Fiskars Oyj Abp · OMXHEX:FSKRS
Fiskars Oyj Abp — Fiskars — Shareholder Meeting (March 2026)
64 slides from Fiskars Oyj Abp's shareholder meeting presentation, Mar 11, 2026
Slide 1: Fiskars Corporation's Annual General Meeting 2026
Fiskars Corporation’s Annual General Meeting 2026
Slide 2: 1. Opening of the meeting
A GM 2026 1. Opening of the meeting 2 MARCH 11, 2026 FISKARS GROUP
Slide 3: Paul Ehrnrooth, Chairman of the Board
OPE NI NG OF TH E ME E TI NG A GM 202 6 Paul Ehrnrooth CHAIRMAN OF THE BOARD 3 MARCH 11, 2026 FISKARS GROUP
Slide 4: Adoption of the remuneration report for governing bodies
OPE NI NG OF TH E MEETI NG A GM 202 6 Adoption of the The Board of Directors proposes that the Annual General Meeting adopts the remuneration report for the governing remuneration report bodies. The resolution of the Annual General Meeting on the remuneration report is advisory. for governing bodies
Slide 5: Adoption of the remuneration policy for governing bodies
OPE NI NG OF TH E MEETI NG A GM 2026 Adoption of the The Board of Directors proposes to the Annual General Meeting that the Remuneration Policy for the governing remuneration policy bodies be adopted. The remuneration policy of the governing bodies was for governing bodies adopted by the 2022 Annual
Slide 6: Members of the Board of Directors at the end of 2025
OPE NI NG OF TH E MEETI NG A GM 202 6 Members of the Board of Directors at the end of 2025 Paul Ehrnrooth Rolf Ladau Albert Ehrnrooth Louise Fromond Not available for Board in 2026 Julia Goldin Carl-Martin Lindahl Susan Repo Susanne Skippari Not available for Board Not available for Board in 2026 in
Slide 7: Proposals for new Board members
OPE NI NG OF TH E MEETI NG A GM 2026 Proposals for new Board members Susan Duinhoven Alexander Ehrnrooth Kaarina Ståhlberg • Ph.D. and B.Sc. (Physical • M.Sc. (Econ.), MBA, Finnish • Master of Laws, LL.M., Finnish Chemistry), Dutch citizen citizen citizen • Sanoma Corporation, • Virala Oy Ab, Presid
Slide 8: Kuva vaihdettava
Kuva vaihdettava 8 MARCH 11, 2026 FISKARS GROUP
Slide 9: 2. Calling the meeting to order; 3. Election of scrutinizers
A GM 202 6 2. Calling the meeting to order 3. Election of persons to scrutinize the minutes and to supervise the counting of votes 4. Recording the legality of the meeting 9 MARCH 11, 2026 FISKARS GROUP
Slide 10: 5. Recording attendance and adopting the list of votes
A GM 202 6 5. Recording the attendance at the meeting and adopting the list of votes 10 MARCH 11, 2026 FISKARS GROUP
Slide 11: 6. Presentation of the financial statements and reports
A GM 2026 6. Presentation of the financial statements, the report of the Board of Directors, the auditor’s report and the sustainability statement assurance report for the year 2025 11 MARCH 11, 2026 FISKARS GROUP
Slide 12: Review by the President and CEO: Jyri Luomakoski
REV I EW BY TH E PRESI DENT A ND CEO A GM 202 6 Jyri Luomakoski Toinen kuva REVIEW BY THE PRESIDENT AND CEO 12 MARCH 11, 2026 FISKARS GROUP
Slide 13: Fiskars Group – Pioneering design to make the everyday extraordinary
REVIEW BY THE PRESIDENT AND CEO AGM 2026 Fiskars Group – Pioneering design to make the everyday extraordinary Est. 1649 Est. 1904 Est. 1775 Est. 1759 13 MARCH 11, 2026 Est. 1939 Arabia est. 1873 Est. 1881 Est. 1783
Slide 14: We have a well-balanced footprint
REVIEW BY THE PRESIDENT AND CEO AGM 2026 We have a well-balanced footprint ~130 NORTH AMERICA Nordics APAC ~20 ~30% of net sales ~20% of net sales UK & Ireland ~20 ~50 ~100 Continental Europe China Japan ~70 EUROPE Global presence +100 countries ~50% of net sales Rest of APAC ~500 own stores ~ 60 ow
Slide 15: Our two Business Areas have differing business drivers and investment needs
REVIEW BY THE PRESIDENT AND CEO AGM 2026 Our two Business Areas have differing business drivers and investments needs BUSINESS AREA FISKARS BUSINESS AREA VITA CHANNELS BY NET SALES CHANNELS BY NET SALES Direct • Net sales EURm 522 • Net sales EURm 613 3% Indirect • A market leader in • Unique portfo
Slide 16: Shift from a centralized matrix structure toward Business Area independence
REVIEW BY THE PRESIDENT AND CEO AGM 2026 We have shifted from a centralized matrix structure toward Business Area independence 2020: 2023: FEBRUARY 1, 2025: BAs as product owner, part of BAs as business owner, Operationally independent Group-wide matrix organization P&L accountable Business Areas wi
Slide 17: Operating model enables speed of execution and future growth
REVIEW BY THE PRESIDENT AND CEO AGM 2026 This way of operating enables speed of execution, and is a key enabler for future growth Full business Transparency and accountability measurability End-to-end responsible More precise target In the final phase of the business CEOs, improved setting and capit
Slide 18: Next phase in Group strategy and new long-term financial targets in May
REVIEW BY THE PRESIDENT AND CEO Next phase in the Group strategy and new long-term financial targets to be presented in May Capital Markets Day webcast on May 12, 2026 open to everyone 18 MARCH 11, 2026 FISKARS GROUP
Slide 19: Our lean Leadership Team is aligned with the new model
REVIEW BY THE PRESIDENT AND CEO AGM 2026 Our lean Leadership Team is now aligned with the new model Jyri Luomakoski Jussi Siitonen Daniel Lalonde Dr. Steffen Hahn Fiskars Group’s President Fiskars Group’s CFO CEO of Vita CEO of Fiskars & CEO In his position since 2021 In his position since 2025 In h
Slide 20: Year 2025
REV I EW BY TH E PRESI DENT A ND CEO A GM 202 6 FISKARS GROUP IN BRIEF Year 2025 DIVIDEND PROPOSAL GUIDANCE FOR 2026 AND SUMMARY 20 MARCH 11, 2026 FISKARS GROUP
Slide 21: Year 2025 in brief
REVIEW BY THE PRESIDENT AND CEO AGM 2026 Year 2025 in brief • Stable comparable net sales in a market environment characterized by uncertainty • Comparable EBIT declined markedly due to negative impacts from necessary actions to reduce elevated inventories, higher tariffs also had an impact • Focus
Slide 22: Comparable net sales were stable
REVIEW BY THE PRESIDENT AND CEO AGM 2026 Comparable net sales were stable –volatile first half offset by growth in the holiday season at the end of the year NET SALES, EURm SALES SPLIT, % -1.5% 0.0%* 1,157.1 BA Fiskars 46% 54% BA Vita 1,140.0 1,140.2 >1% Other Asia-Pacific 20% 51% Europe 2024 FX 202
Slide 23: Comparable EBIT declined due to inventory reduction actions
REVIEW BY THE PRESIDENT AND CEO AGM 2026 Comparable EBIT declined impacted by our actions to reduce inventories COMPARABLE EBIT, EURm -35.0 120 111.4 • BA Vita’s 100 production scale- 80 76.4 down key reason behind EBIT SG&A 60 decline COGS 40 • BA Fiskars was able to mitigate a 20 large part of the
Slide 24: Focus on cash flow yielded results towards year end
REVIEW BY THE PRESIDENT AND CEO AGM 2026 Focus on cash flow yielded results towards the end of the year, full-year cash flow below last year FREE CASH FLOW EURm 1-12/2025: 76.3 (81.7) EURm 100 92 200 78 75 69 150 53 49 100 50 42 36 50 25 13 12 0 0 -50 -25 -10 -20 -17 -17 -100 -50 -150 Q1-25 Q1-24 Q4
Slide 25: Leverage is above our target
REVIEW BY THE PRESIDENT AND CEO AGM 2026 Leverage is above our target – turned downward in the fourth quarter and focused deleveraging actions continue NET DEBT (EURm) AND NET DEBT / LTM EBITDA (EXCLUDING IAC) EURm Multiple 700 4.0x 606 600 563 556 3.5x 510 529 513 478 494 3.0x 500 Target: Net debt/
Slide 26: Committed to Group sustainability targets with raised ambitions
REVIEW BY THE PRESIDENT AND CEO AGM 2026 We remain committed to the Group sustainability targets – raised ambitions ENVIRONMENTAL SOCIAL 2025 Target 2025 Target 2025 2025 2025 2025 4.0 0 77 * 80 ** 27% -62% -34% 72% Base year 2021 50% Base year 2017 -70% Base year 2018 -40% Target set 2025 80% in 20
Slide 27: Business Areas
Business Areas 27 MARCH 11, 2026 FISKARS GROUP
Slide 28: Business Area Vita: net sales increased, comparable EBIT declined
REVIEW BY THE PRESIDENT AND CEO AGM 2026 Business area Vita: Net sales increased, comparable EBIT declined impacted by inventory actions NET SALES, EURm +1.2% COMPARABLE EBIT (EURm) AND MARGIN,% +3.0%* 700 90 85.6 20 605 613 79.2 80 600 564 555 545 70 15 500 15.2% 62.3 60 14.5% 400 50 47.6 11.2% 10
Slide 29: BA Vita returned to organic net sales growth
REVIEW BY THE PRESIDENT AND CEO BA Vita returned to organic net sales growth after two years Net sales growth was driven by • Strong DTC sales across online and physical stores • Continued positive momentum of Georg Jensen • Good performance of Royal Copenhagen and Moomin Arabia brands, both celebra
Slide 30: BA Vita planning changes to turn around financial performance
REVIEW BY THE PRESIDENT AND CEO AGM 2026 BA Vita is planning changes to turn around its financial performance and lay foundations for profitable growth Planned changes Expected outcomes • Simplifying BA Vita’s organizational 30 MARCH 11, 2026 FISKARS GROUP • Net reduction of ~310 roles, ~10% of stru
Slide 31: Business Area Fiskars protected profitability in volatile tariff environment
REVIEW BY THE PRESIDENT AND CEO AGM 2026 Business Area Fiskars protected profitability in a volatile tariff environment NET SALES, EURm COMPARABLE EBIT (EURm) AND MARGIN, % EURm % 800 -4.6% 88.2 706 90 73.8 14.1% 15 681 -3.4%* 82.6 700 12.9% 77.3 12.8% 80 600 571 547 70 12.5% 66.6 522 12.1% 500 60 1
Slide 32: BA Fiskars advanced its innovation pipeline with new category launches
REVIEW BY THE PRESIDENT AND CEO AGM 2026 BA Fiskars has actively advanced its innovation pipeline – new category launches in 2025 The new Pet Care line plays on Fiskars’ strengths and consumer trends The new Fiskars Power Tools provide top end cutting performance and convenience 32 MARCH 11, 2026 FI
Slide 33: Dividend proposal
REV I EW BY TH E PRESI DENT A ND CEO A GM 202 6 FISKARS GROUP IN BRIEF YEAR 2025 Dividend proposal GUIDANCE FOR 2026 AND SUMMARY 33 MARCH 11, 2026 FISKARS GROUP
Slide 34: Board proposes maintaining dividend at EUR 0.84 per share
REVIEW BY THE PRESIDENT AND CEO AGM 2026 Board proposes maintaining the dividend at EUR 0.84 per share, to be paid in four instalments COMP. EPS AND DPS 2021-2025 CEPS AND DPS 2021-2025 6.6%* EUR EUR 1.37 2.68 Dividend yield 1.16 1.07 0.99 0.84 0.84* 1.51 175%** 0.80 0.82 1.39 0.76 1.25 0.76 0.80 0.
Slide 35: Brand anniversaries
AALTO VASE 90 YEARS Brand anniversaries RÖRSTRAND 300 YEARS 35 MARCH 11, 2026 FISKARS GROUP
Slide 36: Guidance for 2026
REVIEW BY THE PRESIDENT AND CEO AGM 2026 Assumptions and actions behind the guidance Guidance for 2026 Uncertainties in the global economy persist + Planned changes in BA Vita - BA Vita’s actions to expected to support EBIT reduce elevated from H2 onwards inventories will carry Fiskars Corporation e
Slide 37: Summary
REVIEW BY THE PRESIDENT AND CEO AGM 2026 Summary • First year with operationally independent Business Areas • Comparable EBIT and leverage not satisfactory in 2025 – taking determined measures to improve our performance • New long-term financial targets to be introduced in May 2026
Slide 38: Slide 38
Slide 39: Auditor's report - Ernst & Young Oy
A GM 202 6 Auditor’s report - Ernst & Young Oy 39 MARCH 11, 2026 FISKARS GROUP
Slide 40: Audit and Sustainability Report Assurance 2025
Fiskars Corporation Audit and Sustainability Report Assurance 2025
Slide 41: Audit scope
Audit scope We have audited the financial statements of Fiskars Corporation for the year ended 31.12.2025. The Group financial statements are prepared in accordance with IFRS Accounting Standards and the parent company in accordance with Finnish accounting standards. Key locations 41
Slide 42: Audit timing and reporting
Audit timing and reporting - Year-end audit January – February 2026 The audit of Fiskars Corporation for the - Audit planning financial year 2025 has been March – April 2025 performed during March 2025 – February 2026. - Meetings Reporting to the Audit Committee Audit Committee includes Board of Dir
Slide 43: Key audit matters
Key audit matters Revenue recognition Valuation of goodwill According to the Group’s accounting policies revenue is The value of goodwill at the date of the financial recognized when control of the good or service is statements 31.12.2025 amounted to 218,1 million euro transferred to the customer. C
Slide 44: Key audit matters
Key audit matters Valuation of trademarks Valuation of inventories The Group has 10 trademarks, for which the value at the date of the Inventories are valued at the lower of cost or financial statements 31.12.2025 amounted to 275,3 million euro net realizable value. Inventories are presented represe
Slide 45: Auditor's opinion
Auditor’s opinion In our opinion Both the consolidated and the parent • the consolidated financial statements give a true and fair financial statements give a true and fair view of the group’s financial position as well as its financial view of the financial position as well as performance and its c
Slide 46: Opinion of the Sustainability Auditor
Opinion of the Sustainability Auditor Based on the procedures we have performed and the evidence we have obtained, nothing has come to our attention that causes us to believe that the group sustainability statement does not comply, in all material respects, with 1) the requirements laid down in Chap
Slide 47: Kuva vaihdettava
Kuva vaihdettava 47 MARCH 11, 2026 FISKARS GROUP
Slide 48: 7. Adoption of the Financial Statements
A GM 202 6 7. Adoption of the Financial Statements 48 MARCH 11, 2026 FISKARS GROUP
Slide 49: 8. Resolution on use of profit and payment of dividend
A GM 202 6 8. Resolution on the Proposal: A dividend of EUR 0.84 per share shall be paid for the financial period that ended on use of the profit December 31, 2025. The dividend is proposed to be paid in four instalments of EUR 0.21. shown on the balance sheet and 1st instalment: Payment date March
Slide 50: 9. Resolution on discharge from liability
A GM 202 6 9. Resolution on the discharge of the members of the Board of Directors and the President and CEO of liability 50 MARCH 11, 2026 FISKARS GROUP
Slide 51: 10. Adoption of the remuneration report for governing bodies
A GM 202 6 10. Adoption of the The Board of Directors proposes that the Annual General Meeting adopts the remuneration report for the governing remuneration report bodies. The resolution of the Annual General Meeting on the remuneration report is advisory. for governing bodies The report outlines th
Slide 52: 11. Adoption of the remuneration policy for governing bodies
A GM 2026 11. Adoption of the The Board of Directors proposes to the Annual General Meeting that the Remuneration Policy for the governing remuneration policy bodies be adopted. The remuneration policy of the governing bodies was for governing bodies adopted by the 2022 Annual General Meeting. The r
Slide 53: 12. Resolution on remuneration of Board members (1/2)
A GM 202 6 12. Resolution on Annual fees of the members of the Board of Directors: • Chair 140,000 the remuneration of • Vice Chair 105,000 • Members 70,000 the members of the Meeting fees of the members of the Board of Directors: it is proposed that for Board and Committee meetings other than the B
Slide 54: 12. Resolution on remuneration of Board members (2/2)
A GM 202 6 12. Resolution on For Board/Committee meetings held per capsulam or as teleconference, it is proposed that the Chairs of the Board of Directors as well as said Committees be paid a fee per meeting that the remuneration of does not differ from meetings fees otherwise payable to them and Bo
Slide 55: 13. Resolution on the number of Board members
A GM 202 6 13. Resolution on The Nomination Committee of the Board of Directors proposes to the Annual General Meeting that the number the number of of members of the Board of Directors shall be eight (8). However, should any number of the candidates proposed members of the by the Nomination Committ
Slide 56: 14. Election of members of the Board of Directors
A GM 202 6 14. Election of The Nomination Committee of the Board of Directors proposes to the Annual General Meeting that the following individuals shall be re-elected to the Board of Directors: members of the Paul Ehrnrooth Board of Directors Louise Fromond Rolf Ladau Carl-Martin Lindahl Susanne Sk
Slide 57: 15. Resolution on the remuneration of the auditor
A GM 202 6 15. Resolution on The Board of Directors proposes that the remuneration of the auditor be paid according to the reasonable invoice the remuneration of approved by the Board of Directors. the auditor 57 MARCH 11, 2026 FISKARS GROUP
Slide 58: 16. Election of auditor
A GM 202 6 16. Election of The Board of Directors proposes to the Annual General Meeting, in accordance with the recommendation of the auditor Audit Committee of the Board of Directors, that Ernst & Young Oy, Authorized Public Accountants firm, be reappointed as the company's auditor. 58 MARCH 11, 2
Slide 59: 17. Remuneration of the sustainability reporting assurance provider
A GM 202 6 17. Resolution on The Board of Directors proposes that the remuneration of the sustainability reporting assurance provider be paid according to the reasonable invoice approved by the the remuneration of Board of Directors. the sustainability reporting assurance provider 59 MARCH 11, 2026
Slide 60: 18. Election of sustainability reporting assurance provider
A GM 202 6 18. Election of The Board of Directors proposes to the Annual General Meeting, in accordance with the recommendation of the Audit Committee of the Board of Directors, that Ernst & sustainability Young Oy, Authorized Sustainability Audit firm, be reappointed as the company’s sustainability
Slide 61: 19. Authorizing the Board to decide on share repurchase
A GM 202 6 19. Authorizing the The Board of Directors proposes that the Annual General Meeting authorizes the Board of Directors to decide on the repurchase of the company’s own shares and/or the acceptance as pledge of the company’s own shares. The maximum number of shares to be repurchased and/or
Slide 62: 20. Authorizing the Board to decide on share issuance
A GM 202 6 20. Authorizing the The Board of Directors proposes that the Annual General Meeting authorizes the Board of Directors to decide on the issuance of shares in one or several instalments. The maximum Board of Directors to number of shares to be issued based on the authorization is 8,000,000.
Slide 63: 21. Closing of the meeting
A GM 202 6 21. Closing of the meeting 63 MARCH 11, 2026 FISKARS GROUP
Slide 64: Thank you!
Thank you! 64 MARCH 11, 2026 FISKARS GROUP