Latest news with #Marimekko
Yahoo
19-05-2025
- Business
- Yahoo
Marimekko Corporation: Managers' transactions (Chen)
Marimekko Corporation, Managers' transactions, 19 May 2025 at 4.30 p.m. EESTMarimekko Corporation: Managers' transactions (Chen)Marimekko Corporation's Annual General Meeting held on 15 April 2025 resolved that approximately 40 percent of the annual remuneration of the members of the Board of Directors will be paid in Marimekko's shares acquired from the market. Pursuant to the resolution, shares have been acquired as follows:____________________________________________ Person subject to the notification requirementName: Chen, CarolPosition: Member of the Board/Deputy memberIssuer: Marimekko CorporationLEI: 74370053IOY42B9YJ350 Notification type: INITIAL NOTIFICATIONReference number: 74370053IOY42B9YJ350_20250519091659_45____________________________________________ Transaction date: 2025-05-16Venue: XHELInstrument type: SHAREISIN: FI0009007660Nature of the transaction: RECEIPT OF A SHARE-BASED INCENTIVE Transaction details(1): Volume: 909 Unit price: 0.00 EUR Aggregated transactions(1): Volume: 909 Volume weighted average price: 0.00 EUR MARIMEKKO CORPORATIONReleased by: Corporate Communications, Anna Tuominen, tel. +358 40 584 6944DISTRIBUTION:Nasdaq Helsinki LtdKey media Marimekko is a Finnish lifestyle design company renowned for its original prints and colors. The company's product portfolio includes high-quality clothing, bags and accessories as well as home décor items ranging from textiles to tableware. When Marimekko was founded in 1951, its unparalleled printed fabrics gave it a strong and unique identity. In 2024, the company's net sales totaled EUR 183 million and comparable operating profit margin was 17.5 percent. Globally, there are roughly 170 Marimekko stores, and online store serves customers in 39 countries. The key markets are Northern Europe, the Asia-Pacific region and North America. The Group employs about 480 people. The company's share is quoted on Nasdaq Helsinki Ltd.
Fibre2Fashion
15-05-2025
- Business
- Fibre2Fashion
Finland's Marimekko's Q1 sales hit $42.9 mn, eyes expansion in Asia
Finnish textiles and clothing company Marimekko Group has anticipated an increase in net sales in 2025 compared to 2024. The comparable operating profit margin is projected to be around 16–19 per cent (2024: 17.5 per cent). However, factors such as shifts in global trade policy, changes in consumer confidence and purchasing power in key markets, and potential disruptions in global supply chains may introduce volatility. International sales are estimated to grow in 2025. In the strategy period 2023–2027, Marimekko focusses on Asia as the most important geographical area for international growth. In 2025, net sales in the Asia-Pacific region, group's second-largest market, are expected to increase. All brick-and-mortar Marimekko stores and most online stores in Asia are partner-owned. In 2025, the aim is to open approximately 10–15 new Marimekko stores and shop-in-shops, and most of the planned openings will be in Asia, Marimekko said in a press release. Marimekko is expecting increased net sales and a 16â€'19 per cent operating profit margin in 2025, with strong growth projected in the Asia-Pacific region. The company plans 10â€'15 new store openings, mainly in Asia. Q1 2025 net sales rose 5 per cent to €39.6 million, driven by international growth. CEO Alahuhta-Kasko highlighted ongoing global expansion, and brand storytelling. Meanwhile, Marimekko's net sales for the first quarter (Q1) of 2025 rose by 5 per cent year-over-year (YoY) to €39.6 million (~$42.9 million). This growth was driven primarily by increased wholesale sales in Europe and stronger retail performance in Finland (9 per cent). However, net sales in Finland declined by 3 per cent due to a lower volume of non-recurring promotional deliveries compared to the previous year, which had seen a high concentration of such deliveries and licensing income in Q1. International sales grew by 14 per cent YoY, supported by solid growth in both wholesale and retail channels. The operating profit of the company stood at €4.3 million, with the comparable operating profit at €4.4 million, equating to 11.1 per cent of net sales. The decrease in profit was largely due to a weaker relative sales margin caused by higher discounts, lower licensing income, and increased fixed costs. Nonetheless, the rise in sales helped partially offset these impacts, added the release. 'We continue our consistent efforts to scale up the Marimekko phenomenon internationally. This year, we will focus on deepening Marimekko's story and showcasing the richness of our design language, building on the broad attention we gained last year as we celebrated the 60th anniversary of the Unikko print,' said Tiina Alahuhta-Kasko, president and chief-executive officer (CEO) of Marimekko Group. ' At Copenhagen fashion week in January, Marimekko's fashion show explored the relationship between art, architecture and fashion, delivering a combination of surprising colours and patterns that fashion lovers have learned to expect from us. In March, we opened the field of flowers exhibition in Osaka, featuring new floral prints by five designers.' 'The exhibition and the related pop-up stores will tour across Asia throughout the year, showcasing Marimekko's latest print designs—classics of the future—and provide an opportunity to reinforce our relationship with friends of our brand as well as introduce Marimekko to new customers, especially in Asia, which is the most important geographical area for our international growth,' added Alahuhta-Kasko. Fibre2Fashion News Desk (SG)
Yahoo
15-05-2025
- Business
- Yahoo
Marimekko Oyj (MKKOF) Q1 2025 Earnings Call Highlights: Strong International Growth Amidst ...
Release Date: May 14, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Marimekko Oyj (MKKOF) reported a 5% increase in net sales, reaching 39.6 million, driven by growth in wholesale sales in Europe and retail sales in Finland. Retail sales grew by 9% in Finland, showcasing strong performance despite a challenging macroeconomic environment. International sales increased by 14%, with both wholesale and retail sales performing well across all market areas. The company opened four new stores in the first quarter, including a new partnership in Canada and an online store in New Zealand, expanding its global presence. Marimekko Oyj (MKKOF) maintained a strong comparable operating profit margin of 11.1% of net sales, demonstrating effective cost management. Net sales in Finland decreased by 3% due to a decline in non-recurring promotional deliveries in domestic wholesale sales. Licensing income in the Asia Pacific region was significantly lower than the previous year, impacting overall net sales. The company faced higher fixed costs due to increased personnel expenses and index increases in different markets. Higher discounts compared to the previous period negatively affected the relative sales margin. The company anticipates lower licensing income for the full year 2025 compared to the previous year's record level, which may impact profitability. Warning! GuruFocus has detected 3 Warning Signs with BOM:532259. Q: How is Marimekko managing the impact of tariffs on its US operations? A: Marimekko has a diversified supply chain across 15 countries, including China, Thailand, Portugal, Estonia, Turkey, and Finland. The company is mitigating tariff impacts by front-loading goods and seeking efficiencies elsewhere. While there is pressure to raise prices due to tariffs and inflation, Marimekko is cautious about consumer confidence and purchasing power. The North American market, which includes the US, accounted for only 6% of net sales in 2024, limiting the direct impact of tariffs. (CFO) Q: Why did Marimekko choose a loose franchise partnership for its new operations in Canada? A: Marimekko has successfully used the loose franchise partnership model in Asia for nearly two decades. This model allows for global brand coherence while scaling growth with low risk and low capital expenditure. The new partnership in Canada will help develop Marimekko's omnichannel business, leveraging local market expertise. (CEO) Q: What factors contributed to the strong performance of the ready-to-wear product line in Q1? A: The strong performance of the ready-to-wear line is attributed to the good resonance of Marimekko's collections with customers. Seasonal fluctuations may also play a role, but overall, the collections have been well-received. (CEO) Q: How is Marimekko addressing inventory growth and potential supply chain disruptions? A: Marimekko has increased inventory to secure product availability amid potential supply chain disruptions. A significant part of the inventory increase is from continuous collection products, ensuring readiness to meet demand despite supply chain challenges. (CFO) Q: What is the outlook for Marimekko's licensing income in 2025? A: Marimekko expects licensing income to be significantly lower in 2025 compared to the previous record years. There can be quarterly or annual variations in licensing income, and the company remains focused on brand collaborations and licensing as key components of its business model. (CEO) For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
14-05-2025
- Business
- Yahoo
INTERIM REPORT OF MARIMEKKO CORPORATION, 1 January–31 March 2025: Marimekko's net sales in the first quarter grew and operating profit was at a good level
Marimekko Corporation, Interim Report, 14 May 2025 at 8.00 a.m. EEST INTERIM REPORT OF MARIMEKKO CORPORATION, 1 January–31 March 2025: Marimekko's net sales in the first quarter grew and operating profit was at a good levelThis release is a summary of Marimekko's interim report for the January–March period of 2025. The complete report is attached to this release as a pdf file and it is also available on the company's website at under Releases & first quarter in brief Marimekko's net sales increased by 5 percent and totaled EUR 39.6 million (37.7). Net sales were boosted in particular by the growth of wholesale sales in Europe and increased retail sales in Finland. Net sales development was negatively impacted by timing-related factors: in the comparable year, a large amount of non-recurring promotional deliveries in Finnish wholesale sales occurred exceptionally in the first quarter, as well as a significant proportion of the licensing income for the year was recorded. Net sales in Finland decreased by 3 percent as domestic non-recurring promotional deliveries were lower. International sales grew by 14 percent with both wholesale and retail sales developing well. As previously estimated, licensing income was considerably below the comparison period. Operating profit was below the comparison period and amounted to EUR 4.3 million (5.1). Comparable operating profit in the seasonally smallest quarter totaled EUR 4.4 million (5.2) equaling to 11.1 percent of net sales (13.8). Operating profit was decreased by weakened relative sales margin especially due to higher discounts but also significantly lower licensing income. In addition, fixed costs were higher than in the comparison period. On the other hand, increased sales supported operating profit. Financial guidance for 2025The Marimekko Group's net sales for 2025 are expected to grow from the previous year (2024: EUR 182.6 million). Comparable operating profit margin is estimated to be approximately some 16–19 percent (2024: 17.5 percent). Rapid changes and uncertainties in the global trade policy, development of consumer confidence and purchasing power in the company's main markets as well as possible disruptions in global supply chains, among others, cause volatility to the outlook for 2025. Uncertainties related to the development of net sales and result are described in more detail in the Major risks and factors of uncertainty section of the Interim Figures (EUR million) 1–3/2025 1–3/ 2024 Change,% 1–12/ 2024 Net sales 39.6 37.7 5 182.6 International sales 20.8 18.2 14 81.6 % of net sales 53 48 45 EBITDA 6.7 7.4 -10 40.7 Comparable EBITDA 6.8 7.5 -10 41.3 Operating profit 4.3 5.1 -16 31.4 Operating profit margin, % 10.8 13.4 17.2 Comparable operating profit 4.4 5.2 -15 31.9 Comparable operating profit margin, % 11.1 13.8 17.5 Result for the period 3.3 3.9 -16 24.4 Earnings per share, EUR 0.08 0.10 -16 0.60 Comparable earnings per share, EUR 0.08 0.10 -16 0.61 Cash flow from operating activities -3.2 -0.7 29.1 Gross investments 0.9 0.5 86 2.3 Return on capital employed (ROCE), % 29.9 34.1 31.4 Equity ratio, % 61.5 58.4 58.7 Gearing, % -5.6 -1.8 -12.9 Net debt / EBITDA (rolling 12 months) -0.11 -0.03 -0.24 Personnel at the end of the period 477 446 7 480 outside Finland 86 78 10 84 Brand sales* 102.7 99.7 3 419.2 outside Finland 75.5 73.7 2 287.1 proportion of international sales, % 74 74 68 Number of stores 170 162 5 168 * Brand sales are given as an alternative non-IFRS key figure, representing the reach of the Marimekko brand through different distribution channels. An unofficial estimate of sales of Marimekko products at consumer prices, brand sales are calculated by adding together the company's own retail net sales and the estimated retail value of Marimekko products sold by other retailers. The estimated retail value is based on the company's realized wholesale sales and licensing income. Brand sales do not include VAT, and the key figure is not audited. Some licensees provide exact retail figures, in which case these figures are used in reporting brand sales. For other licensing agreements, Marimekko's own retail coefficients for different markets are used. Licensing income is reported as brand sales when licensed products are sold. The change percentages in the table were calculated on exact figures before the amounts were rounded to millions of euros. The figure for comparable earnings per share takes account of similar items as comparable operating profit; tax effect included. Reconciliation of alternative key figures to IFRS and management's discretion regarding items affecting comparability are presented in the table section of the Interim Alahuhta-Kasko, President and CEO, in conjunction with the report:"Marimekko's net sales continued to grow profitably in the first quarter. The increase in retail sales in all market areas in the prolonged challenging market situation reflects the competitiveness of the Marimekko brand and our net sales grew by five percent in the first quarter and reached EUR 39.6 million (37.7). Net sales were boosted in particular by the growth of wholesale sales in Europe and increased retail sales in Finland. Our retail sales also developed well in all of our other markets, and wholesale sales increased in all of our international market areas. The development of net sales was negatively affected by timing-related factors: in the comparable year, a large amount of non-recurring promotional deliveries in Finnish wholesale sales occurred exceptionally in the first quarter, as well as a significant proportion of the licensing income for the the important domestic market, Finland, retail sales grew by nine percent. Total net sales in Finland decreased by three percent due to a decline in non-recurring promotional deliveries in domestic wholesale sales. International net sales increased by 14 percent in spite of licensing income being significantly below the comparison period, as previously comparable operating profit in the January–March period was at a good level, in the seasonally smallest quarter, reaching EUR 4.4 million (5.2) and representing 11.1 percent of net sales (13.8). Operating profit was negatively affected by the weakening of the relative sales margin, which was particularly due to higher discounts but also attributable to a considerable decrease in licensing income. Fixed costs were also higher than in the comparison period. The growth of net sales supported operating continue our consistent efforts to scale up the Marimekko phenomenon internationally. This year, we will focus on deepening Marimekko's story and showcasing the richness of our design language, building on the broad attention we gained last year as we celebrated the 60th anniversary of the Unikko print. At Copenhagen Fashion Week in January, Marimekko's fashion show explored the relationship between art, architecture and fashion, delivering a combination of surprising colors and patterns that fashion lovers have learned to expect from us. In March, we opened the Field of Flowers exhibition in Osaka, featuring new floral prints by five designers. The exhibition and the related pop-up stores will tour across Asia throughout the year, showcasing Marimekko's latest print designs — classics of the future — and provide an opportunity to reinforce our relationship with friends of our brand as well as introduce Marimekko to new customers, especially in Asia, which is the most important geographical area for our international Artist Series capsule collections are another natural way for us to bring art into everyday life in a manner that honors Marimekko's traditions and strengthens our thought leadership in the art of printmaking. Ready-to-wear and home décor products adorned by abstract floral patterns designed for Marimekko by the Swedish-born, London-based artist Petra Börner hit the market in March and were very enthusiastically received. After the review period, our lifestyle assortment was complemented by a limited-edition collaboration collection with the global footwear brand Crocs, as cheerfully colored sandals and clogs as well as accessories arrived in stores in April. These kinds of brand collaborations help us further grow our brand awareness around the world, thereby supporting our SCALE strategy. The desirability of the Marimekko brand is also demonstrated by the continued positive trend of our retail sales in all market areas in the first quarter. We constantly develop our omnichannel retail network, as it is essential for us to be in good locations that cater to our target audience. During the first quarter, we opened four Marimekko stores and three pop-up stores in different parts of the world. In Canada, we entered into a loose franchise partnership, a model familiar to us in Asia, in order to further develop our omnichannel business in the country. Consequently, a Marimekko online store, corresponding to our latest concept, was launched in the Canadian market in March. I want to take this opportunity to extend my warmest thanks to our customers, our personnel and our partners around the world for the strong start of the year in a challenging market situation. We believe that Marimekko's optimistic and joyful message is particularly meaningful now that daily life may feel uncertain in many respects. Our strong financial position and scalable, low-risk and low-capital requiring business model provide us with the means to continue our success story also this year. The tensions in global trade policy and increases in tariffs, for example, create significant uncertainty in the business environment. At Marimekko, we work actively in various ways to mitigate the negative impacts on sales or the exceptional circumstances seen over the past years, we have found new ways of working and learned to quickly react to changing conditions in an agile manner. Our appealing and wide-ranging lifestyle assortment, consisting of three product lines, our loyal and constantly growing customer base, and our geographically diversified business and value chain bring stability in different economic conditions."Market outlook and growth targets for 2025The uncertainties related to the development of the global economy, such as tensions related to geopolitics and trade relations, have increased. The indirect impacts of these tensions and other uncertainties, as well increasing tariffs, on the general economic situation may be reflected in consumer confidence, purchasing power and behavior and, as a result, can have a weakening impact on Marimekko's business in 2025. Possible disruptions in production and logistics chains may also have a negative impact on the company's sales, profitability and cash Marimekko's important domestic market, traditionally represents about half of the company's net sales. Sales in Finland in 2025 are impacted by the weak general economy and low consumer confidence as well as the development of purchasing power and behavior. In addition, the tactical operating environment continues to have an impact on the business. The timing between quarters of the non-recurring promotional deliveries in Finnish wholesale sales and their size typically vary on an annual basis. In 2025, the non-recurring promotional deliveries in wholesale sales are expected to be significantly lower than in the comparable year and weighted clearly in the second half of the year. Despite the weak market situation, net sales in Finland are expected to be approximately at the level of the previous year or increase sales are estimated to grow in 2025. In the strategy period 2023–2027, Marimekko focuses on Asia as the most important geographical area for international growth. In 2025, net sales in the Asia-Pacific region, Marimekko's second-largest market, are expected to increase. All brick-and-mortar Marimekko stores and most online stores in Asia are partner-owned. In 2025, the aim is to open approximately 10–15 new Marimekko stores and shop-in-shops, and most of the planned openings will be in income in 2025 is forecasted to be significantly below the previous year's record to the seasonal nature of Marimekko's business, a major portion of the company's euro-denominated net sales and operating result are traditionally generated during the second half of the year. Net sales and operating profit development in the first quarter of 2025 was negatively impacted by timing differences from the comparison period. In the comparable year, a large amount of non-recurring promotional deliveries in Finnish wholesale sales occurred exceptionally during the first quarter of the year. In addition, a significant part of licensing income in 2024 was recorded already during the first quarter of the year, unlike in develops its business with a long-term view and aims to continue scaling its profitable growth in the upcoming years. In 2025, fixed costs are expected to be up on the previous year. The general cost inflation continues to also affect Marimekko in 2025. Personnel expenses are impacted, for example, by general pay increases in different markets. Marketing expenses are expected to increase (2024: EUR 10.6 million).Increasing tariffs in the United States have a direct impact on only a small part of Marimekko's business, as the entire North American market accounted for 6 percent of the Group's net sales in 2024. Based on current information, the increases in tariffs are expected to increase the procurement costs of Marimekko products sold in the US market, but the company has initiated diverse measures to mitigate the negative impacts of the commitments to product orders from partner suppliers, typical of the industry and partly further emphasized due to different factors, undermine the company's ability to optimize product orders and respond to rapid changes in demand and supply environment, which also increases risks related to sales, relative profitability, inventory management and cash flow. This also hampers responding to the increasing tariffs in the US. There are also uncertainties related to global production and logistic chains, which may cause delays, for example, and thus have an impact on the company's sales and profitability. Marimekko works actively in various ways to ensure functioning production and logistics chains, to mitigate increased costs and other negative impacts, to avoid delays, and to enhance inventory is closely monitoring the development of global trade policy and tariffs between countries, general economic situation, the development of consumer confidence and purchasing power and the impacts of possible exceptional situations and disruptions, and adjusts its operations and plans and investor conferenceA conference for media and institutional investors will be held in English on 14 May 2025 at 2.00 p.m. EEST. A live webcast of the conference can be followed at and a recording of the webcast will be available at the same address later. Questions can be asked during the live webcast in information:Tiina Alahuhta-Kasko, President and CEO, tel. +358 9 758 71Elina Anckar, CFO, tel. +358 9 758 7261MARIMEKKO CORPORATION Corporate Communications Anna Tuominen Tel. +358 40 Nasdaq Helsinki Ltd Key mediaMarimekko is a Finnish lifestyle design company renowned for its original prints and colors. The company's product portfolio includes high-quality clothing, bags and accessories as well as home décor items ranging from textiles to tableware. When Marimekko was founded in 1951, its unparalleled printed fabrics gave it a strong and unique identity. In 2024, the company's net sales totaled EUR 183 million and comparable operating profit margin was 17.5 percent. Globally, there are roughly 170 Marimekko stores, and online store serves customers in 39 countries. The key markets are Northern Europe, the Asia-Pacific region and North America. The Group employs about 480 people. The company's share is quoted on Nasdaq Helsinki Ltd. Attachment Marimekko_Interim_Report_Q1_2025
Yahoo
07-05-2025
- Business
- Yahoo
Release of Marimekko's Interim Report, 1 January–31 March 2025
Marimekko Corporation Marimekko Corporation, Press release 7 May 2025 at 11.00 a.m. EEST Release of Marimekko's Interim Report, 1 January–31 March 2025 Marimekko Corporation's Interim Report 1 January–31 March 2025 will be published on Wednesday 14 May 2025 at 8.00 a.m. EEST. The report and related materials will be available on the company's website at after the publication. A media and investor conference will be held in English on 14 May 2025 at 2.00 p.m. EEST. A live webcast of the conference can be followed at and a recording of the webcast will be available at the same address later. Questions can be asked during the live webcast in writing. Additional information: Anna Tuominen, Marimekko Communications Tel. +358 40 584 6944 DISTRIBUTION: Key media Marimekko is a Finnish lifestyle design company renowned for its original prints and colors. The company's product portfolio includes high-quality clothing, bags and accessories as well as home décor items ranging from textiles to tableware. When Marimekko was founded in 1951, its unparalleled printed fabrics gave it a strong and unique identity. In 2024, the company's net sales totaled EUR 183 million and comparable operating profit margin was 17.5 percent. Globally, there are roughly 170 Marimekko stores, and online store serves customers in 39 countries. The key markets are Northern Europe, the Asia-Pacific region and North America. The Group employs about 480 people. The company's share is quoted on Nasdaq Helsinki Ltd.
