Fiskars’ restated segment information for 2016 according to the new organizational structure

Fiskars Corporation Stock Exchange Release April 20, 2017 at 8:30 EEST  Fiskars’ restated segment information for 2016 according to the new organizational structure  Fiskars has today published restated quarterly segment information for the year 2016 concerning the new primary reporting segments: Living, Functional and Other segment as well as the geographical segments Europe, Americas, and Asia-Pacific.  As announced on November 10, 2016, Fiskars has changed its organizational structure with the aim to leverage the full potential of its strong brands, build company-wide capabilities and increase speed and alignment. Starting from January 2017, the new structure features two Strategic Business Units (SBU): Living and Functional. Following the changes in the organizational structure, Fiskars also revised its financial reporting structure.  As of Q1 2017, Fiskars’ three primary reporting segments are: Living, Functional, and Other. In addition, Fiskars reports group-level net sales for three geographical reporting segments: Europe, Americas, and Asia-Pacific.       SBU Living offers premium and luxury products for tabletop, giftware and interior décor. It consists of the English & Crystal Living and Scandinavian Living businesses. English & Crystal Living business includes brands such as Waterford, Wedgwood, Royal Albert, and Royal Doulton. Scandinavian Living business includes brands such as Iittala, Royal Copenhagen, Rörstrand, and Arabia.   SBU Functional provides tools for use in and around the house as well as outdoors, and consists of brands such as Fiskars, Gerber, and Gilmour. The former Outdoor business operates as a part of the SBU Functional.   Other segment contains the Group’s investment portfolio, real estate unit, corporate headquarters, and shared services.  Fiskars presents the following restated, comparable and unaudited historical information: quarterly key figures for primary reporting segments in 2016: Living, Functional and Other, as well as geographical reporting segments: Europe, Americas, and Asia-Pacific.   NET SALES BY SEGMENT                       EUR million Q1 2016 Q2 2016 Q3 2016 Q4 2016 2016 Living 128.9 125.0 144.8 199.4 598.1 Functional 166.4 167.5 134.9 133.9 602.7 Other 0.9 1.0 1.1 0.8 3.8 Group total 296.2 293.5 280.8 334.1 1 204.6             ADJUSTED EBITA BY SEGMENT                       EUR million Q1 2016 Q2 2016 Q3 2016 Q4 2016 2016 Living 3.7 -0.6 16.9 39.4 59.4 Functional 23.0 23.8 9.8 0.6 57.1 Other -1.7 -2.3 -1.8 -3.7 -9.5 Group total 25.0 20.9 24.9 36.3 107.1             ADJUSTED OPERATING PROFIT (EBIT) BY SEGMENT                       EUR million Q1 2016 Q2 2016 Q3 2016 Q4 2016 2016 Living 1.7 -2.8 14.8 37.1 50.8 Functional 21.9 22.4 8.5 -1.1 51.8 Other -1.7 -2.3 -1.8 -3.0 -8.7 Group total 21.9 17.3 21.6 33.0 93.8             OPERATING PROFIT (EBIT) BY SEGMENT                       EUR million Q1 2016 Q2 2016 Q3 2016 Q4 2016 2016 Living 0.7 -3.8 19.4 32.7 49.0 Functional 20.6 22.1 2.8 -5.2 40.3 Other 2.3 -3.5 -2.1 -3.4 -6.7 Group total 23.7 14.8 20.1 24.1 82.7             CAPITAL EXPENDITURE BY SEGMENT                       EUR million Q1 2016 Q2 2016 Q3 2016 Q4 2016 2016 Living 3.0 3.7 3.1 5.0 14.9 Functional 4.6 5.3 6.2 5.7 21.8 Other 0.6 1.1 0.3 -1.1 0.9 Group total 8.2 10.2 9.6 9.6 37.6             NET SALES BY GEOGRAPHICAL SEGMENTS                       EUR million Q1 2016 Q2 2016 Q3 2016 Q4 2016 2016 Europe 135.0 131.9 126.1 162.2 555.3 Americas 128.8 128.5 116.4 116.2 489.9 Asia-Pacific 33.0 33.3 34.0 53.0 153.3 Unallocated* -0.6 -0.1 4.3 2.7 6.2 Group total 296.2 293.5 280.8 334.1 1 204.6 * Geographically unallocated exchange rate differences   FISKARS CORPORATION Teemu Kangas-Kärki Interim CEO and President Media and investor contacts VP, Corporate Communications and Sustainability Maija Taimi, tel. +358 204 39 5031, communications@fiskars.com Fiskars – Making the everyday extraordinary Fiskars serves consumers and customers around the world with globally recognized brands including Fiskars, Gerber, Iittala, Royal Copenhagen, Waterford, and Wedgwood. Building on our mission to create a family of iconic lifestyle brands, Fiskars’ vision is to create a positive, lasting impact on our quality of life. Please visit www.fiskarsgroup.com for more information.