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FSKRS Fiskars News Story

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Brief: Fiskars To Reduce About 310 Roles Globally In Business Area Vita

Feb 5 (Reuters) - Fiskars Oyj Abp FSKRS.HE:

FISKARS GROUP'S BUSINESS AREA VITA PLANS CHANGES TO TURN AROUND ITS FINANCIAL PERFORMANCE AND LAY FOUNDATIONS FOR PROFITABLE GROWTH

CHANGES ARE EXPECTED TO LEAD TO A NET REDUCTION OF APPROXIMATELY 310 ROLES GLOBALLY IN BA VITA

PLANNED CHANGES ARE ESTIMATED TO RESULT IN TOTAL ANNUAL COST SAVINGS OF APPROXIMATELY EUR 28 MILLION

CLOSE TO ONE THIRD OF TOTAL SAVINGS IS EXPECTED TO REALIZE IN SECOND HALF OF 2026, AND MAJORITY OF REST OF SAVINGS IN 2027

ONE-OFF COSTS RELATED TO PLANNED CHANGES ARE EXPECTED TO AMOUNT TO A TOTAL OF APPROXIMATELY EUR 9 MILLION

TO REDUCE ABOUT 310 ROLES GLOBALLY IN BA VITA

Source text: ID:nWkrbZqC4J

Further company coverage: FSKRS.HE

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com;))

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