Slides
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Interim Report Q3 2026 FIFTH CONSECUTIVE QUARTER OF COMPARABLE NET SALES GROWTH - COMPARABLE EBIT AND FREE CASH FLOW ALSO IMPROVED JANUARY -SEPTEMBER 2026
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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 assurance can be given that such expectations will prove to have been correct. Accordingly, results could differ materially from those set out in the forward -looking statements as a result of various factors. Important factors that may cause such a difference for Fiskars Group include, but are not limited to: (i) the macroeconomic development and consumer confidence in the key markets, (ii) change in the competitive climate, (iii) change in the regulatory environment and other government actions, (iv) change in interest rates and foreign exchange rate levels, and (v) internal operating factors. This presentation does not imply that Fiskars Group has undertaken to revise these forward -looking statements, beyond what is required by applicable law or applicable stock exchange regulations if and when circumstances arise that will lead to changes compared to the date when these statements were provided. 2 OCTOBER 22, 2026 FISKARS GROUP INTERIM REPORT Q3 2026
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Agenda 3 1. Q3 in brief Jyri Luomakoski, President & CEO 2. Business Area Vita Daniel Lalonde, CEO of BA Vita 3. Business Area Fiskars Dr. Steffen Hahn, CEO of BA Fiskars 4. Selected key financials and guidance Niko Haavisto, CFO Jyri Luomakoski, President & CEO 5. Joint Q&A OCTOBER 22, 2026 FISKARS GROUP INTERIM REPORT Q3 2026
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Q3 in brief • 5th consecutive growth quarter: comparable net sales +3.0%, sales growth both in Business Area Vita and Fiskars • Comparable EBIT increased to EUR 20.2 million, driven by higher volumes and gross margin expansion ◦ BA Vita gross margin improvement from positive mix development ◦ BA Fiskars gross margin benefited from some U.S. tariff refunds • Free cash flow turned positive and amounted to EUR 14.4 million, driven by a more favorable development in trade working capital compared with the previous year Guidance for 2026 unchanged: comparable EBIT expected to improve COMPARABLE EBIT, EURm 20.2 Q3 2025: 13.9 NET SALES, EURm 268.7 Q3 2025: 259.3 FREE CASH FLOW, EURm 14.4 Q3 2025: -20.3 BA VITA 4.5%* BA FISKARS 1.2%* *Comparable change OCTOBER 22, 20264 FISKARS GROUP INTERIM REPORT Q3 2026
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Q3 2026 Group key figures – Both comparable net sales and comparable EBIT improved +3.6% +3.0%* NET SALES, EURm COMPARABLE EBIT (EURm) AND MARGIN (%) *Comparable net sales exclude the impact of exchange rates, acquisitions and divestments COMPARABLE EPS, EUR 0.14 Q3 2025: 0.08 COMPARABLE EBIT , EURm 20.2 Q3 2025: 13.9 COMPARABLE EBITDA , EURm 38.6 Q3 2025: 32.5 %EURm OCTOBER 22, 20265 FISKARS GROUP INTERIM REPORT Q3 2026
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The improvement in Group’s comparable EBIT was driven by Business Area Vita Q3 2026 COMPARABLE EBIT BRIDGE BY BA, EURm +6.2+6.3 OCTOBER 22, 20266 FISKARS GROUP INTERIM REPORT Q3 2026
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ENVIRONMENTAL Inclusion Experience within the top 10% of companies across industries Zero harm with zero LTAF (Lost time accident frequency) SOCIAL May 2026 71 Target 88 Q1-Q3 2025: 3.7 Apr 2025: 77** Net sales from circular products and services % of raw material, component, and finished goods suppliers, have set science -based targets 50% in 2030 Emissions from own operations (Scope 1 & 2) -70% in 2030 80% in 2029 Base year 2021 Base year 2017 Target set 2025 Q1-Q3 2026 30% Q1-Q3 2026 -64% Sep 30, 2026 72% Q1-Q3 2025: 27% Q1-Q3 2025: -61% 30.6.2026: 72% -40% in 2030 2025 -34%* Base year 2018 Emissions from value chain (Scope 3) 2024: -33% Q1-Q3 2026 2.2 Target 0 *Progress in this target is reported on an annual basis **Due to changes in the index and methodology, the May 2026 result is not directly comparable to the previous April 2025 result We remain committed to sustainability – steady progress towards our targets OCTOBER 22, 20267 FISKARS GROUP INTERIM REPORT Q3 2026
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8 Business Area performance OCTOBER 22, 2026 FISKARS GROUP INTERIM REPORT Q3 2026
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Business Area Vita DANIEL LALONDE CEO OF BUSINESS AREA VITA
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BA Vita Q3: Fifth consecutive growth quarter, comparable EBIT improved to EURm 11.0 from EURm 5.2 • Fifth consecutive growth quarter, comparable net sales up by 4.5% ◦ Growth across DTC and wholesale ◦ Driven by multiple brands, particularly by Georg Jensen, Moomin Arabia and Rörstrand • Comparable EBIT more than doubled driven by higher volumes, improved gross margin and savings from turnaround actions • Comparable gross margin increased by 190 bps to 53.9% • Efforts to reduce elevated inventory levels and rationalize production continued NET SALES, EURm *Comparable net sales exclude the impact of exchange rates, acquisitions and divestments COMPARABLE EBIT (EURm) AND MARGIN (%) +4.9% +4.5%* %EURm 10 OCTOBER 22, 2026 FISKARS GROUP INTERIM REPORT Q3 2026
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Business Area Vita’s Q3 comparable EBIT bridge BA VITA Q3 2026 COMPARABLE EBIT BRIDGE, EURm +6.0+5.8 11 OCTOBER 22, 2026 FISKARS GROUP INTERIM REPORT Q3 2026
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12 Business Area Vita offering highlights Georg Jensen launched Fold, a design intended to evolve into a broader platform over time Waterford celebrated the 250th anniversary of the U.S. with a special exclusive collection Moomin Arabia’s Rebel Club features comic-style illustrations, offering a fresh interpretation of familiar characters Iittala introduced Unda, a collection designed in collaboration with designer Sabine Marcelis OCTOBER 22, 2026 FISKARS GROUP INTERIM REPORT Q3 2026
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Business Area Fiskars DR. STEFFEN HAHN CEO OF BUSINESS AREA FISKARS
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BA Fiskars Q3: Sales growth driven by Fiskars brand in the U.S., comparable EBIT supported by volumes and some tariff refunds • Comparable net sales increased by 1.2% ◦ Fiskars brand continued to grow in the U.S. driven by distribution gains and strong sell-out ◦ In Europe, sales development stabilized driven by new product categories • Comparable EBIT increased driven by higher volumes and improved gross margin, which benefited from some U.S. tariff refunds • Comparable gross margin increased by 270 bps to 42.0%*Comparable net sales exclude the impact of exchange rates, acquisitions and divestments COMPARABLE EBIT (EURm) AND MARGIN (%) +2.2% +1.2%* NET SALES, EURm %EURm 14 OCTOBER 22, 2026 FISKARS GROUP INTERIM REPORT Q3 2026
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Business Area Fiskars’ Q3 comparable EBIT bridge BA FISKARS Q3 2026 COMPARABLE EBIT BRIDGE, EURm +0.9+1.2 OCTOBER 22, 202615 FISKARS GROUP INTERIM REPORT Q3 2026
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16 Business Area Fiskars offering highlights Fiskars Power Tool launches eSnowShovel and Power Hedge trimmers – all based on the Fiskars’ USB-C Powerbank platform Scissor collection in collaboration with MoMA leverages a long-standing connection with designs inspired by artworks OCTOBER 22, 2026 FISKARS GROUP INTERIM REPORT Q3 2026
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Selected key financials and guidance NIKO HAAVISTO, CFO OF FISKARS GROUP JYRI LUOMAKOSKI, PRESIDENT & CEO OF FISKARS GROUP OCTOBER 22, 2026 FISKARS GROUP INTERIM REPORT Q3 202617
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Free cash flow improved year -on-year driven by trade working capital development CASH EARNINGS PER SHARE , EUR 0.44 Q3 2025: 0.00 CASH FLOW FROM OPERATIONS , EURm 36.7 Q3 2025: 1.7 CHANGE IN NET WORKING CAPITAL , EURm 1.3 Q3 2025: -26.4 CAPEX , EURm 10.1 Q3 2025: 10.2 QUARTERLY FREE CASH FLOW* (UNLEVERED), EURm +35 *Calculation of free cash flow has been changed to include lease payments. Comparative periods have been restated accordingly. EURm EURm 18 OCTOBER 22, 2026 FISKARS GROUP INTERIM REPORT Q3 2026
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Group’s comparable EPS and CEPS increased notably GROUP Q3 2026 EPS BRIDGE, EUR GROUP Q3 2026 CEPS BRIDGE, EUR +0.04 +0.06 +0.44 OCTOBER 22, 202619 FISKARS GROUP INTERIM REPORT Q3 2026
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Net Debt to EBITDA improved from the comparison period NET DEBT (EURm) AND NET DEBT / LTM COMPARABLE EBITDA -0.06x-0.34x Financial target NET DEBT , EURm 551.8 Sep 30, 2025: 605.6 NET DEBT / COMPARABLE LTM EBITDA 3.36x Sep 30, 2025: 3.70x EURm Multiple OCTOBER 22, 202620 FISKARS GROUP INTERIM REPORT Q3 2026
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Fiskars Corporation expects comparable EBIT to improve from the 2025 level (2025: EUR 76.4 million) BA Vita’s actions to reduce elevated inventories will carry some negative impact Assumptions behind the guidance Guidance for 2026 (unchanged) + 21 Uncertainties in the global economy persist, limited visibility The fourth quarter is typically important for the Group’s comparable EBIT generation, with improvement in the full- year comparable EBIT expected to be primarily driven by Business Area Vita -Previously announced changes in BA Vita expected to support EBIT in Q4 + Year-end is seasonally less substantial for BA Fiskars, some further tariff refunds during Q4 OCTOBER 22, 2026 FISKARS GROUP INTERIM REPORT Q3 2026
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22 Q&A OCTOBER 22, 2026 FISKARS GROUP INTERIM REPORT Q3 2026
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23 Thank you! OCTOBER 22, 2026 FISKARS GROUP INTERIM REPORT Q3 2026
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Appendix
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Q3 2026 P&L profiles – Group and Business Areas Fiskars Vita Group COMPARABLE NET SALES DEVELOPMENT COMPARABLE GROSS MARGIN SG&A AND MARKETING COMPARABLE EBIT MARGIN Marketing SG&A OCTOBER 22, 202625 FISKARS GROUP INTERIM REPORT Q3 2026
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Q1–Q3 2026 comparable EBIT bridges GROUP Q1 –Q3 2026 COMPARABLE EBIT BRIDGE, EURm BA VITA Q1 –Q3 2026 COMPARABLE EBIT BRIDGE, EURm BA FISKARS Q1 –Q3 2026 COMPARABLE EBIT BRIDGE, EURm +9.1 +4.2+1.7+8.7 11.99.3 OCTOBER 22, 202626 FISKARS GROUP INTERIM REPORT Q3 2026
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Consolidated Q3 & Q1 –Q3 2026 Key Figures Q3 Q3 Q1–Q3 Q1–Q3 2026 2025 2026 2025 Comparable Earnings per Share 0.14 0.08 0.26 0.17 Earnings per Share 0.10 0.07 0.11 -0.13 Cash Earnings per Share 0.44 0.00 0.99 0.17 Q3 Q3 Q1–Q3 Q1–Q3 2026 2025 2026 2025 Net Sales 268.7 259.3 812.5 809.5 Comparable Gross Profit 131.3 121.1 385.1 380.6 Sales and Marketing -74.8 -74.2 -228.9 -234.9 Research and Development -5.7 -5.3 -17.4 -16.6 General admin -30.5 -27.9 -89.1 -89.5 Other income/expenses, net -0.2 0.1 3.2 4.1 Comparable EBIT 20.2 13.9 52.9 43.6 Items affecting comparability -3.7 -1.9 -15.6 -31.0 EBIT 16.5 12.0 37.3 12.6 Change in FV of bio-assets 0.4 1.2 -0.3 2.8 Financial income/expense -6.0 -5.0 -24.7 -26.4 Pre-Tax Result 10.9 8.2 12.3 -11.0 Income taxes -2.4 -2.9 -3.1 1.1 Profit for the period 8.5 5.3 9.2 -9.9 Comparable Gross Margin 48.9 % 46.7 % 47.4 % 47.0 % Comparable EBIT Margin 7.5 % 5.3 % 6.5 % 5.4 % Q3 & Q1 –Q3 PER SHARE KEY FIGURES, EURQ3 & Q1 –Q3 P&L KEY FIGURES , EURm OCTOBER 22, 202627 FISKARS GROUP INTERIM REPORT Q3 2026
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Items Affecting Comparability Q3 & Q1 –Q3 2026 IAC ADJUSTMENT BY P&L LINE ITEM (EURm) Q3 Q3 Q1–Q3 Q1–Q3 2026 2025 2026 2025 EBIT IFRS 16.5 12.0 37.3 12.6 Depreciation, amortization and impairment 19.0 18.7 58.8 56.7 EBITDA 35.5 30.6 96.1 69.4 Items affecting comparability in EBIT BA Vita turnaround actions 2.4 11.9 Business Area separation 0.4 0.7 1.2 3.5 Organizational changes 0.0 1.2 0.5 6.4 Digital & IT assets write-off 26.4 Sale of watering business -5.3 Other 0.8 2.0 Total items affecting comparability in EBIT 3.7 1.9 15.6 31.0 Comparable EBIT 20.2 13.9 52.9 43.6 Depreciation, amortization and impairment, excl. IAC 18.4 18.7 56.3 56.7 Comparable EBITDA 38.6 32.5 109.2 100.4 Q3 2026 IFRS IAC Excl IAC Net sales 268.7 0.0 268.7 Cost of goods sold -139.4 2.0 -137.4 Sales and marketing expenses -75.6 0.8 -74.8 Administration expenses -31.3 0.9 -30.5 Research and development expenses -5.7 0.0 -5.7 Other operating income and expenses -0.2 0.0 -0.2 EBIT 16.5 3.7 20.2 Q1–Q3 2026 IFRS IAC Excl IAC Net sales 812.5 0.0 812.5 Cost of goods sold -434.3 6.9 -427.4 Sales and marketing expenses -232.8 3.8 -228.9 Administration expenses -93.7 4.6 -89.1 Research and development expenses -17.6 0.2 -17.4 Other operating income and expenses 3.1 0.0 3.2 EBIT 37.3 15.6 52.9 EBIT BRIDGE FROM IFRS EBIT TO COMPARABLE EBIT (EURm) OCTOBER 22, 202628 FISKARS GROUP INTERIM REPORT Q3 2026
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Q3-2026 vs. LY Q1–Q3 2026 vs. LY EBITDA 35.5 +4.8 96.1 +26.7 Change in provisions -0.3 +2.7 4.3 +4.4 Non-cash adjustments 0.2 -0.2 0.1 -26.2 Cash Flow from operations 35.4 +7.3 100.4 +5.0 Change in inventories 2.5 +12.2 -12.9 +32.9 Change in trade rec's -4.8 +6.8 6.2 +6.5 Change in trade Pbl's 2.9 +10.2 -0.1 +6.3 Change in TWC 0.7 +29.3 -6.8 +45.7 Change in in other int.free items 0.6 -1.6 1.4 +14.6 Change in NWC 1.3 +27.7 -5.4 +60.3 CAPEX -10.1 +0.1 -22.3 +12.0 Operating Cash Flow 26.6 +35.1 72.7 +77.2 Lease payments -10.9 -0.8 -34.1 -3.4 Taxes paid -1.3 +0.5 -4.9 +5.7 Free Cash Flow 14.4 +34.7 33.7 +79.5 Q3 & Q1–Q3 2026 Free cash flow Q3 & Q1 –Q3 FREE CASH FLOW, EURm OCTOBER 22, 202629 FISKARS GROUP INTERIM REPORT Q3 2026
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Net Debt / EBITDA (LTM) for Q3 2026 at 3.36X Sep 30, 2026 Sep 30, 2025 GW and other intangible 555.6 562.8 PPE and biological assets 226.9 227.4 Capitalised leases (ROU) 110.7 132.7 Non-Current Assets 893.2 922.9 Inventories 338.2 357.4 Trade receivables 174.2 180.2 Trade payables -84.1 -80.7 Trade Working Capital 428.3 456.9 Other int-free receivables 52.0 60.1 Other int-free payables -208.2 -191.2 Operating Capital 1,165.3 1,248.6 Net tax liabilities 10.4 14.0 Capital Employed 1,175.7 1,262.6 Sep 30, 2026 Sep 30, 2025 Equity 660.4 693.7 Interest-bearing debt 496.7 503.7 Lease liabilities 120.0 142.8 Cash -64.9 -40.8 Net Debt 551.8 605.6 Financial assets -36.5 -36.7 Financing Total 1,175.7 1,262.6 Sep 30, 2026 Sep 30, 2025 Comparable EBIT margin (LTM) 7.5 % 7.5 % Capital turnover (average) 0.96 0.92 ROCE % (LTM) 7.2 % 7.0 % Cash conversion (LTM) 141.3 % 16.5 % Net Debt / Comparable EBITDA (LTM) 3.36 3.70 Net Debt / Equity 84 % 87 % CAPITAL EMPLOYED, EURm FINANCING , EURm BALANCE SHEET KPIs OCTOBER 22, 202630 FISKARS GROUP INTERIM REPORT Q3 2026
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Trade working capital decreased, LTM ROCE 7.2% Fiskars Vita Group TRADE WORKING CAPITAL (END OF QUARTER, EURM) ROLLING 12 MONTHS CAPEX BY BA (EURM) AND % OF NET SALES TRADE WORKING CAPITAL AS SHARE OF NET SALES BY BA (END OF QUARTER, EURM, ROLLING 12 MONTHS NET SALES) OCTOBER 22, 202631 FISKARS GROUP INTERIM REPORT Q3 2026
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Financial targets for 2026 -2030, tracking on a full -year basis KPI TARGET GROWTH Comparable 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 / EBIT excl. IAC (LTM)*2026-2030 Fiskars Group ≥75% LEVERAGE Net debt/comparable EBITDA (LTM) 2026-2030 Fiskars Group ≤2.5 at year-end *Cash conversion based on unlevered FCF, LTM EBIT IFRS 16 adjusted. OCTOBER 22, 202632 FISKARS GROUP INTERIM REPORT Q3 2026
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Fiskars Group’s quarterly development – last 3 years *Comparable net sales exclude the impact of exchange rates, acquisitions and divestments NET SALES, EURm COMPARABLE EBIT (EURm) AND MARGIN (%) +3.6% +3.0%* %EURm OCTOBER 22, 202633 FISKARS GROUP INTERIM REPORT Q3 2026
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Business Area Vita's quarterly development – last 3 years *Comparable net sales exclude the impact of exchange rates, acquisitions and divestments +4.9% +4.5%* NET SALES, EURm COMPARABLE EBIT (EURm) AND MARGIN (%) %EURm OCTOBER 22, 202634 FISKARS GROUP INTERIM REPORT Q3 2026
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Business Area Fiskars' quarterly development – last 3 years *Comparable net sales exclude the impact of exchange rates, acquisitions and divestments +2.2% +1.2%* NET SALES, EURm COMPARABLE EBIT (EURm) AND MARGIN (%) %EURm OCTOBER 22, 202635 FISKARS GROUP INTERIM REPORT Q3 2026