Fiskars Oyj Abp — Capital/Financing Update 2021

Nov 8, 2021

Fiskars Group provides new long-term financial targets

Fiskars Group provides new long-term financial targets

Fiskars Corporation

Insider information

November 8, 2021 at 08:00 (EET)

Fiskars Group provides new long-term financial targets

The Board of Directors of Fiskars Group has decided on new long-term financial
targets for the next four-year period. The new financial targets replace the
previous financial targets, which were issued in February 2017 and updated in
November 2018.

The new financial targets cover five areas: growth, profitability, cash flow,
balance sheet and dividend:

· Annual, FX neutral organic net sales growth: approximately 5 % (mid-single
digit)
· Comparable EBIT margin: approximately 15 % (mid-teen) by the end of 2025
· Cash conversion (Free Cash Flow / Net Profit): At least 80%
· Net debt / LTM (last twelve month) EBITDA: At or below 2.5x
· Dividend (unchanged): Aim to distribute a stable, over time increasing
dividend, to be paid biannually

“The new financial targets and updated growth strategy reflect our ambition to
improve the company’s performance. We are excited about the significant
potential ahead. The updated strategy is built around winning brands, channels
and countries, underlining the importance of clear prioritization and allocation
of resources. We emphasize execution of the strategy from day one”, said
Nathalie Ahlström, President and CEO.

The outlook for 2021 remains unchanged.

Capital Markets Day on November 9, 2021:

Fiskars Group will arrange a Capital Markets Day on November 9, 2021, starting
at 15:00 EET. At the event, CEO Nathalie Ahlström and CFO Jussi Siitonen will
present the updated growth strategy and the new financial targets in more
detail. The event can be followed as a live webcast at:
http://worksup.com/fiskarsgroup

FISKARS CORPORATION

Nathalie Ahlström

President & CEO

Media and investor contacts:

Kristian Tammela, Director, Investor Relations, tel. +358 40 708 1181

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 have a presence 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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