Duyuru • May 15
Marimekko Oyj Reiterates Earnings Guidance for the Year 20262 Marimekko Oyj reiterated earnings guidance for the year 2026. For the year, the company's net sales for 2026 are expected to grow from the previous year (2025: EUR 189.6 million). Comparable operating profit margin is estimated to be approximately some 16–19 percent (2025: 17.1 percent). Duyuru • Mar 12
Marimekko Oyj Announces Executive Changes Paula Ukonaho, 37, has been appointed Marimekko’s Chief Business Development Officer and member of the Management Group as of 11 June 2025 and will report to the President and CEO. MA, Economics Paula Ukonaho joined Marimekko in August 2018 and has held various leadership positions in business, sales and customer journey development. Currently she works as Head of Business Development. Before Marimekko, Ukonaho worked as Manager in Global Retail Development at Fiskars Group, and prior to that, she held various positions in management consulting related to retail, customer experience, digital business and transformation in the United Kingdom and Finland at Capgemini and BearingPoint. Ukonaho is currently on parental leave and plans to return to work in fall 2025. Until her return, Marimekko’s Chief Financial Officer Elina Anckar will be leading the company’s Business Development and Transformation team in interim after Marimekko’s current Chief Business Development Officer Riika Wikberg leaves the company on 10 June 2025. Duyuru • Mar 11
Marimekko Oyj Announces Resignation of Riika Wikberg as Chief Business Development Officer Chief Business Development Officer and Member of the Marimekko Management, Effective 10 June 2025 Chief Business Development Officer and member of the Marimekko Management Group Riika Wikberg will resign from her role to move into entrepreneurship. Riika’s last day at Marimekko will be 10 June 2025. The recruitment of her successor has started. Reported Earnings • Nov 07
Third quarter 2024 earnings released: EPS: €0.21 (vs €0.25 in 3Q 2023) Third quarter 2024 results: EPS: €0.21 (down from €0.25 in 3Q 2023). Revenue: €47.3m (down 1.3% from 3Q 2023). Net income: €8.42m (down 19% from 3Q 2023). Profit margin: 18% (down from 22% in 3Q 2023). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Luxury industry in Europe. Duyuru • Nov 07
Marimekko Oyj Provides Earnings Guidance for 2024 Marimekko Oyj provided earnings guidance for 2024. for the period, company expects net sales to grow from the previous year (2023: EUR 174.1 million). Comparable operating profit margin is estimated to be approximately some 16% –19% (2023: 18.4%). Buy Or Sell Opportunity • Nov 07
Now 25% undervalued after recent price drop Over the last 90 days, the stock has fallen 6.0% to €12.18. The fair value is estimated to be €16.23, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.6% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 5.4% per annum. Earnings are also forecast to grow by 9.2% per annum over the same time period. Buy Or Sell Opportunity • Oct 17
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 7.4% to €12.74. The fair value is estimated to be €15.97, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.6% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 5.4% per annum. Earnings are also forecast to grow by 9.2% per annum over the same time period. Buy Or Sell Opportunity • Oct 03
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 13% to €12.38. The fair value is estimated to be €16.16, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.6% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 5.4% per annum. Earnings are also forecast to grow by 9.2% per annum over the same time period. Buy Or Sell Opportunity • Aug 17
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 9.3% to €12.16. The fair value is estimated to be €15.36, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.6% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 5.4% per annum. Earnings are also forecast to grow by 9.4% per annum over the same time period. Duyuru • Aug 16
Marimekko Oyj, Annual General Meeting, Apr 15, 2025 Marimekko Oyj, Annual General Meeting, Apr 15, 2025, at 14:00 FLE Standard Time. Reported Earnings • Aug 16
Second quarter 2024 earnings released: EPS: €0.12 (vs €0.12 in 2Q 2023) Second quarter 2024 results: EPS: €0.12 (in line with 2Q 2023). Revenue: €43.7m (up 8.4% from 2Q 2023). Net income: €4.75m (flat on 2Q 2023). Profit margin: 11% (in line with 2Q 2023). Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Luxury industry in Europe. Buy Or Sell Opportunity • Aug 03
Now 22% undervalued Over the last 90 days, the stock has risen 2.3% to €13.16. The fair value is estimated to be €16.95, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.1% over the last 3 years. Earnings per share has grown by 4.0%. For the next 3 years, revenue is forecast to grow by 5.7% per annum. Earnings are also forecast to grow by 8.3% per annum over the same time period. Reported Earnings • May 16
First quarter 2024 earnings released: EPS: €0.10 (vs €0.06 in 1Q 2023) First quarter 2024 results: EPS: €0.10 (up from €0.06 in 1Q 2023). Revenue: €37.7m (up 6.9% from 1Q 2023). Net income: €3.89m (up 61% from 1Q 2023). Profit margin: 10% (up from 6.9% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Luxury industry in Europe. Duyuru • May 16
Marimekko Oyj Provides Earnings Guidance for 2024 Marimekko Oyj provided earnings guidance for 2024. The company announced that net sales for 2024 are expected to grow from the previous year (2023: EUR 174.1 million). Comparable operating profit margin is estimated to be approximately some 16–19% (2023: 18.4%). Duyuru • Apr 23
Marimekko and UNIQLO Will Launch A New Limited-Edition Collaboration Collection in May 2024 Marimekko and UNIQLO will launch a new limited-edition collaboration collection in May 2024. The collection is made of simple and comfortable UNIQLO pieces and Marimekko’s timeless archive patterns that showcase the brand’s art of printmaking. The UNIQLO x Marimekko Summer 2024 limited-edition collection includes items for all ages from women to children and babies. The assortment offers a wide array of comfortable dresses, T-shirts and skirts. To perfect the looks, the line also features matching accessories, including the popular round mini shoulder bags in different Marimekko prints. The collection includes Marimekko’s patterns fit for summer from three different decades: 1950s, 1960s and 1970s. Melooni (melon) and Ruukku (pot for flowers) by Maija Isola, Pentti Rinta’s wavy Lirinä (the sound of gurgling water) and minimalistic Asema (station), Demeter print from the 1970s by Katsuji Wakisaka, and adding the final touch to the collection is Vuokko Eskolin-Nurmesniemi's striped classic Galleria (gallery). Limited-edition UNIQLO x Marimekko Summer 2024 collaboration collection will be available in UNIQLO stores and at online stores globally where it operates from 2 May 2024 onward. The launch date differs from country to country. Reported Earnings • Mar 23
Full year 2023 earnings released: EPS: €0.58 (vs €0.56 in FY 2022) Full year 2023 results: EPS: €0.58 (up from €0.56 in FY 2022). Revenue: €174.1m (up 4.6% from FY 2022). Net income: €23.6m (up 3.9% from FY 2022). Profit margin: 14% (in line with FY 2022). Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Luxury industry in Europe. Duyuru • Mar 21
Marimekko Oyj to Report Fiscal Year 2023 Results on Mar 20, 2024 Marimekko Oyj announced that they will report fiscal year 2023 results at 10:00 AM, Central European Standard Time on Mar 20, 2024 Reported Earnings • Feb 18
Full year 2023 earnings released: EPS: €0.58 (vs €0.56 in FY 2022) Full year 2023 results: EPS: €0.58 (up from €0.56 in FY 2022). Revenue: €174.1m (up 4.6% from FY 2022). Net income: €23.6m (up 3.9% from FY 2022). Profit margin: 14% (in line with FY 2022). Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Luxury industry in Europe. Duyuru • Feb 16
Marimekko Oyj Proposes Dividend for the Financial Year 2023, Payout Date Is 25 April 2024 The Board of Directors of Marimekko Oyj proposed to the Annual General Meeting that a dividend of EUR 0.37 per share be paid for the financial year 2023. The Board of Directors proposed that the dividend will be paid to shareholders who are registered on the dividend payout record date of 18 April 2024 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 25 April 2024 as the dividend payout date. Board Change • Jan 30
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. 1 highly experienced director. Chairman of The Board Mika Ihamuotila is the most experienced director on the board, commencing their role in 2008. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Duyuru • Jan 29
Marimekko Oyj Announces Executive Changes Marimekko Oyj announced that Mikko-Heikki Inkeroinen started as its Chief Technology Officer and member of the Management Group on 29 January 2024 and resigned from his position as a member of the Board of Directors of Marimekko on the same date. Duyuru • Dec 20
Marimekko and UNIQLO Re-Edition Collaboration Collection Marimekko and UNIQLO will launch a new limited-edition collaboration collection in early 2024. The collection combines Marimekko's art of printmaking with UNIQLO LifeWear of simple and high-quality everyday clothing. The capsule celebrates warm, joyful dressing for a vibrant New Year and will be available in UNIQLO stores and at uniqlo.com in all markets from 1 January 2024 onward. The launch date differs from country to country. The limited-edition collection offers head-to-toe warmth with UNIQLO's winter signatures featuring Marimekko's world-renowned prints: Kivet, Kissapollo, and Seireeni by Maija Isola, along with Hattara by Pentti Rinta. Each pattern, inspired by Nordic nature, echoes a serene winter landscape in pearl grays, muted gold, and timeless black. Reported Earnings • Nov 10
Third quarter 2023 earnings released: EPS: €0.25 (vs €0.22 in 3Q 2022) Third quarter 2023 results: EPS: €0.25 (up from €0.22 in 3Q 2022). Revenue: €47.9m (up 8.7% from 3Q 2022). Net income: €10.3m (up 17% from 3Q 2022). Profit margin: 22% (up from 20% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Luxury industry in Europe. Duyuru • Nov 08
Marimekko Oyj to Report Fiscal Year 2023 Results on Feb 15, 2024 Marimekko Oyj announced that they will report fiscal year 2023 results at 8:00 AM, E. Europe Standard Time on Feb 15, 2024 Duyuru • Nov 04
Marimekko Corporation Announces Management Changes Marimekko Corporation announced that Mikki Inkeroinen, 36, has been appointed Marimekko’s Chief Technology Officer and member of the Management Group. He will start in his position on 29 January 2024 and report to the President and CEO. Inkeroinen will resign from his position as a member of the Board of Directors of Marimekko on the same date, 29 January 2024. M. Soc. Sc. Mikki Inkeroinen moves to Marimekko from children’s activewear company Reima, where he has served as Chief Digital Growth Officer since 2022. Before Reima, Inkeroinen has held digital leadership positions at Kamux Corporation, Power International AS and Expert ASA Oy. Inkeroinen joined Marimekko’s Board of Directors in 2015. Kari Härkönen, Marimekko’s Chief Digital Officer (CDO) and member of the Management Group, will step down from his position as of 2 November 2023. The end of the employment was agreed by mutual consent.