Fiskars Oyj Abp — Earnings Release 2021

Oct 13, 2021

Fiskars upgrades its outlook for 2021 and provides preliminary information for the third quarter

Fiskars upgrades its outlook for 2021 and provides preliminary information for the third quarter

Fiskars Corporation

Insider information

October 13, 2021 at 08:00 (EEST)

Fiskars upgrades its outlook for 2021 and provides preliminary information for
the third quarter

Fiskars upgrades its outlook for 2021 and expects the comparable EBITA for 2021
to be in the range of EUR 160-170 million. According to the previous outlook
issued on June 23, 2021, the comparable EBITA in 2021 was expected to be in the
range of EUR 140-160 million.

For the third quarter of 2021, net sales is expected to be approximately EUR 292
million (Q3 2020: 266.7) and comparable EBITA approximately EUR 38 million
(39.3). The figures are based on preliminary, unaudited information.

The upgrade is based on the company’s better than expected financial performance
during the third quarter, in particular towards the end of the quarter. A
central factor is that Fiskars has so far successfully mitigated the global
supply chain challenges, which have previously been highlighted as a material
risk for the full-year financial performance.

The seasonality of both trade and consumer demand may continue to differ from a
typical year, also towards the end of the year. Trade customers may seek to
secure the availability of products by pulling forward orders from the first
quarter of 2022 into the fourth quarter of 2021. In addition, there are ongoing
challenges in global supply chains as well as increasing raw material and energy
price inflation. While the company has managed to mitigate these factors, they
continue to pose a risk.

The updated outlook for 2021:

In 2021, comparable EBITA is expected to be in the range of EUR 160-170 million.

The previous outlook for 2021 (issued on June 23, 2021):

In 2021, comparable EBITA is expected to be in the range of EUR 140-160 million.

Fiskars will publish the Interim Report for January-September 2021 on October
29, 2021.

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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