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Fiskars Corporation is a metal and consumer brands company founded in 1649 in Fiskars bruk, today Fiskars ruukki in the municipality of Pohja, Finland located cirka 100 kilometres west for Helsinki along the ancient mainroad from Turku to Vyborg. Most noticeable products of Fiskars are their scissors and axes, but the knives are also worth mentioning.

History

The Fiskars Corporation was formed in 1649 when a Dutch merchant named Peter Thorwöste was given a charter to establish a blast furnace and forging operation in the small village of Fiskari (Fiskars in Swedish), near Helsinki. In the early years, Fiskars made nails, wire, hoes, and metal reinforced wheels from pig iron.

As industrial and economic development accelerated in Europe, Fiskars was on the forefront of innovation, and expanded the knifeworks to become a premier steel and ironworks company, manufacturing agricultural machinery, steam engines, and household utensils, including candlesticks, forks, and scissors. The first pair of Fiskars scissors was created more than 130 years ago, and made of heavy forged steal. Their maybe most famous brand, the orange colored scissors were designed in 1967. Fiskars was also one of the first companies in Europe to manufacture microwave ovens.

Fiskars was listed on the Helsinki Stock Exchange in 1915.

Today

Fiskars is now a holding company. Their largest holding is Fiskars Brands, which still produces the traditional craft and garden products that made the company famous. This division is headquartered in Madison, Wisconsin, United States. The business areas of Fiskars Brands include Outdoor Recreation, Portland, Oregon, USA; Consumer Electronics Plymouth, Minnesota, USA; Fiskars School, Office, and Craft, Madison, Wisconsin, USA; Fiskars Garden and Outdoor Living, Sauk City, Wisconsin, USA; Fiskars Europe, Brussells, Belgium; and Fiskars Corporation and Fiskars Housewares, Helsinki, Finland.

Fiskars is also the largest shareholder of its associated company, Wärtsilä and also operates a real estate group that manages about 150 km² of land near the birthplace of the company.

Inha Works, located on Ähtäri, Finland is a wholly owned subsidiary of Fiskars that produces aluminium boats with the Buster brand name.

Fiskars Corporation, headquartered out of Helsinki, is the companies global headquarters and oversees all of these operations.

Fiskars has over 4,300 employees worldwide. Most of these employees work in offices that oversee the companies operation in the country or region which they serve. The countries and regions are Asia, Australia, Belgium, Canada, China, Denmark, Finland, France, Germany, Hungary, Italy, Japan, Mexico, Norway, Poland, Russia, Sweden, UK, and USA. The company also has manufacturing facilities in Taiwan, China, and other locations, but many products are not manufactured offshore to their markets.

Financial

In 2004, Fiskars made €597.0 (million) in net sales. The cost of the goods sold was €420.3. Gross profit was €157.7. Sales and marketing expenses were €64.5, administration expenses were €60.6, restructuring expenses were €3.5, financial expenses were €3.3, and other operating expenses were €12.6. Fiskars made €20.9 from share in associated companies and €3.6 from other operating income. Profit before taxes was €56.7 and after taxes was €44.9.

The companies profit was 7.5% of net sales, up from -2.1%, or -€12.8 in 2003, even though the company had net sales of €620.3 in 2003.

External links

• Fiskars Corporation homepage
• Fiskars Brands homepage
• Inha Works
• The Fiskars Village

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