Stock exchange release August 2, 2007
FISKARS RECEIVED APPROVAL FROM THE COMPETITION AUTHORITIES FOR PURCHASE OF IITTALA GROUP
FISKARS RECEIVED APPROVAL FROM THE COMPETITION AUTHORITIES FOR PURCHASE OF IITTALA GROUP Fiskars Corporation has received the approval of the competition authorities of purchase of Iittala Group from the private equity company ABN AMRO Capital, the company's management and other private shareholders. The transaction is expected to be closed by the end of August 2007. Iittala Group is a leading homeware design company, and offers a wide range of products representing the best in modern Scandinavian design. The Group operates through brands such as Iittala, its leading brand; Arabia; Hackman; BodaNova; Höganäs Keramik; Rörstrand and Høyang-Polaris. In 2006, Iittala Group had a turnover of EUR 190 million, and employed 1,353 people as of the end of the year. Fiskars Corporation will publish the Interim Report January - June 2007 on Wednesday, August 8, 2007 at 8.30 a.m. Heikki Allonen President and CEO Founded in 1649, Fiskars (www.fiskars.fi) in an international corporation which includes the subsidiaries Fiskars Brands, Inha Works, and the Real Estate Group. Fiskars holdings in associated company Wärtsilä is also an important part of Fiskars Corporation. In 2006, the net sales of Fiskars Corporation was EUR 535 million, its operating profit EUR 86 million. The Corporation employed some 3,000 people around the world. Globally, the Corporation's best known products are its orange-handled scissors and its garden tools.