Fiskars
Fiskars new reporting structure

Fiskars 

31.10.2014 07:31

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Fiskars Corp.       Stock Exchange Release     October 31, 2014 at 08:30 EET

Following the implementation of a new region-based organization and the
decrease in the company's holding in Wärtsilä, Fiskars will revise its
reporting structure. As of the fourth quarter 2014, Fiskars three reporting
segments will be Europe & Asia-Pacific, Americas and Other. Wärtsilä no longer
forms a separate reporting segment, and the remaining Wärtsilä shares will be
treated as financial assets at fair value through profit or loss in the Other
segment. 

As of January 1, 2015, the Group's financial reporting will be adjusted to
reflect the new organization. As a part of the new structure, Fiskars European
Home and Garden product categories will be reorganized into two business units,
Functional products and Living products. Replacing the current Home and Garden
business areas, Fiskars will report its global Garden, Kitchen and School,
Office and Craft sales as one 'Functional products' and global Living product 
sales as one 'Living products'. In conjunction with this, the Boat business
will be moved from the Europe & Asia-Pacific segment to the Other segment and
going forward its sales will be reported as part of the Other businesses. 


FISKARS CORPORATION

Kari Kauniskangas
President & CEO

Further information:
Anu Ilvonen, Communications Director, tel. +358 204 39 5446



Fiskars 365 - 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 global supplier of consumer products for the home, garden
and outdoors. Available in more than 60 countries, Fiskars products solve
everyday problems, making daily home, garden and outdoor projects easier and
more enjoyable through superior performance and design. Fiskars is listed on
NASDAQ OMX Helsinki, and the company's net sales were 799 million euro in 2013.
The Group's key international brands are Fiskars, Iittala and Gerber.
www.fiskarsgroup.com/365
News Source: NASDAQ OMX



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Language:     English
Company:      Fiskars
              
               
              Finland
Phone:        
Fax:          
E-mail:       
Internet:     
ISIN:         FI0003017012
WKN:          
 
End of Announcement                             DGAP News-Service
 
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