Fiskars Corporation Stock Exchange Release
June 13, 2008 at 4.00 pm
FISKARS FULL-YEAR OUTLOOK CHANGED
The weakening of the consumer markets seen during the first months of the year
as well as a decrease in demand in both Europe and the US has continued during
the second quarter. Weakened consumer confidence is increasingly expressed in
cautious purchasing both among consumers and in the trade.
The full year operating profit for Fiskars Corporation, excluding income from
associate and the change in the value of standing timber, is expected to be
somewhat lower than the previous year's result.
(The previous Outlook published on May 8, 2008 was: “Full year operating profit,
excluding income from associate and change in the value of standing timber, is
expected to remain at a level of the previous year.”)
Kari Kauniskangas
President and CEO
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. Its 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. Fiskars' shares are quoted on OMX Nordic
Exchange Helsinki.
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