Market Court orders Iittala Group to pay EUR 3 million in competition infringement fines
Fiskars Corp. Stock Exchange Release December 20, 2011 at 14.00 EETThe Market Court has today ordered Iittala Group Oy Ab, a Fiskars subsidiary, to pay a total of EUR 3 million in competition infringement fines for resale price maintenance between 2005 and 2007. The fine will be recognized as a non-recurring expense in the fourth quarter 2011 results. No provision has been booked for the fine.The amount proposed by the Finnish Competition Authority was EUR 4 million. Both Iittala Group and the Finnish Competition Authority are entitled to appeal the decision to the