Fiskars Corporation's Annual General Meeting 202G
AGM 2026
Opening of the meeting
2 MARCH 11, 2026 FISKARS GROUP
OPENING OF THE MEETING
Paul Ehrnrooth
CHAIRMAN OF THE BOARD
3 MARCH 11, 2026 FISKARS GROUP
AGM 2026
OPENING OF THE MEETING AGM 2026
Adoption of the remuneration report for governing bodies
4 MARCH 11, 2026 FISKARS GROUP
The Board of Directors proposes that the Annual General Meeting adopts the remuneration report for the governing bodies. The resolution of the Annual General Meeting on the remuneration report is advisory.
The report outlines the remuneration paid or due to the Board members, the President and CEOs, and the Deputy to the President and CEO for the 2025 financial year, in line with the Remuneration Policy of the Governing Bodies of Fiskars Group approved at the 2022 Annual General Meeting.
The remuneration for the Board of Directors, the President and CEOs, and the Deputy to the CEO during the financial year was executed in accordance with the Remuneration Policy. There has been no deviation from the Policy, and no remuneration of the CEO or the Board has been reclaimed or restated during 2025.
OPENING OF THE MEETING AGM 2026
Adoption of the remuneration policy for governing bodies
The Board of Directors proposes to the Annual General Meeting that the Remuneration Policy for the governing bodies be adopted.
The remuneration policy of the governing bodies was adopted by the 2022 Annual General Meeting. The remuneration policy must be presented to the General Meeting at least every four years or every time a material change is made to the policy. The Board of Directors proposes to the Annual General Meeting that the remuneration policy for the governing bodies be adjusted regarding section 4 (Remuneration of the President and CEO) to set short term incentive earning opportunity on a market-competitive level such that the maximum earning opportunity may be up to 200% of annual base salary.
5 MARCH 11, 2026 FISKARS GROUP
OPENING OF THE MEETING AGM 2026
Members of the Board of Directors at the end of 2025
Paul Ehrnrooth
Rolf Ladau
Albert Ehrnrooth Not available for Board in 2026
Louise Fromond
Julia Goldin
Not available for Board in 2026
Carl-Martin Lindahl
Susan Repo
Not available for Board in 2026
Susanne Skippari
6 MARCH 11, 2026 FISKARS GROUP
Note: Jyri Luomakoski was a member of the Board until his appointment as the CEO of Fiskars Corporation on October 16, 2025.
OPENING OF THE MEETING AGM 2026
Proposals for new Board members
Susan DuinhovenPh.D. and B.Sc. (Physical Chemistry), Dutch citizen
Sanoma Corporation, President and CEO, 2015-2024
Other Board positions: Kemira Oyj, KONE Corporation
Independent of the Company and significant shareholders
Alexander EhrnroothM.Sc. (Econ.), MBA, Finnish citizen
Virala Oy Ab, President and CEO, 1995-
Other Board positions: Ahlstrom Oyj, Belgrano Inversiones Oy, Virala Oy Ab
Independent of the Company and dependent on significant shareholders
Kaarina StåhlbergMaster of Laws, LL.M., Finnish citizen
Posti Group, Senior Vice President Legal and MsA, 2016-2026
Other Board positions: Aspo Plc, Vaisala Corporation
Independent of the Company and significant shareholders
7 MARCH 11, 2026 FISKARS GROUP
AGM 2026
Calling the meeting to order
Election of persons to scrutinize the minutes and to supervise the counting of votes
Recording the legality of the
meeting
9 MARCH 11, 2026 FISKARS GROUP
AGM 2026
Recording the attendance at the meeting and adopting the list of votes
10 MARCH 11, 2026 FISKARS GROUP
AGM 2026
G. 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
AGM 2026
Toinen kuva
REVIEW BY THE PRESIDENT AND CEO
Jyri
LuomakoskiREVIEW BY THE PRESIDENT AND CEO
12 MARCH 11, 2026 FISKARS GROUP
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
REVIEW BY THE PRESIDENT AND CEO AGM 2026
We have a well-balanced footprint
NORTH AMERICA~30% of net sales
~20
~130
Nordics
APAC~20% of net sales
UK s Ireland
~20
Continental Europe
~50 ~100
China Japan
Global presence +100 countries
~500 own stores
~ 60 own e-commerce stores
6,600 employees
~50% of net sales
~70
Rest of APAC
~90
Australia
Own manufacturing units Fiskars Headquarters
14 MARCH 11, 2026 FISKARS GROUP
Own manufacturing units Vita
Own stores (incl. concessions)
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
Asia-Pacific
60% sourcing, 40%
manufacturing
3%
Europe
52% Americas
Access to the leading retail players
45%
•
GEOGRAPHIES BY NET SALES
Innovation-driven
Indirect
97%
Net sales EURm 522
A market leader in its categories
CHANNELS BY NET SALES
Direct
3%
40% sourcing, 60%
manufacturing
Europe
•
55%
35%
Asia-
Pacific
~500 own stores and e-commerce stores
•
Recognized for
creative design
GEOGRAPHIES BY NET SALES
Americas
10%
•
Direct
Unique portfolio of desirable brands
53%
47%
•
Indirect
Net sales EURm 613
CHANNELS BY NET SALES
15 MARCH 11, 2026 FISKARS GROUP
REVIEW BY THE PRESIDENT AND CEO AGM 2026
We have shifted from a centralized matrix structure toward Business Area independence
2023:
BAs as business owner,
PsL accountable
FEBRUARY 1, 2025:
Operationally independent
Business Areas with own CEOs
BA
Fiskars
BA
Vita
Fiskars
~ 20%
Scalable platforms
Group
Group Business Services
Group
~3%
~ 1%
Vita
~ 76%
2020:
BAs as product owner, part of
%
Group-wide matrix organization
BA
Terra
BA
Crea
BA
Vita
Brand, marketing s communications
Global Sales
Supply Chain
IT
Group Functions
16 MARCH 11, 2026 FISKARS GROUP
Share of headcount
REVIEW BY THE PRESIDENT AND CEO AGM 2026
Full business
accountability
End-to-end responsible business CEOs, improved flexibility and speed
Transparency and
measurability More precise target setting and capital allocation
In the final phase of the transformation process, the BAs become separate legal subgroups under the holding company Fiskars Corporation
This process will be completed by the end of Q1 2026
This way of operating enables speed of execution, and is a key enabler for future growth
Independent legal entities
Enable structural optionality
Dedication Accelerate differing growth opportunities
17 MARCH 11, 2026 FISKARS GROUP
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
REVIEW BY THE PRESIDENT AND CEO AGM 2026
Our lean Leadership Team is now aligned with the new model
Jyri Luomakoski
Fiskars Group's President
s CEO
In his position since 2025, in the company's Board of Directors 2016-2025
Jussi Siitonen
Fiskars Group's CFO
In his position since 2021
Daniel Lalonde
CEO of Vita
In his position since 2025
Dr. Steffen Hahn
CEO of Fiskars
In his position since 2024
19 MARCH 11, 2026 FISKARS GROUP
REVIEW BY THE PRESIDENT AND CEO AGM 2026
FISKARS GROUP IN BRIEF
Year 2025
DIVIDEND PROPOSAL
GUIDANCE FOR 2026 AND SUMMARY
20 MARCH 11, 2026 FISKARS GROUP
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 on cash flow yielded results toward
the end of the year
- Leverage has increased above our maximum target level
In 2026, our priority is to strengthen our performance and reduce leverage with focused and determined actions
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, %
46%
54%
>1%
-1.5% 0.0%*
1,157.1
1,140.0
1,140.2
BA Fiskars
BA Vita
Other Asia-Pacific
20%
2024 | FX | 2024 | BA | BA | Other | 2025 |
reported | comparable | Vita | Fiskars |
* Comparable net sales exclude the impact of exchange rates, acquisitions and divestments.
Americas
29%
51% Europe
22 MARCH 11, 2026 FISKARS GROUP
REVIEW BY THE PRESIDENT AND CEO AGM 2026
Comparable EBIT declined impacted by our actions to reduce inventories
COMPARABLE EBIT, EURm
120
100
80
60
40
20
0
23
-35.0
111.4 76.4FY-24 Sales Volume
MARCH 11, 2026 FISKARS GROUP
Gross Margin
COGS SGsA
Tariffs Marketing SGsA Other
Income
FY-25
BA Vita's production scale-down key reason behind EBIT decline
BA Fiskars was able to mitigate a large part of the
U.S. tariff impacts
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
92
78
69
53
36
42
49
13 12
-20
-17
-17
-10
EURm 100
75
50
25
0
-25
Q4-22
Q1-23
-50
1-12/2025: 76.3 (81.7) EURm
200
150
100
50
0
-50
-100
Q1-25
Q2-25
Q3-25
Q4-25
-150
Q2-23
Q3-23
Q4-23
Q1-24
Q2-24
Q3-24
Q4-24
Quarterly free cash flow(LHS) LTM free cash flow(RHS)24 11. MAALISKUUTA 2026 FISKARS-KONSERNI
REVIEW BY THE PRESIDENT AND CEO AGM 2026
Leverage is above our target - turned downward in the fourth quarter and focused deleveraging actions continue
N E T D E B T ( E U R m ) A N D N E T D E B T / L T M E B I T D A ( E X C L U D I N G I A C )
EURm Multiple
700
600
500
400
300
200
100
0
Georg Jensen
Georg Jensen
Georg Jensen
Q4-22 Q1-23 Q2-23 Q3-23 Q4-23 Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 Q3-25 Q4-25
4.0x
510
529
563
606
556
478
494
513
Target: Net debt/EBITDA ≤2.5
447
325
370
342
336
3.5x
3.0x
2.5x
2.0x
1.5x
1.0x
0.5x
0.0x
25 MARCH 11, 2026
FISKARS GROUP
Net debt / LTM EBITDA excl. IAC (RHS)
Net debt (LHS)REVIEW BY THE PRESIDENT AND CEO AGM 2026
We remain committed to the Group sustainability targets -
raised ambitions
ENVIRONMENTAL SOCIAL
2025
27%
2025
-62%
2025
-34%
2025
72%
Base year 2021
50%
in 2030
Base year 2017
-70%
in 2030
Base year 2018
-40%
in 2030
Target set 2025
80%
2025
4.0
Target
0
2025
77*
Target
80**
in 2029
A majority of our net sales comes from circular products and services by 2030
GHG emissions from own operations (Scope 1 and 2) reduced by 70% by 2030
GHG emissions from value chain (Scope 3) reduced by 40%
by 2030
80% of our suppliers by spend covering raw materials, components and finished goods will have science based targets by 2029
Zero harm with zero LTAF (Lost time accident frequency) by 2030.
Inclusion experience within the top 10% of global high-performing companies.
26 MARCH 11, 2026
FISKARS GROUP
* Fiskars Group conducted its latest employee engagement survey for all employees in April 2025. Inclusion Experience score was evaluated at 77
** Current benchmark: 80 (June 2024)
Business Areas27 MARCH 11, 2026 FISKARS GROUP
REVIEW BY THE PRESIDENT AND CEO AGM 2026
Business area Vita: Net sales increased, comparable EBIT declined impacted by inventory actions
SALES, EURm+1.2%
+3.0%*
605
613
545
564
555
NET COMPARABLE EBIT (EURm) AND MARGIN,%700
600
500
400
300
200
100
0
2021 2022 2023 2024 2025
90 20
85.6
79.2
62.3
14.5%
47.6
11.2%
7.9%
27.7
4.5%
15.2%
80
70 15
60
50
10
40
30
20 5
10
0 0
2021 2022 2023 2024 2025
*Comparable net sales exclude the impact of exchange rates, acquisitions and divestments
28 MARCH 11, 2026 FISKARS GROUP
REVIEW BY THE PRESIDENT AND CEO
BA Vita returned to organic net sales growth after two years
Net sales growth was driven byStrong DTC sales across online and physical stores
Continued positive momentum of
Georg Jensen
Good performance of Royal Copenhagen and Moomin Arabia brands, both celebrating anniversary years
29 MARCH 11, 2026 FISKARS GROUP
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
Net reduction of ~310 roles, ~10% of
which in Finland
Annual savings of ~EUR 28m; one-off costs of ~EUR 9m
Planned changes Expected outcomes
30 MARCH 11, 2026 FISKARS GROUP
Simplifying BA Vita's organizational
structure
Right-sizing capacity and streamlining operations at selected manufacturing and distribution sites