UK markets close in 1 hour 5 minutes

Marimekko Oyj (0JX9.L)

LSE - LSE Delayed price. Currency in EUR
Add to watchlist
51.70+4.60 (+9.77%)
As of 8:35AM GMT. Market open.
Full screen
Previous close47.10
Open51.60
Bid0.00 x 0
Ask0.00 x 0
Day's range51.60 - 51.70
52-week range51.60 - 51.70
Volume59
Avg. volumeN/A
Market cap397.61M
Beta (5Y monthly)1.20
PE ratio (TTM)30.47
EPS (TTM)1.70
Earnings dateN/A
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target estN/A
  • Globe Newswire

    MARIMEKKO RAISES ITS GUIDANCE FOR 2020: NET SALES ARE EXPECTED TO BE APPROXIMATELY AT THE SAME LEVEL AS OR SLIGHTLY LOWER THAN IN THE PREVIOUS YEAR AND COMPARABLE OPERATING PROFIT IS ESTIMATED TO BE HIGHER THAN THE YEAR BEFORE

    Marimekko Corporation, Inside Information, 10 December 2020 at 8.00 a.m. MARIMEKKO RAISES ITS GUIDANCE FOR 2020: NET SALES ARE EXPECTED TO BE APPROXIMATELY AT THE SAME LEVEL AS OR SLIGHTLY LOWER THAN IN THE PREVIOUS YEAR AND COMPARABLE OPERATING PROFIT IS ESTIMATED TO BE HIGHER THAN THE YEAR BEFORE In its interim report published on 4 November 2020, Marimekko Corporation estimated that the Group's net sales for 2020 would be lower than in the previous year and comparable operating profit would be approximately at the same level as or lower than the year before. Marimekko now raises its earlier estimate on the development of net sales and comparable operating profit in 2020. According to the new estimate, the Marimekko Group’s net sales are expected to be approximately at the same level as or slightly lower than in the previous year and comparable operating profit is estimated to be higher than the year before. The improved outlook is based, in particular, on a better-than-expected trend and improved outlook in the retail sales in Finland. The company estimates that clearly the major portion of its earnings for the second half of 2020 is generated during the third quarter of the year, like in 2019. The net sales accrual in the second half of 2020 is expected to be more balanced between the two last quarters. However, there are uncertainties related to the company’s outlook for 2020. The outlook for Marimekko’s important domestic market as well as for the Group’s total retail sales continues to essentially depend on the trend in customer numbers in retail stores during the rest of the year and whether the coronavirus pandemic will intensify to an extent, which would require temporary closures of Marimekko’s own retail stores. Net sales and earnings for the rest of the year essentially also depend on maintaining the operational reliability of distribution centers and logistics in the pandemic situation. Marimekko’s financial statements bulletin 2020 will be issued on Thursday 18 February 2021 at 8.00 a.m. MARIMEKKO CORPORATIONCorporate Communications Anna TuominenTel. +358 40 584 6944anna.tuominen@marimekko.com DISTRIBUTION: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. Marimekko products are sold in about 40 countries. In 2019, brand sales of the products worldwide amounted to EUR 251 million and the company's net sales were EUR 125 million. Roughly 150 Marimekko stores serve customers around the globe. The key markets are Northern Europe, North America and the Asia-Pacific region. The Group employs about 450 people. The company’s share is quoted on Nasdaq Helsinki Ltd. www.marimekko.com

  • Globe Newswire

    MARIMEKKO RAISES ITS SUSTAINABILITY TARGETS TO A NEW, AMBITIOUS LEVEL – THE COMPANY’S OWN OPERATIONS ARE ALREADY CARBON NEUTRAL IN 2020

    Marimekko Corporation, Press release, 9 December 2020 at 9.00 a.m. Sustainability is the biggest challenge shared by the whole global fashion and textile industry and one of the strongest megatrends transforming the sector. We have seen a shift in consumers’ values with an increasing preference for more sustainable choices. The coronavirus pandemic has further accelerated this trend. Since the company’s beginnings, Marimekko’s operations and design philosophy have been based on sustainable thinking, and the advancement of sustainability has been part of our daily work for years already. We want to be at the forefront of developing more sustainable products and practices and therefore we have now raised our sustainability targets both for our own operations and for the entire value chain to a new, markedly more ambitious level. We believe that, in the future, timeless and sustainable products will be made in balance with the environment, in line with the principles of the circular economy, and with full transparency, starting with raw materials. Our long-term vision is that our operations leave no trace on the environment. Achieving this requires new technological, material and business-model innovations, which we are committed to continuously developing together with our partners. ”Marimekko’s purpose is to empower people to be happy as they are and bring joy to their everyday lives through bold prints and colors. In line with our mission and values, we see it as our duty to strongly promote sustainability and, through the power of our example, to move the entire industry forward towards a more sustainable future. Besides our own sustainable operations, we want to have a positive impact on the entire value chain – from raw materials to product use and recycling,” says Tiina Alahuhta-Kasko, President and CEO of Marimekko. “We are excited about this meaningful challenge. We still have a lot of work to do, and achieving our ambitious long-term sustainability goals also requires close cooperation with various partners and players as well as new industry innovations. Today, sustainability is essential for ensuring a company’s longevity, but we at Marimekko think that it also opens up new value-creating opportunities for our business as we are serving a growing global customer base”, Tiina Alahuhta-Kasko continues. Marimekko’s new sustainability strategy is built around three guiding principles: Timeless design brings joy ​for generations to come – piloting the resale of pre-loved Marimekko gems in 2021 Sustainability is part of our DNA at Marimekko. Our design philosophy and our operations have for nearly 70 years been based on longevity: we want to offer our customers timeless, functional and durable products that bring them long-lasting joy and that they will not want to throw away. We aim to continue creating new classics – high-quality products that stand the test of time. Our objective is that, during their lifetime, Marimekko items bring joy to many different consumers, even generations, after which they are finally recycled into new products. To encourage our community to give their pre-loved Marimekko gems a new life, we will pilot resale services in 2021. We will also expand our service offering related to product care in order to prolong the life of our products. The products of tomorrow leave no trace – Marimekko’s own operations are already carbon neutral We have launched several projects to significantly reduce emissions in our entire value chain – it is our intention to align our emissions-related targets with those of the Paris Agreement. We commit ourselves to reduce the environmental footprint of our textile materials by 30 percent (measured in the Higg Material Sustainability Index) by 2025 through using more sustainable materials and to cut it further by 2030 by adopting new material solutions. We also aim at reducing emissions from logistics by 50 percent by 2025. As a result of continuous development work and emission offsetting, our own operations are already carbon neutral in 2020. Positive change through fairness and equality – aiming at full transparency of operations and the supply chain Fairness and equality have always been important principles for Marimekko. We want to promote their implementation in our value chain and see to it that our entire value chain is built on these principles. We will continuously provide more information about the origin of our products, ultimately aiming at full transparency of our operations and supply chain, starting with raw materials. We will also extend audits to second-tier suppliers in risk countries. By actively collaborating with other players in the industry, we can promote sustainable practices and drive positive change across the whole sector. Media and investor conference A media and investor conference on Marimekko’s new sustainability strategy and goals will be held in English on 10 December 2020 at 3.00 p.m. EET. A live webcast of the conference can be followed at https://marimekko.videosync.fi/new-sustainability-strategy-2020, and a recording of the webcast will be available at the same address later. Questions can be asked during the live webcast in writing.  Read more: https://company.marimekko.com/en/sustainability/ Further information: Asta Halme, Marimekko Communications Tel. +358 9 7587 233 asta.halme@marimekko.com 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. Marimekko products are sold in about 40 countries. In 2019, brand sales of the products worldwide amounted to EUR 251 million and the company's net sales were EUR 125 million. Roughly 150 Marimekko stores serve customers around the globe. The key markets are Northern Europe, North America and the Asia-Pacific region. The Group employs about 450 people. The company’s share is quoted on Nasdaq Helsinki Ltd. www.marimekko.com

  • Globe Newswire

    MARIMEKKO INTRODUCES ITS FIRST PRODUCTS PRINTED WITH A NATURAL DYE

    Marimekko Corporation, Press release, 30 November 2020 at 2.00 p.m. As part of its fall 2021 collection, Marimekko will launch its first garments, bags and home items that are printed with a natural dye. The blue shade of the fabrics is the result of collaboration with Natural Indigo Finland, a Finnish company concentrating on natural dyes. Marimekko and Natural Indigo Finland began their collaboration on the industrial use of natural dyes in August 2019. Marimekko’s printing factory in Helsinki has, among other things, been involved in developing the recipe for the blue dye obtained from the woad plant as well as testing the fastness of the dye in use. “It is important for Marimekko to be involved in finding and developing new, more sustainable material solutions for the future, among other things. Our own printing factory in Helsinki offers unique possibilities for testing new fabrics and dyestuffs in the printing process. We are very pleased that, together with Natural Indigo, we have been able to bring a natural indigo dye into use on an industrial scale,” says Minna Kemell-Kutvonen, Marimekko’s Director of Home and Print Design. “We continuously aim to increase the share of sustainable cotton as well as of other more sustainable materials in our products and packaging and to find more environmentally-friendly alternatives to the substances used in the manufacturing processes. The use of natural dyes in textile printing is a very interesting option. It is always a pleasure to find good Finnish partners and together develop solutions that can bring the whole industry forward.” The following items printed with a blue dye obtained from woad will hit the stores in July 2021: Norkko shirts and cotton purses featuring the iconic Unikko design, classic striped Jokapoika shirts as well as fabric, cushion covers and bags in the Silkkikuikka pattern. “The aim of Natural Indigo is to produce dyes sustainably and ethically and so offer the textile industry one way of enhancing sustainability. I am glad that Marimekko early on wanted to engage in this project and participate in furthering the use of natural dyes on an industrial scale,” says Pasi Ainasoja from Natural Indigo Finland. The industrial use of dyes derived from nature is only in its early stages, but the products to be launched as a result of this collaboration prove that natural dyes are an interesting option for textile printing in the future. In addition to the indigo dye obtained from woad, Natural Indigo Finland has also tested extracting yellow, green and gray dyes, for example, from various industry by-products, such as onion skins. The use of natural dyes requires new thinking about pattern design and coloring, as growth conditions, among other things, affect how the color appears on fabric. Also, it is characteristic of indigo obtained from woad, as of all natural dyes, that the intensity of the color changes with washing and use. The launch of the products printed with a natural indigo dye will take place in the 70th anniversary year of Marimekko. Through the decades, Marimekko has remained true to its original mission of bringing joy to life with bold prints and colors. During the whole anniversary year, Marimekko’s prints and colors will be in the limelight.   Pictures of the products are available on Marimekko Media Bank: https://mediabank.marimekko.fi/l/K-T_6_7L5gx6 Further information:  Asta Halme, Marimekko Communications, tel. +358 9 7587 233 / asta.halme@marimekko.com Pasi Ainasoja, Natural Indigo Finland, tel. +358 40 028 2370 / info@naturalindigo.fi 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. Marimekko products are sold in about 40 countries. In 2019, brand sales of the products worldwide amounted to EUR 251 million and the company's net sales were EUR 125 million. Roughly 150 Marimekko stores serve customers around the globe. The key markets are Northern Europe, North America and the Asia-Pacific region. The Group employs about 450 people. The company’s share is quoted on Nasdaq Helsinki Ltd. www.marimekko.com  Natural Indigo Finland produces natural dyes in Nivala, Northern Finland, for the textile industry, among others. The main product of Natural Indigo is a blue dye extracted from the leaves of the woad plant cultivated by the company. Natural Indigo has also developed woad cultivation and dye production as part of the international multidisciplinary BioColour project. www.naturalindigo.fi