Slide 1: Half-year Financial Report 2026
Half-year Financial Report 2026 COMPARABLE NET SALES INCREASED FOR THE FOURTH JANU ARY -JU NE 2026 CONSECUTIVE QUARTER – COMPARABLE EBIT AND FREE CASH FLOW ALSO IMPROVED
Slide 2: Disclaimer
Disclaimer This presentation contains forward-looking statements that reflect management’s current views with respect to certain future events and potential financial performance. Although Fiskars Group believes that the expectations reflected in such forward-looking statements are reasonable, no as
Slide 3: Agenda
Agenda 1. Q2 in brief (Jyri Luomakoski) 2. Financials (Jussi Siitonen) 3. Business Areas (Jyri Luomakoski) 4. Looking ahead (Jyri Luomakoski) 5. Q&A 3 JULY 16, 2026 FISKARS GROUP HALF-YEAR FINANCIAL REPORT 2026
Slide 4: Q2 in brief
Q2 in brief NET SALES, EURm 260.9 Q2/2025: 258.3 • 4th consecutive growth quarter: comparable net sales +3% - comparable EBIT also improved to EUR 8 million BA VITA BA FISKARS 5.5%* 0.0%* • Both sales growth and EBIT improvement driven by BA Vita, stable quarter for BA Fiskars • Free cash flow impro
Slide 5: Q2 2026 Group key figures – Both comparable net sales and comparable EBIT improved
Q2 2026 Group key figures – Both comparable net sales and comparable EBIT improved COMPARABLE EBIT, EURm 7.7 NET SALES, EU Rm COMPARABLE EBIT (EUR m) AND Q2/2025: 3.0 COMPARABLE EBIT MARGIN, % EURm % +1.0% 40 15 350 36.3 319 +2.7%* COMPARABLE EBITDA, EURm 300 250 268 281 258 261 30 11.4% 23.4 8.7% 1
Slide 6: Comparable EBIT improved driven by BA Vita's higher sales volumes and lower SG&A costs
Comparable EBIT improved driven by BA Vita’s higher sales volumes and lower SG&A costs GROUP Q2 2026 EBIT BA VITA Q2 2026 EBIT BA FISKARS Q2 2026 EBIT EXCL. IAC BRIDGE, EURm EXCL. IAC BRIDGE, EURm EXCL. IAC BRIDGE, EURm +5.0 +5.0 10 0 20 +4.7 +5.1 +0.1 +0.6 7.7 14.0 13.5 14.1 -3 -2.8 5 10 3.0 -6 2.6
Slide 7: Free cash flow improved significantly, CEPS nearly doubled
Free cash flow improved significantly, CEPS nearly doubled CASH FLOW FROM OPERATIONS, EURm QUARTERLY FREE CASH FLOW* (UNLEVERED), EURm 50.8 Q2/2025: 30.2 EURm EURm +28 CHANGE IN NET WORKING 100 200 CAPITAL, EURm 81 30.4 75 68 150 59 46 100 50 39 33 35 31 28 29 50 Q2/2025: -0.3 25 16 6 2 0 0 -50 CAPE
Slide 8: Group's adjusted EPS decreased – CEPS increased driven by change in net working capital
Group’s adjusted EPS decreased – CEPS increased driven by change in net working capital GROUP Q2 2026 EPS BRIDGE, EUR GROUP Q2 2026 CEPS BRIDGE, EUR +0.22 -0.07 0.55 0.51 0.01 -0.01 0.50 0.00 0.45 -0.01 0.40 -0.02 0.35 -0.03 -0.03 0.30 0.29 -0.04 -0.05 0.25 -0.06 -0.05 -0.06 0.20 -0.07 0.15 -0.08 0.
Slide 9: Net Debt to EBITDA improved from previous quarter, although above comparison period and targeted level
Net Debt to EBITDA improved from previous quarter, although above comparison period and targeted level NET DEBT (EURm) AND NET DEBT / LTM EBITDA (EXCLUDING IAC) EURm Multiple 700 4.0x +0.26X -0.13X NET DEBT, EURm 541.0 606 3.5x 600 563 556 546 541 529 510 513 3.0x 500 478 494 Q2/2025: 556.3 Financia
Slide 10: We remain committed to sustainability – progress in circularity and emissions, Ecovadis Platinum regained
We remain committed to sustainability – progress in circularity and emissions, Ecovadis Platinum regained ENVIRONMENTAL SOCIAL Q1-Q2 May 2026 Target Target 2026 Q1-Q2 2026 Q1-Q2 2026 2025 Jun 30, 2026 2.9 0 71 88 30% -63% -34%* 72% Base year 50% Base year -70% Base year -40% Target 80% 2021 2017 201
Slide 11: Business Area performance
Business Area performance 11 JULY 16, 2026 FISKARS GROUP HALF-YEAR FINANCIAL REPORT 2026
Slide 12: Business Area Vita Q2: Fourth consecutive growth quarter, early signs of turnaround
Business Area Vita Q2: Fourth consecutive growth quarter, early signs of turnaround • Fourth consecutive growth quarter, NET SALES, EURm COMPARABLE EBIT (EURm) AND comparable net sales up by 5.5% MARGIN, % • Growth across DTC and +4.0% wholesale +5.5%* • Continued strong performance 140 130 15 14.4
Slide 13: Business Area Vita offering highlights
Business Area Vita offering highlights Leenalta kuva Rörstrand’s 300th Iittala launched a limited- Georg Jensen introduced Five of Vita’s brands anniversary – related edition collaboration with the Weft jewelry collection, hosted eye-catching activations boosted Pokémon, which sold out providing a c
Slide 14: Business Area Fiskars Q2: Stable comparable net sales and EBIT
Business Area Fiskars Q2: Stable comparable net sales and EBIT NET SALES, EURm COMPARABLE EBIT (EURm) AND MARGIN, % • Comparable net sales remained EURm % stable 200 191 30 20 -1.8% 26.7 • Growth in the U.S. was offset 0.0%* 24.7 by declines in Central Europe 153 150 22.3 150 16.1% 15 131 129 20 14.
Slide 15: Business Area Fiskars offering highlights
Business Area Fiskars offering highlights Fiskars introduced the modular OneClick tool The Power Tools range received the highest “Best system, enabling seamless transitions between of the Best” distinction at the Red Dot Design gardening tasks while supporting compact storage. Awards. Pet Care and
Slide 16: Guidance for 2026
Guidance for 2026 Assumptions behind the guidance Uncertainties in the global economy persist, limited visibility The Group’s EBIT generation is weighted to the Fiskars Corporation expects second half of the year, with improvement expected comparable EBIT to improve from the to be primarily driven b
Slide 17: Q&A
Q&A 17 JULY 16, 2026 FISKARS GROUP HALF-YEAR FINANCIAL REPORT 2026
Slide 18: Thank you!
Thank you! 18 JULY 16, 2026 FISKARS GROUP HALF-YEAR FINANCIAL REPORT 2026
Slide 19: Appendix
FISKARS ss. GROUP 0 Appendix
Slide 20: 2026 Q2 P&L profiles – Group and Business Areas
2026 Q2 P&L profiles – Group and Business Areas COMPARABLE NET COMPARABLE GROSS SG&A AND COMPARABLE EBIT SALES DEVELOPMENT MARGIN MARKETING MARGIN Marketing Fiskars 0.0% 41.3% SG&A 54.4% 11.0% Vita 5.5% 51.7% 30.4% -2.1% Group 2.7% 46.6% 44.2% 3.0% 20 JULY 16, 2026 FISKARS GROUP HALF-YEAR FINANCIAL
Slide 21: H1 2026 comparable EBIT bridges
H1 2026 comparable EBIT bridges GROUP H1 2026 EBIT BA VITA H1 2026 EBIT BA FISKARS H1 2026 EBIT EXCL. IAC BRIDGE, EURm EXCL. IAC BRIDGE, EURm EXCL. IAC BRIDGE, EURm +3.0 +5.7 +0.6 +3.3 35 3 50 32.8 44.5 45.1 +3.0 +3.1 41.8 29.8 30 0 40 27.1 25 -3 30 -3.5 20 -6 20 -6.5 -6.6 15 -9 10 10 -12 0 H1-25 H1
Slide 22: Consolidated Q2 & H1 2026 Key Figures
Consolidated Q2 & H1 2026 Key Figures Q2 & H1 P&L KEY FIGURES, EURm Q 2 & H 1 P E R S H AR E K E Y F I G U R E S , E U R Q2 H1 Q2 H1 2026 2025 2026 2025 2026 2025 2026 2025 Net Sales 260.9 258.3 543.8 550.2 Comparable Earnings per Share -0.06 -0.05 0.09 0.10 Comparable Gross Profit 121.6 120.9 253.8
Slide 23: Items Affecting Comparability Q2 & H1 2026
Items Affecting Comparability Q2 & H1 2026 EBIT BRIDGE FROM IFRS EBIT TO EBIT EXCL. IAC (EURM) IAC ADJUSTMENT BY P&L LINE ITEM (EURM) Q2-2026 Q2-2025 H1-2026 H1-2025 Q2-2026 IFRS IAC Excl IAC EBIT IFRS 1.3 5.2 20.8 0.7 Net sales 260.9 0.0 260.9 Depreciation and amortization 19.7 19.2 39.8 38.1 Cost
Slide 24: Q2 & H1 2026 Free cash flow
Q2 & H1 2026 Free cash flow Q2 & H1 2026 FREE CASH FLOW, EURm Q2-2026 vs.LY H1-2026 vs.LY EBITDA 21.0 - 3.4 60.6 + 21.9 Change in provisions -0.7 - 7.1 4.6 + 1.7 Non-cash adjustments 0.1 + 0.4 -0.1 - 25.9 Cash Flow from operations 20.4 - 10.1 65.1 - 2.3 Change in inventories -12.7 + 12.2 -15.4 + 20.
Slide 25: Net Debt / EBITDA (LTM) for Q2 2026 at 3.42X
Net Debt / EBITDA (LTM) for Q2 2026 at 3.42X CAPITAL EMPLOYED EURm FINANCING, EURm Q2-2026 Q2-2025 Q2-2026 Q2-2025 GW and other intangible 557.5 565.5 Equity 650.5 691.5 PPE and biological assets 223.5 224.2 Interest-bearing debt 492.0 483.1 Capitalised leases (ROU) 108.0 135.7 Lease liabilities 117
Slide 26: Trade working capital decreased sequentially, LTM ROCE 6.4%
Trade working capital decreased sequentially, LTM ROCE 6.4% TRADE WORKING CAPITAL AS SHARE OF NET SALES BY BA (END OF QUARTER, EURM, ROLLING 12 MONTHS NET SALES) 60% 45% Vita Group 30% Fiskars 15% 0% Q2- Q3- Q4- Q1- Q2- Q3- Q4- Q1- Q2- Q3- Q4- Q1- Q2- Q3- Q4- Q1- Q2- 22 22 22 23 23 23 23 24 24 24 24
Slide 27: Financial targets for 2026-2030, tracking on a full-year basis
Financial targets for 2026-2030, tracking on a full-year basis KPI TARGET GROWTH Annual, FX-neutral organic net sales growth 2026-2030 BA Vita 4-6% BA Fiskars 3-5% PROFITABILITY Comparable EBIT margin by 2030 BA Vita ≥12% BA Fiskars ≥14% Fiskars Group ≥12% CASH CONVERSION Free cash flow / LTM EBIT e
Slide 28: Fiskars Group's quarterly development – last 3 years
Fiskars Group’s quarterly development – last 3 years NET SALES, EURm COMPARABLE EBIT (EURm) AND EBIT MARGIN, % EURm % +1.0% 60 20 +2.7%* 18 346 337 50 331 16 42.9 283 281 292 283 14 268 261 40 37.7 256 258 259 241 32.8 12 30 26.8 10 25.1 24.3 25.0 23.4 8 20 17.9 19.2 6 13.9 4 10 7.7 3.0 2 0 0 Q2 Q3
Slide 29: BA Vita's quarterly development – last 3 years
BA Vita’s quarterly development – last 3 years NET SALES, EURm COMPARABLE EBIT (EURm) AND EBIT MARGIN, % +4.0% +5.5%* EURm % 220 215 210 213 40 20 200 34.7 33.3 180 15 30 29.0 160 147 10 139 140 126 130 127 125 128 130 5 120 114 119 20 16.9 100 12.7 0 80 10 -5 5.2 60 3.0 1.6 1.3 -10 40 0 -0.1 -0.7 -
Slide 30: BA Fiskars' quarterly development – last 3 years
BA Fiskars’ quarterly development – last 3 years NET SALES, EURm COMPARABLE EBIT (EURm) AND EBIT MARGIN, % -1.8% EURm % 0.0%* 180 40 25 164 160 153 156 154 150 30.6 30.9 20 140 130 131 129 29.5 126 30 121 115 117 120 110 24.7 15 22.3 100 20 10 80 13.6 14.0 14.1 60 11.9 12.6 5 11.1 10 9.4 40 7.4 0 20