ADDITIONAL INFORMATION TO THE STOCK EXCHANGE RELEASE CONCERNING THE IITTALA GROUP ACQUISITION, PUBLISHED 29 JUNE, 2007 AT 8.30 A.M.
Fiskars Corporation Stock Exchange Release June 29, 2007 at 3.00 p.m
ADDITIONAL INFORMATION TO THE STOCK EXCHANGE RELEASE CONCERNING
THE IITTALA GROUP ACQUISITION, PUBLISHED 29 JUNE, 2007 AT 8.30 A.M.
1. The acquisition will be funded by using existing credit facilities.
2. Additional financial information on Iittala Group:
Consolidated income statement, IFRS
For the year ended 31 December 2006
In thousands of euro 2006 2005
Net sales 189,838 167,932
Cost of goods sold -113,204 -102,878
Gross profit 76,634 65,054
Other operating income 1,160 2,685
Marketing expenses -18,595 -16,338
Sales expenses -32,432 -26,597
Administrative expenses -9,310 -9,721
Other operating expenses -454 -136
Operating profit 17,003 14,947
Finance income 568 438
Finance expenses -7,231 -9,935
Share of profit of associates 8 30
Profit (loss) before tax 10,348 5,480
Income tax expense -2,979 -891
Profit for the period 7,369 4,589
Basic earnings per share (EUR) 0.59 0.37
Consolidated balance sheet
As at 31 December 2006
In thousands of euro 2006 2005
ASSETS
Non-current assets
Tangible assets 28,959 29,866
Goodwill 48,871 48,827
Other intangible assets 1,821 557
Investments in associates 11 0
Available-for-sale investments and
non-current receivables 310 248
Deferred tax assets 1,283 2,100
Total non-current assets 81,255 81,598
Current assets
Inventories 41,983 39,248
Trade and other receivables 28,855 25,320
Current tax assets 457 684
Cash and bank 7,920 7,623
Total current assets 79,215 72,875
Total assets 160,470 154,473
Consolidated balance sheet
As at 31 December 2006
In thousands of euro 2006 2005
EQUITY AND LIABILITIES
Share capital 1,000 1,000
Reserves -115 -100
Retained earnings 7,516 147
Total equity 8,401 1,047
Non-current liabilities
Interest-bearing loans and borrowings 101,008 105,930
Pension obligations 2,061 1,794
Provisions 283 2,069
Deferred tax liabilities 642 1,686
Total non-current liabilities 103,994 111,479
Current liabilities
Interest-bearing loans and borrowings 6,397 6,587
Trade and other payables 39,459 33,850
Current tax receivable 1,284 451
Provisions 935 1,059
Total current liabilities 48,075 41,947
Total liabilities 152,069 153,426
Total equity and liabilities 160,470 154,473
Maija Elenius Leena Kahila-Bergh
Vice President, Vice President,
Corporate Controller Corporate Communications