Stock Analysis
Marimekko Oyj Full Year 2024 Earnings: EPS Beats Expectations
Marimekko Oyj (HEL:MEKKO) Full Year 2024 Results
Key Financial Results
- Revenue: €182.6m (up 4.9% from FY 2023).
- Net income: €24.4m (up 3.3% from FY 2023).
- Profit margin: 13% (in line with FY 2023).
- EPS: €0.60 (up from €0.58 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Marimekko Oyj EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.1%.
The primary driver behind last 12 months revenue was the Finland segment contributing a total revenue of €101.0m (55% of total revenue). The largest operating expense was General & Administrative costs, amounting to €35.9m (42% of total expenses). Explore how MEKKO's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Luxury industry in Europe.
Performance of the market in Finland.
The company's shares are up 14% from a week ago.
Balance Sheet Analysis
Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on Marimekko Oyj's balance sheet.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About HLSE:MEKKO
Marimekko Oyj
A lifestyle design company, designs, manufactures, and sells clothing, bags and accessories, and interior decoration products worldwide.
