Regulatory press release

Fiskars Corporation: New periods to start within the share-based long-term incentive programs of Fiskars Group

Fiskars Corporation
Stock exchange release
February 6, 2025 at 08.55 a.m. EET

New periods to start within the share-based long-term incentive programs of Fiskars Group

The Board of Directors of Fiskars Corporation has approved the launch of new periods for the years 2025-2027 within the Performance Share Plan and Restricted Share Plan, which form a part of Fiskars Group's remuneration program for its key employees. The aim of the plans is to support the implementation of the company's strategy and drive profitable growth and to align the objectives of key employees with the shareholders to increase the value of the company.

Performance Share Plan

The Performance Share Plan consists of annually commencing individual performance share plans, each with a three-year performance period, followed by the payment of the potential share reward. The Board of Directors will decide separately the commencement of each individual plan, the performance criteria and related targets of the plan, the participants and the minimum, target and maximum rewards for each participant. The amount of the reward paid to a key person depends on achieving the pre-established targets. No reward will be paid if targets are not met or if the participant's employment or service ends before reward payment.

For the 2025-2027 performance period, the plan has a maximum of 70 participants and the performance targets relate to the company's absolute total shareholder return, cumulative comparable EBIT and advancing circular products and services. If the targets of the plan are reached, rewards will be paid to participants in the spring of 2028.

If all maximum performance targets are reached, the reward payable in shares on the basis of the 2025-2027 performance period would amount to a total gross maximum of 700,000 shares. For reference purposes only (noting that the market value of the shares will constantly change), calculated based on the volume weighted average price of Fiskars share on February 5, 2025, the estimated total value of this 2025-2027 performance period is approximately EUR 10.4 million.

Restricted Share Plan

The Restricted Share Plan consists of annually commencing individual restricted share plans. Each plan comprises an overall three-year retention period during which the company may grant fixed share rewards to individually selected key employees as a long-term retention tool. The Board of Directors will decide separately the commencement of each individual plan. The company may choose to use a shorter retention period on a case by case basis within this overall three-year period. The granted share rewards will be paid after the retention period. No reward will be paid if the participant's employment or service ends before reward payment.

For the 2025-2027 plan, the plan has a maximum of 30 participants and the share rewards potentially granted thereunder will be paid in spring of 2028.

The aggregate total maximum number of shares to be paid based on the plan for years 2025-2027 is gross maximum of 100,000 shares. For reference purposes only (noting that the market value of the shares will constantly change), calculated based on the volume weighted average price of Fiskars share on February 5, 2025, the estimated total value of this 2025-2027 period is approximately EUR 1.5 million.

Other terms

For the plans for years 2025-2027, the maximum value of the reward payable to each participant based on each of the above described plans is limited by a cap linked to Fiskars share price development. Information about the other terms applied to the plans has been published in a stock exchange release on December 10, 2020.

FISKARS CORPORATION

Further information:

Sanna Hellstedt, Director, Investor Relations (interim) and External Communications, tel. +358 40 553 3151

Fiskars Group in brief

Fiskars Group (FSKRS, Nasdaq Helsinki) is the global home of design-driven brands for indoor and outdoor living. Since 1649, we have designed products of timeless, purposeful, and functional beauty, while driving innovation and sustainable growth. In 2024, Fiskars Group's global net sales were EUR 1.2 billion and we had close to 7,000 employees. We have two Business Areas (BA), Vita and Fiskars.

BA Vita offers premium and luxury products for the tableware, drinkware, jewelry and interior categories. Its well-known brands include Georg Jensen, Royal Copenhagen, Wedgwood, Moomin Arabia, Iittala and Waterford. In 2024, BA Vita's reported net sales were EUR 605 million. Already 50% of BA Vita's net sales comes from direct-to-consumer sales, comprising approximately 500 stores and approximately 60 e-commerce sites.

BA Fiskars consists of the gardening and outdoor categories, in addition to the scissors and creating, as well as cooking categories. The brands include Fiskars and Gerber. In 2024, BA Fiskars' net sales were EUR 547 million.