Who Owns Fiskars Company?

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Who Owns the Company?

Fiskars Group, a Finnish consumer goods company, traces its origins to 1649. Understanding its ownership is key to grasping its strategic path and market standing. A significant development is the planned separation of its Fiskars and Vita business areas by April 1, 2025.

This corporate unbundling underscores shifts in ownership and their influence on business focus and potential future public offerings.

As a global entity, its ownership structure has evolved significantly since its founding as an ironworks. The company's shares are publicly traded on Nasdaq Helsinki, making its ownership accessible to a broad range of investors.

The ownership of Fiskars Group is primarily distributed among institutional investors, with a notable presence of Finnish investment funds and asset managers. Historically, the company has also seen significant holdings by Finnish foundations and families, reflecting its deep roots in Finland. For instance, the Orthez Foundation, a significant shareholder, plays a role in the company's governance. In 2024, the company reported global net sales of EUR 1.2 billion and employed approximately 7,000 people across 29 countries. Its diverse portfolio includes brands that offer products for home and garden, such as the well-known orange-handled scissors, a testament to its design heritage. A deeper dive into its market positioning can be found in the Fiskars PESTEL Analysis.

The Fiskars company's journey began in 1649 when Peter Thorwöste received a charter from Queen Christina of Sweden to establish an ironworks. Initially, this operation in Fiskars, Finland, focused on producing essential metal goods like nails and hoes. For its first few centuries, Fiskars remained a privately held business.

Founding of Fiskars

Peter Thorwöste founded the Fiskars ironworks in 1649 under a charter from Queen Christina of Sweden.

Early Private Ownership

For its initial centuries, Fiskars operated as a privately owned enterprise.

Björkman Family Era

In 1783, the Björkman family took ownership, shifting the focus to copper ore processing.

Julin's Acquisition and Innovation

Johan Jacob Julin acquired the ironworks in 1822, leading to significant development and the establishment of Finland's first cutlery mill.

Transition to Public Company

By 1883, Fiskars became a joint-stock company, and in 1915, it was listed on the Helsinki Stock Exchange.

Fiskars' Finnish Roots

The company originated in Finland, and its transformation into a public entity solidified its corporate structure.

The transition from family ownership to a publicly traded entity marked a significant milestone in the Fiskars company owner history. This shift allowed for broader investment and facilitated further expansion and innovation, impacting its future Fiskars stock ownership dynamics. Understanding this early period is crucial to grasping the Fiskars Group history of ownership and its evolution.

Key Ownership Milestones

The Fiskars ownership structure has evolved significantly since its founding.

• Founded in 1649 by Peter Thorwöste.
• Privately owned for centuries.
• Björkman family ownership from 1783.
• Johan Jacob Julin acquired the company in 1822, introducing innovation.
• Became a joint-stock company in 1883.
• Listed on the Helsinki Stock Exchange in 1915, making it a publicly traded company.

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Fiskars Corporation, a company with a history dating back to its 1915 listing on the Helsinki Stock Exchange, has seen its ownership evolve significantly. As a publicly traded entity, its shareholder base is diverse, with a notable concentration of influence among institutional investors and family holdings, shaping its strategic direction over time.

The enduring influence of the Ehrnrooth family, holding a combined stake of 15.77%, highlights a significant concentration of ownership. This family's substantial shareholding, amounting to 12,777,500 shares, suggests a deep-rooted interest in the company's long-term trajectory and governance. This level of control is often seen in companies where founding families maintain a strong connection, impacting strategic decisions and capital allocation. The company's commitment to managing its capital structure is also evident through share buyback programs. In 2024, Fiskars acquired 40,718 of its own shares for approximately EUR 0.6 million. Further acquisitions continued into 2025, with 2,500 shares bought on August 8, 2025, and another 2,500 on August 22, 2025, bringing the total treasury shares to 292,825. These actions reflect a strategy that balances shareholder returns with investment in the company's future, a common approach influenced by major stakeholders.

Understanding Fiskars' Shareholder Landscape

Fiskars Corporation's ownership structure is characterized by significant family influence and active share management.

• The Ehrnrooth family holds a substantial stake, indicating strong family governance.
• Institutional investors also play a key role in the company's shareholder base.
• Share buybacks are utilized to manage capital and enhance shareholder value.
• The company's Finnish origins are a key aspect of its identity and ownership.
• Fiskars is a publicly traded company, meaning its stock is available to a wide range of investors.

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The governance of Fiskars Corporation is guided by its Board of Directors, which consists of a minimum of five and a maximum of ten members. As of 2025, the board includes Paul Ehrnrooth as Chair, Rolf Ladau as Vice Chair, Albert Ehrnrooth, Louise Fromond, Julia Goldin, Carl-Martin Lindahl, Jyri Luomakoski, Susan Repo (Chair of the Audit Committee), and Susanne Skippari.

Fiskars Corporation employs a single class of shares, where each share carries one vote at Shareholders' Meetings, adhering to the 'one-share-one-vote' principle. This structure ensures that voting power is directly proportional to share ownership. The Ehrnrooth family holds a significant stake of 15.77%, granting them substantial influence over corporate decisions, including board appointments and strategic direction. The absence of recent proxy battles or activist campaigns suggests a stable governance framework, likely bolstered by the strong presence of major shareholders on the board and within the broader Competitors Landscape of Fiskars.

Understanding Fiskars Voting Power

Fiskars Corporation's voting power is concentrated due to its share structure and significant shareholder holdings. The Ehrnrooth family's substantial stake plays a key role in shaping the company's direction.

• One-share-one-vote principle ensures direct voting rights per share.
• Ehrnrooth family holds 15.77% of Fiskars stock.
• This ownership concentration grants considerable voting power.
• The board composition reflects significant shareholder influence.

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Fiskars Group is undergoing a significant transformation, planning to separate its Fiskars and Vita business areas into distinct entities by April 2025. This strategic move aims to unlock unique growth opportunities for each segment, with potential for a separate listing of the Vita division. These changes are occurring alongside shifts in leadership and active share buyback programs, reflecting a dynamic approach to corporate structure and shareholder value.

Recent developments at Fiskars Group highlight a strategic pivot towards operational independence for its core business segments, Fiskars and Vita. This restructuring, set to take effect by April 2025, is designed to foster distinct growth trajectories and could lead to the Vita division being independently listed. The company's ownership structure and management are adapting to these changes, with notable leadership transitions and a continued emphasis on share management through buyback programs. These actions align with broader industry trends of unbundling diversified portfolios and increasing institutional investor focus.

Strategic Separation of Business Areas

Fiskars Group is separating its Fiskars and Vita business areas into independent entities. This move is planned to be effective from April 1, 2025, with the legal structure finalized by the end of Q1 2026.

Leadership and Management Adjustments

Key leadership changes include the departure of Christian Bachler and the appointment of Dr. Steffen Hahn as CEO of Business Area Fiskars. Nathalie Ahlström served as interim CEO for Vita, with Jyri Luomakoski stepping in as interim Group CEO.

Shareholder Value Initiatives

Fiskars Corporation has actively engaged in share buybacks, acquiring shares in 2024 and continuing into 2025. The company also increased share allocations for its management's Restricted Share Plan to align incentives.

Market Performance and Guidance

The company revised its 2025 guidance in June 2025, citing a decline in U.S. retailer demand due to tariff impacts. Fiskars is focusing on productivity and pricing to mitigate cost pressures and maintain margins.

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