Q3 2025 Marimekko Oyj Earnings Call Transcript
Key Points
- Marimekko Oyj (FRA:N97) reported an 8% increase in net sales for the third quarter, reaching €50.8 million.
- The company's comparable operating profit improved by 14%, representing 24.9% of net sales.
- International sales grew by 8%, with significant contributions from the Asia Pacific region.
- The ready-to-wear fashion segment experienced strong growth, increasing by 17% in the first nine months.
- Marimekko Oyj successfully launched new stores and pop-up locations, including a flagship store in Paris, enhancing brand visibility.
- Retail sales in Finland fell short of the strong comparison period, despite cumulative growth over nine months.
- The Asia Pacific region saw a decrease in net sales due to a lack of licensing income compared to the previous year.
- Higher discounts and increased fixed costs negatively impacted the relative sales margin.
- The North American market experienced a slight decrease in both retail and wholesale sales during Q3.
- Licensing income is forecasted to be significantly lower in 2025, impacting net sales in the Asia Pacific region.
Good afternoon. My name is Anna Tuominen, and it is my pleasure to welcome you to Marimekkoâs Q3, result webcast today. With me, I have our President and CEO Tiina Alahuhta-Kasko, and in a short while she will tell you in detail, about our results. After that we have time for your questions with Tina and our CFO Elina Anckar, answering. I would like to invite you to already during the presentation to use the chat function to record your questions for the Q&A session.
Without further ado, Tiina, please go ahead.
Thank you, Anna, and good afternoon also on my behalf, and it is my pleasure and honour to share with you our thirrd quarter intern report results.
So how did we do in the thirrd quarter? The answer is we did well, namely, despite the continued challenging macroeconomic environment, Marimekkoâs net sales and operating profit increased in the third quarter.
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