Q1 2025 Marimekko Oyj Earnings Call Transcript

May 14, 2025 / 11:00 AM GMT

Release Date Price: $12.96

Transcript

Key Points

Positve

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.

Negative

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.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

MEKKO.HE - Marimekko Oyj
Q1 2025 Marimekko Oyj Earnings Call
May 14, 2025 / 11:00AM GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon. My name is Anna Doinn. I'm the IRO of Marriecon, and it is my pleasure to welcome you to our Q1, result webcast. With me. I have our President and CEO Tina Alatacasco, and we also have our CFO Ele Aar at the room. We will first hear Tina's presentation about the results, and after that we'll have time for Q&A. You can already use the chat function, on the website to post your questions during the presentation.

Dina, please.

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Unidentified_2 [2]
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Go ahead.

Thank you so much, Anna, and good afternoon everyone. Also on my behalf. It

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