The Fiskars Corporation (OMX|HEX24267|FISAS) is a metal and consumer brands company founded in
1649at Fiskars Bruk( _fi. Fiskarsin Ruukki), a locality in Pohjamunicipality, Finland, about 100 km west of Helsinkion the old main road from Turkuto Vyborg. Fiskars is best known today for its scissors, axes, and high-quality knives.
The Fiskars Corporation was formed in 1649 when a Dutch merchant named Peter Thorwöste was given a charter to establish a
blast furnaceand forging operation in the small village of Fiskars. The furnace produced pig ironthat was shingled to wrought ironin the finery forges powered by water wheels.In the early years, Fiskars made nails, wire, hoes, and metal reinforced wheels from wrought iron.
As industrial and economic development accelerated in Europe, Fiskars was on the forefront of innovation, and expanded the knifeworks to become a premier
steeland 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 steel. One of their most recognizable products, 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 Exchangein 1915.
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; Fiskars School, Office, and Craft, Madison, Wisconsin, USA; Fiskars Garden and Outdoor Living, Sauk City, Wisconsin, USA; Fiskars Europe, Brussels, Belgium; and Fiskars Corporation and Fiskars Housewares, Helsinki, Finland.
Iittala Group, the Finnish houseware design company, was acquired by Fiskars in 2007. cite web |url= http://www.fiskars.fi/news/press_h.html?Id=hex_200706290000254135.html |title= Fiskars acquires Iittala Group |date= 2007-06-29 | publisher= Fiskars Corporation | accessdate=2008-03-21]
Inha Works, located on
Ähtäri, Finland, is a wholly owned subsidiary of Fiskars that produces aluminium boats with the " Buster" brand name.
Fiskars is also the largest shareholder of its associated company,
Wärtsiläand also operates a real estate group that manages about 150 km² of land near the birthplace of the company.
Fiskars Corporation, headquartered out of Helsinki, is the company's 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.
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 company's 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.
Louis De Geer (1587-1652)
* [http://www.fiskars.fi Fiskars Corporation homepage]
* [http://www.fiskarscraft.co.uk/ Fiskars craft official website ]
* [http://www.fiskarsbrands.com/ Fiskars Brands homepage]
* [http://www.fiskars.com/ Fiskars Craft and Garden homepage]
* [http://www.gerbergear.com/ Gerber Blades (Fiskars Outdoor Recreation]
* [http://www.inha.fi/ Inha Works]
* [http://www.fiskarsvillage.fi/en/ The Fiskars Village]
* [http://www.fiskateers.com The Fiskateers]
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