Fiskars recognizes a EUR 7.0 million non-recurring write-down
Fiskars Corp. Stock Exchange Release December 16, 2014 at 8.30 EET
The estimated lifespan of some of the first system implementations within Fiskars five year investment program in Europe have been reduced due to a re-evaluation of the program roadmap. Accordingly, Fiskars will recognize a non-recurring EUR 7.0 million write-down against the intangible assets in its result for the fourth quarter of 2014. The write down has no effect on the Group’s cash flow or outlook for the financial year 2014.
President and CEO
For more information, please contact:
Teemu Kangas-Kärki, COO and CFO, tel. +358 204 39 5703
Fiskars 365 – celebrating centuries of pride, passion and design. Every day.
Established in 1649 as an ironworks in a small Finnish village, Fiskars has grown to be a leading global supplier of consumer products for the home, garden and outdoors. Available in more than 60 countries, Fiskars products solve everyday problems, making daily home, garden and outdoor projects easier and more enjoyable through superior performance and design. Fiskars is listed on NASDAQ OMX Helsinki, and in 2013 the company’s net sales were EUR 799 million. The Group’s key international brands are Fiskars, Iittala and Gerber. www.fiskarsgroup.com/365