Latest news with #MarimekkoCorporation
Yahoo
19-05-2025
- Business
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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.
Yahoo
14-05-2025
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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
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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.
Yahoo
06-05-2025
- Entertainment
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Marimekko Day on 16 May at Esplanade Park
Marimekko Corporation, Press release, 6 May 2025 at 9.00 a.m. EEST Marimekko Day on 16 May at Esplanade Park – Featuring Artist Goldielocks Marimekko celebrates the annual Marimekko Day and the beginning of the summer in mid- May with a public open-air fashion show in Helsinki as well as in Marimekko stores across Finland. This year, the Marimekko community is invited to enjoy a colorful parade of flowers on 16 May in the heart of Helsinki. The outdoor fashion show is once again open to everyone, with music performed by Goldielocks, an artist familiar to many from this spring's Contest for New Music UMK in Finland. All models for the fashion show were found through an open casting call organized for Aalto University students. The event will be hosted by Marimekko's President and CEO Tiina Alahuhta-Kasko and journalist Maria Veitola. "Marimekko's mission is to bring joy to people's everyday lives through bold patterns and colors, which is why Marimekko Day is an important tradition for us. We've been organizing this event since 1992 to bring positive spirit to the start of summer with inspiring fashion, a warm atmosphere, and amazing performers. I hope many members of our community can make it to Esplanade Park also this year to enjoy this wonderful and colorful parade of flowers," says Sanna-Kaisa Niikko, Chief Marketing Officer at Marimekko. Marimekko's 2025 summer collection explores the design house's conceptual theme for the year, "the Anatomy of a Flower." The collection features floral and botanical themes from various decades and designers, including Fujiwo Ishimoto, Maija Isola and Lotta Maija. The patterns designed by Swedish artist Petra Börner, the designer of the latest Marimekko Artist Series capsule collection, are showcased for example in the Marimekko Marimini silhouette, a modern interpretation of Marimekko's classic mini dress. The Marimekko Day fashion shows take place in Esplanade Park in Helsinki on Friday 16 May 2025 at 12, 13.30, 16 and 18. Download photos Read more: Marimekko Day Further information: Leena Salomaa, Marimekko Communications Tel. +358 9 758 7233 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.
Yahoo
19-02-2025
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Notice of Marimekko Corporation's Annual General Meeting
Marimekko Corporation, Stock Exchange Release, 19 February 2025 at 8.40 a.m. EET Notice of Marimekko Corporation's Annual General Meeting The Annual General Meeting of Marimekko Corporation will be held on Tuesday 15 April 2025 at 2.00 p.m. (EEST) at Little Finlandia, at the address Karamzininranta 4, 00100 Helsinki. The registration of attendees and the distribution of voting slips will commence at the meeting venue at 1.00 p.m. (EEST). Shareholders can also exercise their voting rights by voting in advance. In addition, it is possible to follow the Annual General Meeting online via webcast on the company's website at For further instructions, please refer to Section C 'Instructions for the participants of the Annual General Meeting' of this notice. A. Matters on the agenda of the Annual General Meeting 1. Opening of the meeting 2. Calling the meeting to order 3. Election of persons to scrutinize the minutes and supervise the counting of votes 4. Recording the legality of the meeting 5. Recording the attendance at the meeting and adoption of the list of votes 6. Presentation of the financial statements, the report of the Board of Directors, the auditor's report and the assurance report on sustainability reporting for 2024 Review by the President and CEO. The company's financial statements, the report of the Board of Directors (including the sustainability report), the auditor's report and the assurance report on sustainability reporting will be made available on 25 March 2025 at the latest on the company's website at 7. Adoption of the financial statements 8. Resolution on the use of the profit shown on the balance sheet and the payment of dividend On 31 December 2024, the parent company's distributable funds amounted to EUR 70,604,754.43 of which EUR 25,011,306.84 was profit for the financial year 2024. The Board of Directors proposes to the Annual General Meeting that a regular dividend of EUR 0.40 and an extraordinary dividend of 0.25 per share be paid for the financial year 2024. The total amount of the proposed dividend is approximately EUR 26.3 million, and the remaining funds are to be retained in equity. The Board of Directors proposes that the dividend will be paid to shareholders who are registered on the dividend payout record date of 17 April 2025 in the company's shareholder register held by Euroclear Finland Ltd on behalf of the Board of Directors of the company. The Board of Directors proposes 28 April 2025 as the dividend payout date. No substantial changes in the company's financial position have occurred after the end of the financial year. The company's liquidity is good and, in the view of the Board of Directors, the proposed dividend payout does not jeopardize the company's solvency. 9. Resolution on the discharge of the members of the Board of Directors and the President and CEO of the company from liability for the financial year 1 January–31 December 2024 10. Consideration of the remuneration report for governing bodies The remuneration report for 2024, prepared in accordance with the remuneration policy adopted on 16 April 2024 by the company's Annual General Meeting, will be available on 25 March 2025 at the latest on the company's website at . The Board of Directors proposes that the Annual General Meeting adopt the company's remuneration report for governing bodies as an advisory resolution. 11. Resolution on the remuneration of the members of the Board of Directors Shareholders representing in total approximately 27 percent of all the shares and votes of Marimekko Corporation have proposed to the Annual General Meeting, on the basis of the proposal of the Audit and Remuneration Committee, that the fees payable to the members and the Chair of the Board would remain unchanged from 2024 and be as follows: an annual remuneration of EUR 55,000 would be paid to the Chair, EUR 40,000 to the Vice Chair and EUR 30,000 to the other Board members. Board members who reside outside Finland would receive EUR 1,000 per Board meeting where they are physically present. In addition, it is proposed that a separate remuneration be paid for committee work to persons elected to a committee as follows: EUR 2,000 per meeting to Chair and EUR 1,000 per meeting to members. The fees for committee work would remain unchanged from 2024. The above-mentioned shareholders have also proposed, based on the proposal of the Audit and Remuneration Committee, that approximately 40 percent of the annual remuneration of the members of the Board of Directors would be paid in Marimekko Corporation's shares acquired from the market and the rest in cash. The shares would be acquired directly on behalf of the Board members within two weeks from the release of the interim report for 1 January–31 March 2025 or at the first time as possible under applicable legislation. The annual remuneration would be paid entirely in cash, if a Board member on the date of the Annual General Meeting, 15 April 2025, holds the company's shares worth more than EUR 1,000,000. If Mika Ihamuotila is elected a member and Chair of the Board of Directors as proposed in the section 13 of this notice in addition to the aforementioned annual remuneration, a monthly fee of EUR 5,000 for half-time duty pursuant to a separate executive service agreement will be paid. The fee is unchanged from 2024. The Audit and Remuneration Committee separately evaluates the terms of the service agreement, but Mika Ihamuotila will not take part in the evaluation. If Mika Ihamuotila is elected as a member of the Audit and Remuneration Committee, he will not receive the separate remuneration for committee work. 12. Resolution on the number of members of the Board of Directors Shareholders representing in total approximately 27 percent of all the shares and votes of Marimekko Corporation have proposed to the Annual General Meeting that six (6) members be elected to the Board of Directors. 13. Election of the members of the Board of Directors Shareholders representing in total approximately 27 percent of all the shares and votes of Marimekko Corporation have proposed to the Annual General Meeting that Massimiliano Brunazzo, Carol Chen, Mika Ihamuotila, Teemu Kangas-Kärki, Tomoki Takebayashi and Marianne Vikkula be re-elected to the Board of Directors. Massimiliano Brunazzo, Carol Chen, Teemu Kangas-Kärki, Tomoki Takebayashi and Marianne Vikkula are independent of the company and its significant shareholders according to the evaluation of the above-mentioned shareholders. Mika Ihamuotila is not independent of the company nor its significant shareholders due to his indirect shareholding through PowerBank Ventures Ltd, equaling 12.5 percent of the shares and votes in the company. The proposed Board members have informed the company that, if they are elected, they intend to elect Mika Ihamuotila as Chair of the Board and Teemu Kangas-Kärki as Vice Chair of the Board as well as Teemu Kangas-Kärki as Chair and Mika Ihamuotila and Marianne Vikkula as members of the Audit and Remuneration Committee. All proposed persons have given their consent to the election. The term of all the Board members ends at the end of the Annual General Meeting of 2026. Biographical details of the proposed members of the Board of Directors are available on the company's website at 14. Resolution on the remuneration of the auditor In accordance with the recommendation of the Audit and Remuneration Committee, the Board of Directors proposes to the Annual General Meeting that the auditor's remuneration be paid as per invoice approved by the company. 15. Election of the auditor In accordance with the recommendation of the Audit and Remuneration Committee, the Board of Directors proposes to the Annual General Meeting that KPMG Oy Ab, Authorized Public Accountants, be re-elected as the company's auditor. KPMG Oy Ab has informed that Heli Tuuri, Authorized Public Accountant, KHT, would act as the principal auditor. 16. Resolution on the remuneration of the sustainability reporting assurance provider In accordance with the recommendation of the Audit and Remuneration Committee, the Board of Directors proposes to the Annual General Meeting that the remuneration of the sustainability reporting assurance provider be paid as per invoice approved by the company. 17. Election of the sustainability reporting assurance provider In accordance with the recommendation of the Audit and Remuneration Committee, the Board of Directors proposes to the Annual General Meeting that KPMG Oy Ab, be elected as the company's sustainability reporting assurance provider. KPMG Oy Ab has informed that Heli Tuuri, (ASA), would act as the Authorized Sustainability Auditor having principal responsibility. 18. Amendment of the Articles of Association The Board of Directors proposes that a new Article 8 concerning the appointment of a sustainability assurance provider be added to the Articles of Association, and that the numbering of the subsequent articles be updated accordingly. Additionally, the Board of Directors proposes that Article 10 (renumbered as Article 11 following the update to the article numbering) of the Articles of Association concerning the matters to be addressed at the Annual General Meetings be supplemented so that the Annual General Meeting shall elect a sustainability reporting assurance provider in accordance with the Finnish Companies Act and resolve upon their remuneration. In their amended forms, said provisions of the Articles of Association would read as follows: '8 § The Company shall elect one Authorized Sustainability Audit Firm as the Company's sustainability reporting assurance provider. The Authorized Sustainability Audit Firm shall designate an Authorized Sustainability Auditor (ASA) having principal responsibility.' '11 § The Annual General Meeting shall be held annually within six (6) months of the end of the financial year. At the meeting shall be: presented: 1. the financial statements of the Company and the Group, and the report on operations, 2. the auditors' report, resolved upon: 3. the adoption of the financial statements, 4. the use of the profit shown on the balance sheet, 5. granting discharge from liability to the members of the Board of Directors and the President of the Company, 6. the remuneration of the members of the Board of Directors, 7. the number of members of the Board of Directors, 8. the remuneration of the Auditor, 9. the remuneration of the sustainability reporting assurance provider, elected: 10. the members of the Board of Directors, 11. one Auditor and, when needed, a Deputy Auditor, 12. one sustainability assurance provider, dealt with: 13. any other matters as per the notice of the meeting.' It is proposed that the Articles of Association remain unchanged in other respects. 19. Authorization of the Board of Directors to decide on the acquisition of the company's own shares The Board of Directors proposes that the Board be authorized by the Annual General Meeting to decide on the acquisition of a maximum of 150,000 of the company's own shares in one or more instalments. The number of shares represents approximately 0.4 percent of the total number of the company's shares at the time of the proposal. The shares would be acquired with funds from the company's non-restricted equity, which means that the acquisition would reduce funds available for distribution. The shares would be acquired otherwise than in proportion to the shareholdings of the shareholders through public trading on Nasdaq Helsinki Ltd at the market price prevailing at the time of acquisition and in accordance with the rules and regulations of Nasdaq Helsinki Ltd. The shares would be acquired to be used as a part of the company's incentive system, to be transferred for other purposes or to be cancelled. The authorization is proposed to include the right of the Board of Directors to decide on all of the other terms and conditions of the acquisition of the shares. The authorization is proposed to be valid for eighteen (18) months from the decision of the Annual General Meeting and to supersede the authorization granted by the 2024 Annual General Meeting. 20. Authorization of the Board of Directors to decide on the issuance of new shares and transfer of the company's own shares The Board of Directors proposes that the Board be authorized by the Annual General Meeting to decide on the issuance of new shares and the transfer of the company's own shares in one or more instalments. The total number of shares to be issued or transferred pursuant to the authorization may not exceed 200,000 (new or the company's own) shares, which represents approximately 0.5 percent of the total number of the company's shares at the time of the proposal. Pursuant to the authorization, the Board may decide on a directed share issue in deviation from the shareholders' pre-emptive rights for a weighty financial reason, such as the company's incentive system, personnel share issue, developing the company's capital structure, using the shares as consideration in possible company acquisitions or carrying out other business transactions. The share issue may be subject to a charge or free. A directed share issue can be free of charge only if there is a particularly weighty financial reason for the company and taking into account the interests of all of the company's shareholders. The subscription price of the new shares and the amount paid for the company's own shares would be recorded in the company's reserve for invested non-restricted equity. The authorization is proposed to include the right of the Board of Directors to decide on all of the other terms and conditions of the share issue. The authorization is proposed to remain in force for a period of eighteen (18) months from the resolution of the Annual General Meeting and to supersede the authorization granted by the 2024 Annual General Meeting. 21. Closing of the meeting B. Documents of the Annual General Meeting The proposals for the decisions on the matters on the agenda of the Annual General Meeting as well as this notice are available on Marimekko Corporation's website at The company's financial statements, the report of the Board of Directors (including the sustainability report), the auditor's report, the assurance report on sustainability reporting, the remuneration report as well as the remuneration policy adopted by the Annual General Meeting of 2024 will be available on the company's website on 25 March 2025 at the latest. Copies of these documents and of this notice will be sent to shareholders upon request. The minutes of the Annual General Meeting can be viewed on the company's website as of 29 April 2025 at the latest. C. Instructions for the participants in the Annual General Meeting 1. Shareholders registered in the shareholders' register Each shareholder who on the record date for the Annual General Meeting, 3 April 2025, is registered in the shareholders' register of the company, held by Euroclear Finland Oy, has the right to participate in the Annual General Meeting. A shareholder whose shares are registered on their personal Finnish book-entry account is registered in the shareholders' register of the company. A shareholder who is registered in the company's Shareholder Register and who wants to participate in the Annual General Meeting is requested to register for the meeting no later than 7 April 2025 at 4.00 p.m. (EEST), by which time the registration must be received. Notice of participation can be given starting from Monday 10 March 2025 at 9.00 a.m. (EET): a) by filling in the registration form on the company's website at Electronic registration requires strong electronic authentication of the shareholder or the shareholder's proxy representative or legal representative with a Finnish, Swedish or Danish bank ID or mobile certificate. If shareholders use registration requires the authorized person's strong electronic authentication with Finnish online banking codes or a mobile certificate. b) by mail or email A shareholder registering by mail or email must submit the registration and advance voting form available on the company's website or corresponding information by mail to Innovatics Oy, General Meeting / Marimekko Oyj, Ratamestarinkatu 13 A, 00520 Helsinki, Finland or by email to agm@ In connection with the registration, a shareholder shall provide the requested information, such as their name, date of birth, business ID, email address, telephone number as well as the name, date of birth, phone number and/or email address of a possible proxy representative or legal representative. The personal data given by shareholders to Marimekko Corporation or Innovatics Oy is used only in connection with the Annual General Meeting and the processing of the necessary related registrations. For further information on how Marimekko processes personal data, please review Marimekko Corporation's privacy notice regarding the Annual General Meeting, which is available at the company's website at or contact the company by email at yk@ Please note that personal information provided in connection with registration by email is possibly sent through an unsecure connection on the shareholder's own responsibility. The shareholder, their authorized representative or proxy representative should, when necessary, be able to prove their identity and/or right of representation at the meeting venue. Further information on registration is available during the registration period of the Annual General Meeting by calling Innovatics Oy at +358 10 2818 909 on business days from 9:00 a.m. to 12:00 noon and from 1:00 p.m. to 4:00 p.m. 2. Holder of nominee-registered shares A holder of nominee-registered shares has the right to participate in the Annual General Meeting by virtue of those shares based on which the holder on the record date for the Annual General Meeting, 3 April 2025, would be entitled to be registered in the shareholders' register of the company, held by Euroclear Finland Oy. In addition, participation in the Annual General Meeting requires that the shareholder on the basis of such shares has been temporarily registered in the shareholders' register held by Euroclear Finland Oy by 10 April 2025 at 10.00 a.m. (EEST) at the latest. As regards nominee-registered shares, this constitutes due registration for the Annual General Meeting. Changes in shareholding after the record date for the Annual General Meeting do not affect the right to participate in the Annual General Meeting or the number of votes held by the shareholder. A holder of nominee-registered shares is advised to well in advance request the necessary instructions regarding the temporary registration in the shareholders' register of the company, the issuing of proxy documents, voting instructions and registration for the Annual General Meeting from their custodian bank as well as voting in advance. The account manager of the custodian bank shall register a holder of nominee-registered shares who wishes to participate in the Annual General Meeting to be temporarily entered into the shareholders' register of the company by the time stated above and shall arrange advance voting on behalf of the holder of nominee-registered shares within the registration period for nominee-registered shares. 3. Proxy representative and powers of attorney A shareholder may participate in the Annual General Meeting and exercise their rights at the meeting by way of proxy representation. Shareholders proxy representative may also vote in advance in the manner described in this notice. Electronic registration and advance voting on behalf of a shareholder requires strong electronic authentication of the proxy representative. A proxy representative shall provide a dated proxy document or otherwise in a reliable manner demonstrate their right to represent the shareholder at the Annual General Meeting. Should a shareholder participate in the Annual General Meeting by means of several proxy representatives representing the shareholder with shares on different book-entry accounts, the shares by which each proxy representative represents the shareholder shall be identified in connection with the registration. Proxy and voting instruction templates will be available on the company's website at on 10 March 2025 at the latest. Any proxy documents, including the advance voting form, should be sent by mail to Innovatics Oy, General Meeting / Marimekko Oyj, Ratamestarinkatu 13 A, 00520 Helsinki, Finland or by email to agm@ In addition to delivering the proxy documents, the shareholder or their proxy representative should register for the Annual General Meeting in the manner described above. Instead of traditional proxy document, shareholders can use electronic authorization services of In that case the shareholder authorizes a named authorised person through services at by using the mandate theme 'Representation at the General Meeting'. In connection with the registration, General Meeting Services require strong electronic authentication after which the electronic authorization is automatically verified. Strong electronic authentication requires Finnish online banking codes or a mobile certificate. For more information, please see e-authorization pages at as well as the company's website at 4. Voting in advance A shareholder whose shares are registered on the shareholder's Finnish book-entry account can register and vote in advance on certain matters on the agenda of the Annual General Meeting from 10 March 2025 at 9.00 a.m. (EET) until 7 April 2025 at 4.00 p.m. (EEST) by the following means: a) Through the company's website at Electronic advance voting requires strong electronic authentication of the shareholder or the shareholder's proxy representative or legal representative with a Finnish, Swedish or Danish bank ID or mobile certificate. If shareholders use registration requires the authorized person's strong electronic authentication with Finnish online banking codes or a mobile certificate. b) Through mail or email Shareholders can also submit the advance voting form available on the company's website at or corresponding information by mail to Innovatics Oy, General Meeting / Marimekko Oyj, Ratamestarinkatu 13 A, 00520 Helsinki, Finland or by email to agm@ The advance voting form will be available on the company's website on 10 March 2025 at the latest. In addition to voting in advance, the shareholder must register for the Annual General Meeting prior to the end of the registration period. A shareholder who has voted in advance cannot request information under the Finnish Companies Act or request a vote at the General Meeting or change the given votes if they or their proxy representative is not present at the General Meeting venue. With regards to holders of nominee-registered shares, the advance voting is performed via the account management organisation. The account management organisation may vote in advance on behalf of the holders of nominee-registered shares it represents, in accordance with the voting instructions provided by them, during the registration period for holders of nominee-registered shares. A proposal subject to advance voting is considered to have been presented unchanged at the General Meeting. The terms and other instructions concerning the electronic voting are available on the company's website at Further information on advance voting is available during the registration period of the Annual General Meeting by calling Innovatics Oy at +358 10 2818 909 on business days from 9:00 a.m. to 12:00 noon and from 1:00 p.m. to 4:00 p.m. 5. Other instructions and information It is possible to follow the Annual General Meeting online via webcast. Instructions on following the webcast are available on the company's website at Following the Annual General Meeting via webcast is not considered participating in the Annual General Meeting or exercising shareholder rights. Pursuant to Chapter 5, Section 25 of the Finnish Companies Act, a shareholder who is present at the Annual General Meeting has the right to request information with respect to the matters to be considered at the Annual General Meeting. Changes in shareholding after the record date for the Annual General Meeting do not affect the right to participate in the Annual General Meeting or the number of votes held by the shareholder. On the date of this notice, 19 February 2025, the total number of shares and votes in Marimekko Corporation is 40,649,170. On the date of this notice, the company holds 77,790 of its own shares, which do not entitle to voting at the Annual General Meeting. Helsinki, 19 February 2025 MARIMEKKO CORPORATIONBoard of Directors Further information:Anna TuominenTel. +358 40 584 DISTRIBUTIONNasdaq Helsinki LtdKey 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 38 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. in to access your portfolio
