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2017-04-20 07:30:02 CEST 2017-04-20 07:30:02 CEST REGULATED INFORMATION Fiskars - Other information disclosed according to the rules of the ExchangeFiskars’ restated segment information for 2016 according to the new organizational structure
Fiskars Corporation 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.
* Geographically unallocated exchange rate differences
FISKARS CORPORATION
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