Fiskars - Company Announcement

Fiskars updates its outlook for the full-year 2015

Fiskars Corporation
Stock Exchange Release
July 27, 2015 at 14:30 EET

Fiskars updates its outlook for the full-year 2015

Fiskars Corporation updates its outlook for the full-year 2015, including its
acquisition of the WWRD group of companies, completed on July 1, 2015. 

Fiskars updates its previous guidance, published in the Q1 interim report on
April 30, 2015. Full-year 2015 net sales are expected to increase from 2014
levels and operating profit excluding non-recurring items is now expected to be
at 2014 levels, despite the increased costs related to investments into growth
initiatives. Previously, Fiskars expected full-year net sales to increase from
2014 levels and operating profit excluding non-recurring items to be below 2014
levels. 

Based on Fiskars' evaluation, the market climate has slightly improved,
allowing moderately better expectations for the full-year operating profit
excluding non-recurring items. In addition, Fiskars has done an initial
evaluation of the impact of the WWRD business which will be reported as part of
the Living Products business unit as of July 1, 2015. During the second half of
2015, WWRD is expected to improve its net sales compared to the corresponding
period in the previous year and generate a healthy operating profit. However,
the costs related to the acquisition, such as transaction costs, recognition of
the provisional inventory revaluation, the amortization of the intangible
assets provisionally recognized in the acquisition and integration planning
costs, dilute the impact on results in 2015. The acquisition of WWRD is
estimated to have a neutral effect on Fiskars' operating profit during the
second half of 2015, and a positive effect on Fiskars' operating profit during
2016. 

At the time of the initial announcement on May 11, 2015 Fiskars published
unaudited financial information, which, as announced, was specifically
carved-out for illustrative purposes only. According to this unaudited special
purpose carve-out financial information, the net sales of WWRD equaled USD 432
million (EUR 402 million) and preliminary EBIT USD 33 million (EUR 31 million)
at WWRD's constant currency rates in fiscal year ending on April 4, 2015. 

After applying the average currency rates used by Fiskars in 2015, the net
sales of WWRD would have been EUR 355 million and EBIT EUR 24 million in the
same period, fiscal year ending on April 4, 2015. 


FISKARS CORPORATION

Kari Kauniskangas
President and CEO


Media and analyst contacts:
Head of Corporate Communications Maija Taimi, Fiskars Corporation, tel. +358
204 39 5031, communications@fiskars.com 


Fiskars - 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 consumer goods company with globally recognized brands
including Fiskars, Iittala, Gerber, Wedgwood and Waterford. With iconic
products, strong brands and global ambitions, Fiskars' mission is to enrich
people's lives in home, garden and outdoor. Fiskars' products are available in
more than 100 countries and the company employs around 8,600 people in 30
countries. Fiskars is listed on Nasdaq Helsinki. www.fiskarsgroup.com

Priedai:

20150727 Outlook update_eng.pdf