6.2 -3.5 -2.6 -4.4
Group total 174.7 187.3 160.1 174.9

Operating profit (EBIT)
EMEA 4.3 11.0 5.4 1.0
Americas 2.1 6.7 5.1 -18.0
Other and eliminations -1.4 -1.0 -2.7 -6.6
Group total 5.0 16.7 7.8 -23.5

Depreciation and amortization
EMEA 4.3 4.4 4.8 4.8
Americas 1.8 1.7 1.7 7.6
Other and eliminations 0.4 0.4 0.4 0.5
Group total 6.6 6.5 6.9 12.8

Capital expenditure
EMEA 4.9 8.2 6.2 4.4
Americas 0.4 0.9 1.3 0.4
Other and eliminations 0.3 0.6 0.5 1.6
Group total 5.6 9.7 8.0 6.5

BUSINESS AREAS 1-3 4-6 7-9 10-12
MEUR, QUARTERLY 2008 2008 2008 2008

Net sales
Home 67.2 74.9 80.4 94.3
Garden 71.1 75.7 46.1 38.3
Outdoor 35.1 36.2 32.6 41.2
Other 1.4 0.5 0.9 1.0
Group total 174.7 187.3 160.1 174.9

**) Inter-segment sales
EMEA -3.7 -2.2 -1.6 -2.7
Americas -1.8 -1.2 -1.0 -1.1
Other -0.7 -0.1 0.0 -0.5

OPERATING SEGMENTS 1-6 1-9 1-12
MEUR, YTD 2008 2008 2008

Net sales
EMEA 257.9 366.9 491.3
Americas 110.7 162.9 216.5
Other 3.1 4.7 5.9
Inter-segment sales **) -9.7 -12.3 -16.7
Group total 362.0 522.1 697.0

Operating profit (EBIT)
EMEA 15.3 20.7 21.7
Americas 8.8 13.9 -4.0
Other and eliminations -2.4 -5.1 -11.7
Group total 21.7 29.5 6.0

Depreciation and amortization
EMEA 8.7 13.5 18.3
Americas 3.5 5.2 12.8
Other and eliminations 0.9 1.3 1.8
Group total 13.1 20.0 32.9

Capital expenditure
EMEA 13.1 19.3 23.7
Americas 1.4 2.6 3.0
Other and eliminations 0.9 1.4 3.1
Group total 15.4 23.3 29.8

BUSINESS AREAS 1-6 1-9 1-12
MEUR, YTD 2008 2008 2008

Net sales
Home 142.0 222.4 316.8
Garden 146.8 192.9 231.2
Outdoor 71.3 103.9 145.2
Other 1.9 2.8 3.9
Group total 362.0 522.1 697.0

**) Inter-segment sales
EMEA -5.9 -7.5 -10.3
Americas -2.9 -4.0 -5.1
Other -0.8 -0.8 -1.4

FISKARS CORPORATION
Kari Kauniskangas

Fiskars is a leading global supplier of consumer products for the home, garden
and outdoors. The group has a strong portfolio of trusted international brands
including Fiskars, Iittala, Gerber, Silva, and Buster. Associated company,
Wärtsilä Corporation, is also an important part of the group, and forms one of
Fiskars' operating segments, together with the Americas, EMEA, and Other.
Founded in 1649 and listed on NASDAQ OMX Helsinki, Fiskars is Finland's oldest
company. Fiskars recorded net sales of EUR 697 million in 2008, and employs some
4,100 people.

www.fiskars.fi