Fiskars - Company Announcement

ADDITIONAL INFORMATION TO THE STOCK EXCHANGE RELEASE CONCERNING THE IITTALA GROUP ACQUISITION, PUBLISHED 29 JUNE, 2007 AT 8.30 A.M.

Fiskars Corporation	Stock Exchange Release 	June 29,  2007 at 3.00 p.m

ADDITIONAL INFORMATION TO THE STOCK EXCHANGE RELEASE CONCERNING 
THE IITTALA GROUP ACQUISITION, PUBLISHED 29 JUNE, 2007 AT 8.30 A.M.

1. The acquisition will be funded by using existing credit facilities.

2. Additional financial information on Iittala Group:




Consolidated income statement, IFRS

For the year ended 31 December 2006
In thousands of euro                           2006           2005

Net sales                                   189,838        167,932
Cost of goods sold                         -113,204       -102,878

Gross profit                                76,634         65,054

Other operating income                       1,160          2,685
Marketing expenses                          -18,595        -16,338
Sales expenses                              -32,432        -26,597
Administrative expenses                     -9,310         -9,721
Other operating expenses                     -454           -136

Operating profit                            17,003         14,947

Finance income                                568            438
Finance expenses                            -7,231         -9,935
Share of profit of associates                  8             30

Profit (loss) before tax                    10,348          5,480

Income tax expense                          -2,979          -891

Profit for the period                        7,369          4,589


Basic earnings per share (EUR)               0.59           0.37



Consolidated balance sheet

As at 31 December 2006
In thousands of euro                                2006           2005

ASSETS

Non-current assets
Tangible assets                                   28,959         29,866
Goodwill                                          48,871         48,827
Other intangible assets                            1,821            557
Investments in associates                             11              0
Available-for-sale investments and
non-current receivables                              310            248
Deferred tax assets                                1,283          2,100
Total non-current assets                          81,255         81,598

Current assets
Inventories                                       41,983         39,248
Trade and other receivables                       28,855         25,320
Current tax assets                                   457            684
Cash and bank                                      7,920          7,623
Total current assets                              79,215         72,875

Total assets                                     160,470        154,473


Consolidated balance sheet

As at 31 December 2006
In thousands of euro                                2006           2005

EQUITY AND LIABILITIES
Share capital                                      1,000          1,000
Reserves                                            -115           -100
Retained earnings                                  7,516            147
Total equity                                       8,401          1,047

Non-current liabilities
Interest-bearing loans and borrowings            101,008        105,930
Pension obligations                                2,061          1,794
Provisions                                           283          2,069
Deferred tax liabilities                             642          1,686
Total non-current liabilities                    103,994        111,479

Current liabilities
Interest-bearing loans and borrowings              6,397          6,587
Trade and other payables                          39,459         33,850
Current tax receivable                             1,284            451
Provisions                                           935          1,059
Total current liabilities                         48,075         41,947

Total liabilities                                152,069        153,426

Total equity and liabilities                     160,470        154,473



Maija Elenius                   Leena Kahila-Bergh
Vice President,                 Vice President,
Corporate Controller            Corporate Communications