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Posted by / 31-Jan-2018 17:04

Royal copenhagen dating system

The group has a strong portfolio of respected international brands, including Fiskars, Iittala and Gerber.Founded in 1649 and listed on NASDAQ OMX Helsinki, Fiskars is Finland's oldest company.The acquisition is expected to have a positive effect on Fiskars Group’s EBIT from 2013 onwards.“I am proud to welcome Royal Copenhagen to our portfolio of esteemed brands, renowned for their quality, design, longevity and rich heritages.The total consideration payable (debt-free enterprise value) for the shares is DKK 490 million, equaling approximately EUR 66 million, less net debt and working capital adjustments as per closing of the transaction.The transaction will be financed using Fiskars’ existing credit programs and the transaction is expected to be completed in Q1 2013.

Fiskars is a leading global supplier of consumer products for the home, garden and outdoors.Fiskars recorded net sales of EUR 743 million in 2011, and employs some 3,400 people in over 20 countries.Royal Copenhagen porcelain and pottery have been made in Denmark since 1775. The figurines with pale blue and gray glazes have remained popular in this century and are still being made.In Fiskars, we will get an international and financially strong owner with its own deep roots in the Nordic design tradition – and respect for unique design traditions that are more than 360 years old.In other words, we will get an owner with both the experience and the capital to continue the very healthy development process and international expansion that Royal Copenhagen has already started”, says Mads Ryder, CEO of Royal Copenhagen.

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