Fiskars
Fiskars sells Silva to Karnell

Fiskars 

08.07.2011 13:30

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 Fiskars Corp.    Stock Exchange Release              July 8, 2011   at 14:30
EET 

Fiskars Corporation's wholly-owned subsidiary Avlis AB has sold the shares of
its subsidiary Silva Sweden AB to the Swedish investment company Karnell. 
Active within the sport and outdoor equipment, such as compasses and headlamps,
Silva has been a part of Fiskars' Outdoor business area. 

As a result of the sale of Silva, Fiskars will record a non-recurring operating
loss of approximately EUR 6 million in the third quarter results. The sale of
the shares has a positive impact on cash flow from investment activities of
appr. EUR 6 million. 

The Silva business is geared towards the end of the year, and the sale will
reduce Fiskars July-December net sales with about EUR 12 million. The effect on
Fiskars operating profit in the second half of the year is about EUR 1 million. 

The net sales of the Silva business amounted to EUR 15 million in 2010 and the
company employs some 220 people. 

Fiskars aims at global growth through continuously simplifying structures and
increasing focus on selected businesses and brands. By selling the Silva
business, Fiskars will be able to focus resources towards growing its key
international brands Fiskars, Iittala and in the outdoor business Gerber more
effectively through widening their distribution network in key target markets
and new channels. 


FISKARS CORPORATION


Kari Kauniskangas
President & CEO


Further Information:

CFO Teemu Kangas-Kärki, tel. +358 204 39 5703


Fiskars is a leading global supplier of consumer products for the home, garden
and outdoors. The group has a strong portfolio of respected international
brands, including Fiskars, Iittala and Gerber. Founded in 1649 and listed on
NASDAQ OMX Helsinki, Fiskars is Finland's oldest company. Fiskars recorded net
sales of EUR 716 million in 2010, and employs some 3,600 people in over 20
countries. www.fiskarsgroup.com
News Source: NASDAQ OMX



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Language:     English
Company:      Fiskars
              
               
              Finland
Phone:        
Fax:          
E-mail:       
Internet:     
ISIN:         FI0009000400
WKN:          
 
End of Announcement                             DGAP News-Service
 
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