2020-04-09 08:30:00 CEST

2020-04-09 08:30:07 CEST


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Fiskars - Other information disclosed according to the rules of the Exchange

Fiskars Corporation has received a tax decision from the Administrative Court - the company will continue the appeal process


Fiskars Corporation
Stock exchange release
April 9, 2020 at 09:30 EEST



Fiskars Corporation has received a tax decision from the Administrative Court -
the company will continue the appeal process

The Administrative Court of Helsinki has maintained the decision that obliged
the company to pay EUR 28.3 million in additional tax, interest and punitive
increases as a result of a tax audit carried out in 2014. The decision concerns
intra-group loans forgiven by the company in 2003 and their tax treatment in
subsequent tax years.

“We are disappointed with the decision and consider it unfounded. We will seek
appeal further from the Supreme Administrative Court”, said Sari Pohjonen, Chief
Financial Officer, Fiskars Group.

The reassessment decision had a negative effect of EUR 28.3 million on the cash
flow during the third quarter of 2016. Fiskars Corporation has disclosed the
ongoing tax appeal process in the earlier Annual Reports and Interim Reports.
The company and its external advisors continue to consider the decision
unfounded and do not recognize the related taxes and other costs in the income
statement.


FISKARS CORPORATION
Corporate communications


Media and investor contacts:
Corporate Communications, tel. +358 204 39 5031, communications@fiskars.com

Making the everyday extraordinary
Fiskars Group’s vision is to create a positive, lasting impact on our quality of
life. Our brands Fiskars, Gerber, Iittala, Royal Copenhagen, Waterford, and
Wedgwood are present in people’s everyday lives – at home, in the garden, and
outdoors. This gives us an opportunity to make the everyday extraordinary today,
and for future generations. We employ approximately 7,000 people in 30
countries, and our products are available in more than 100 countries. Our shares
are listed on the Nasdaq Helsinki (FSKRS). Please visit us at
www.fiskarsgroup.com for more information and follow us on Twitter
@fiskarsgroup.



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