THE EFFECTS OF THE NEW ORGANIZATION ON THE FISKARS SEGMENT INFORMATION AND THE EFFECTS OF WÄRTSILÄ’S COMBINATION OF THE SHARE SERIES ON FISKARS

Stock Exchange Release March 20, 2008, at 8.30 a.m.

THE EFFECTS OF THE NEW ORGANIZATION ON THE FISKARS SEGMENT
INFORMATION AND THE EFFECTS OF WÄRTSILÄ'S COMBINATION OF THE SHARE
SERIES ON FISKARS

NEW SEGMENTS

On March 7, 2008, Fiskars announced a new organization and a
related new structure for segment reporting. From the beginning of
2008, Fiskars reports the following business segments: Americas,
EMEA, and Other. The segment Other consists of Inha Works and the
Real Estate Group. Wärtsilä continues to be reported as a separate
segment.

The accompanying table presents the comparative figures for 2007
according to the new reporting structure.

The 2007 financial statements were made according to the previous
segment division. The new segment division will be used in the
interim report for this year's first quarter, published on May 8,
2008. Fiskars will also present the change in fair value of
biological assets as a separate line in the income statement.

WÄRTSILÄ

The decision of Wärtsilä's Annual General Meeting (March 19, 2008)
to combine the share series A and B results in an increase of
holdings of Fiskars of the share capital from 16.5 percent to 17.1
percent and in a decrease of voting rights from 32.2 percent to
17.1 percent. Fiskars has treated Wärtsilä as an associated
company, because its voting rights have exceeded 20 percent.
Following the combination of Wärtsilä's share series, Fiskars
proportion of the voting rights is less than 20 percent.

Fiskars has been a long-term investor in Wärtsilä and the
associated company Wärtsilä's results have had a significant
impact on Fiskars' results. The Annual General Meeting of Wärtsilä
has on the proposal of Wärtsilä's Nomination Committee elected the
Chairman of the Board of Fiskars, Kaj-Gustaf Bergh and the Fiskars
President and CEO, Kari Kauniskangas as members of the Wärtsilä
Board of Directors. Fiskars Corporation continues to be Wärtsilä's
largest single shareholder with more than 17% of the votes.
Fiskars estimates that the Corporation has a significant influence
on the target company as defined in IAS 28 and will continue to
report Wärtsilä as an associated company.

Fiskars will publish the interim report for the first quarter of
2008 on May 8, 2008.

Kari Kauniskangas

President and CEO

For more information, please contact: Juha Rauhala, Interim Vice
President, Corporate Control and Finance, +358-400 528 6645

Founded in 1649, Fiskars is a leading supplier of branded consumer goods.
Fiskars business areas are: Garden, Homeware, Craft, Outdoor Recreation, Inha
Works, and the Real Estate Group. Major international brands are Fiskars,
Iittala, Gerber, Silva, and Buster. The associated company Wärtsilä Corporation
is also an important part of the Corporation. Fiskars business segments are
Americas, EMEA, Wärtsilä and Other.
In 2007, the Fiskars Corporation net sales were EUR 658 million, the operating
profit EUR 110 million and the Corporation employed some 4,500 people.
www.fiskars.fi

CONSOLIDATED INCOME STATEMENT
January 1 – December 31, 2007
MEUR 1-12Adjustm. 1-12

NET SALES (1) 658.1 -11.1 647.0
Cost of goods sold -437.8 -437.8
GROSS PROFIT 220.3 -11.1 209.2

Other operating income 5.8 5.8
Change in fair value of biological assets(1) 11.1 11.1
Sales and marketing expenses -99.4 -99.4
Administration expenses -48.8 -48.8
Research and development costs -7.4 -7.4
Other operating expenses -4.2 -4.2
Income from associate 43.3 43.3
OPERATING PROFIT (EBIT) 109.5 0.0 109.5

Gain on sale of Wärtsilä shares 23.7 23.7
Financial income 3.0 3.0
Financial expenses -13.7 -13.7
PROFIT BEFORE TAXES 122.5 0.0 122.5

Income taxes -12.1 -12.1
PROFIT (LOSS) FOR THE PERIOD 110.4 0.0 110.4

Attributable to:
Equity holders of the Parent Company 110.0 110.0
Minority interest 0.3 0.3
110.4 110.4

1) Change in fair value of biological assets is reported as separate line item

CONSOLIDATED INCOME STATEMENT
January 1 – March 31, 2007
MEUR 1-3Adjustm. 1-3

NET SALES 152.0 -2.1 149.9
Cost of goods sold -103.6 -103.6
GROSS PROFIT 48.4 -2.1 46.3

Other operating income 0.9 0.9
Change in fair value of biological assets 2.1 2.1
Sales and marketing expenses -21.3 -21.3
Administration expenses -13.2 -13.2
Research and development costs -1.5 -1.5
Other operating expenses -0.5 -0.5
Income from associate 6.9 6.9
OPERATING PROFIT (EBIT) 19.8 0.0 19.8

Gain on sale of Wärtsilä shares 0.0
Financial income 0.7 0.7
Financial expenses -2.4 -2.4
PROFIT BEFORE TAXES 18.1 0.0 18.1

Income taxes -3.4 -3.4
PROFIT (LOSS) FOR THE PERIOD 14.7 0.0 14.7

Attributable to:
Equity holders of the Parent Company 14.7 14.7
Minority interest 0.0 0.0
14.7 14.7

CONSOLIDATED INCOME STATEMENT
April 1 – June 30, 2007
MEUR 4-6Adjustm. 4-6

NET SALES 165.5 -3.9 161.6
Cost of goods sold -109.3 -109.3
GROSS PROFIT 56.2 -3.9 52.3

Other operating income -0.1 -0.1
Change in fair value of biological assets 3.9 3.9
Sales and marketing expenses -19.5 -19.5
Administration expenses -12.3 -12.3
Research and development costs -1.5 -1.5
Other operating expenses -0.1 -0.1
Income from associate 8.6 8.6
OPERATING PROFIT (EBIT) 31.3 0.0 31.3

Gain on sale of Wärtsilä shares 0.0
Financial income 1.1 1.1
Financial expenses -3.5 -3.5
PROFIT BEFORE TAXES 28.9 0.0 28.9

Income taxes -3.6 -3.6
PROFIT (LOSS) FOR THE PERIOD 25.3 0.0 25.3

Attributable to:
Equity holders of the Parent Company 25.3 25.3
Minority interest 0.0 0.0
25.3 25.3

CONSOLIDATED INCOME STATEMENT
January 1 – June 30, 2007
MEUR 1-6Adjustm. 1-6

NET SALES 317.5 -6.0 311.5
Cost of goods sold -212.9 -212.9
GROSS PROFIT 104.6 -6.0 98.6

Other operating income 0.8 0.8
Change in fair value of biological assets 6.0 6.0
Sales and marketing expenses -40.8 -40.8
Administration expenses -25.4 -25.4
Research and development costs -3.0 -3.0
Other operating expenses -0.6 -0.6
Income from associate 15.5 15.5
OPERATING PROFIT (EBIT) 51.1 0.0 51.1

Gain on sale of Wärtsilä shares 0.0
Financial income 1.7 1.7
Financial expenses -5.8 -5.8
PROFIT BEFORE TAXES 47.0 0.0 47.0

Income taxes -7.1 -7.1
PROFIT (LOSS) FOR THE PERIOD 40.0 0.0 40.0

Attributable to:
Equity holders of the Parent Company 40.0 40.0
Minority interest 0.0 0.0
40.0 40.0

CONSOLIDATED INCOME STATEMENT
July 1 – September 30, 2007
MEUR 7-9Adjustm. 7-9

NET SALES 148.3 -5.5 142.8
Cost of goods sold -96.9 -96.9
GROSS PROFIT 51.4 -5.5 45.9

Other operating income 1.3 1.3
Change in fair value of biological assets 5.5 5.5
Sales and marketing expenses -23.0 -23.0
Administration expenses -12.6 -12.6
Research and development costs -1.6 -1.6
Other operating expenses 1.3 1.3
Income from associate 11.1 11.1
OPERATING PROFIT (EBIT) 27.8 0.0 27.8

Gain on sale of Wärtsilä shares 16.8 16.8
Financial income 0.9 0.9
Financial expenses -4.0 -4.0
PROFIT BEFORE TAXES 41.4 0.0 41.4

Income taxes -3.2 -3.2
PROFIT (LOSS) FOR THE PERIOD 38.2 0.0 38.2

Attributable to:
Equity holders of the Parent Company 38.2 38.2
Minority interest 0.0 0.0
38.2 38.2

CONSOLIDATED INCOME STATEMENT
January 1 – September 30, 2007
MEUR 1-9Adjustm. 1-9

NET SALES 465.7 -11.5 454.2
Cost of goods sold -309.8 -309.8
GROSS PROFIT 155.9 -11.5 144.4

Other operating income 2.1 2.1
Change in fair value of biological assets 11.5 11.5
Sales and marketing expenses -63.8 -63.8
Administration expenses -38.0 -38.0
Research and development costs -4.6 -4.6
Other operating expenses 0.7 0.7
Income from associate 26.6 26.6
OPERATING PROFIT (EBIT) 78.8 0.0 78.8

Gain on sale of Wärtsilä shares 16.8 16.8
Financial income 2.7 2.7
Financial expenses -9.8 -9.8
PROFIT BEFORE TAXES 88.4 0.0 88.4

Income taxes -10.3 -10.3
PROFIT (LOSS) FOR THE PERIOD 78.1 0.0 78.1

Attributable to:
Equity holders of the Parent Company 78.1 78.1
Minority interest 0.0 0.0
78.1 78.1

CONSOLIDATED INCOME STATEMENT
October 1 – December 31, 2007
MEUR 10-12Adjustm. 10-12

NET SALES 191.8 0.4 192.2
Cost of goods sold -127.9 -127.9
GROSS PROFIT 63.9 0.4 64.3

Other operating income 2.3 2.3
Change in fair value of biological assets -0.4 -0.4
Sales and marketing expenses -35.4 -35.4
Administration expenses -10.8 -10.8
Research and development costs -2.4 -2.4
Other operating expenses -3.5 -3.5
Income from associate 16.7 16.7
OPERATING PROFIT (EBIT) 30.7 0.0 30.7

Gain on sale of Wärtsilä shares 6.9 6.9
Financial income 0.3 0.3
Financial expenses -3.8 -3.8
PROFIT BEFORE TAXES 34.1 0.0 34.1

Income taxes -1.8 -1.8
PROFIT (LOSS) FOR THE PERIOD 32.3 0.0 32.3

Attributable to:
Equity holders of the Parent Company 31.9 31.9
Minority interest 0.3 0.3
32.3 32.3

Fiskars continues to streamline and organize its structure from the previous
holding company structure towards a clear operational Branded Consumer Goods
Company. Fiskars re-organizes its management structure to improve the
efficiency of its operations. The target is to achieve a clear regional
responsibility as well as a stronger focus behind each individual business
area. This has resulted in a change in the group's reportable segments.

Segment information

The group's reportable segments are:
– Americas – the segment includes sales of consumer goods: craft, garden,
outdoor recreation and homewares to retailers in USA, Canada and Latin America.
– EMEA – the segment includes sales of consumer goods: craft, garden, outdoor
recreation and homewares to retailers in Europe, Middle-East and Asia. The
segment also sells designer homeware directly to consumers via its own retail
outlets.

– Other – the segment Other consist of Inha Works and Real Estate

– Inha Works: The major part of Inha's revenues comes from selling aluminum
boats to retailers in Finland and other Nordic countries.
– Real Estate is active in Finland, with external rental income coming from
the Fiskars Village area in Finland. Forestry is part of the segment's
business activities.

In the Americas the Fiskars branded consumer products distribution, logistics
and consumer preferences are common within different business areas. In the
EMEA area the markets and distribution are more diversified, but from the
customer point of view the business areas operate in a common environment. In
the segment Other the business logic for Inha Works and Real Estate differ from
the EMEA segment operations.

Management monitors the operating results of business segments separately for
the purpose of making decisions. Finance income and costs and income taxes are
managed on group basis and accordingly not allocated to operating segments.

Unallocated items
The unallocated items of the Income Statement contain corporate-level costs and
income. Discontinued operations are also included in unallocated items.
Unallocated assets comprise items related to corporate administration, tax
receivables, loan receivables and equity instruments. The unallocated
liabilities comprise long- and short-term debt and tax liabilities.

SEGMENT INFORMATION
OPERATING SEGMENTS
MEUR

NET SALES, QUARTERLY 1-3 4-6 7-9 10-12
EMEA 73.9 76.3 73.2 131.6
Americas 67.5 74.8 68.5 55.3
Other 13.5 16.0 6.4 10.0
Unallocated and eliminations -5.0 -5.5 -5.4 -4.8
CORPORATE TOTAL 149.9 161.6 142.8 192.2

NET SALES, CUMULATIVE 1-3 1-6 1-9 1-12
EMEA 73.9 150.2 223.5 355.1
Americas 67.5 142.3 210.8 266.1
Other 13.5 29.5 35.9 45.9
Unallocated and eliminations -5.0 -10.5 -15.9 -20.1
CORPORATE TOTAL 149.9 311.5 454.2 647.0

OPERATING PROFIT, QUARTERLY 1-3 4-6 7-9 10-12
EMEA 10.1 9.3 3.6 15.2
Americas 1.1 9.3 8.8 3.7
Other 3.7 5.9 5.2 -0.1
Associate Wärtsilä 6.9 8.6 11.1 16.7
Unallocated and eliminations -2.0 -1.8 -0.8 -4.7
CORPORATE TOTAL 19.8 31.3 27.8 30.7

OPERATING PROFIT, CUMULATIVE 1-3 1-6 1-9 1-12
EMEA 10.1 19.3 22.9 38.2
Americas 1.1 10.4 19.2 22.9
Other 3.7 9.6 14.8 14.6
Associate Wärtsilä 6.9 15.5 26.6 43.3
Unallocated and eliminations -2.0 -3.8 -4.7 -9.4
CORPORATE TOTAL 19.8 51.1 78.8 109.5

DEPRECIATIONS, QUARTERLY 1-3 4-6 7-9 10-12
EMEA 2.1 2.2 2.7 3.8
Americas 2.4 2.3 2.3 2.4
Other 0.7 0.7 0.7 0.6
Unallocated and eliminations 0.0 0.0 0.0 0.0
CORPORATE TOTAL 5.2 5.2 5.7 7.0

DEPRECIATIONS, CUMULATIVE 1-3 1-6 1-9 1-12
EMEA 2.1 4.3 6.9 10.7
Americas 2.4 4.7 7.0 9.3
Other 0.7 1.4 2.1 2.7
Unallocated and eliminations 0.0 0.1 0.1 0.2
CORPORATE TOTAL 5.2 10.4 16.1 23.2

CAPITAL EXPENDITURE, QUARTERLY 1-3 4-6 7-9 10-12
EMEA 1.9 15.7 158.7 5.1
Americas 0.6 1.1 0.7 0.8
Other 0.9 1.3 1.7 1.4
Associate Wärtsilä 20.7 8.3
Unallocated and eliminations 0.1 0.3 0.8 0.4
CORPORATE TOTAL 3.6 18.5 182.5 16.0

CAPITAL EXPENDITURE, CUMULATIVE 1-3 1-6 1-9 1-12
EMEA 1.9 17.7 176.4 181.5
Americas 0.6 1.7 2.4 3.2
Other 0.9 2.3 3.9 5.3
Associate Wärtsilä 20.7 28.9
Unallocated and eliminations 0.1 0.4 1.2 1.6
CORPORATE TOTAL 3.6 22.1 204.6 220.6