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Marimekko: Anniversary year turning into an earnings party

MEKKOResearch21.05.2021, 12.20
Petri KajaaniAnalyst
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Marimekko’s Q1 clearly exceeded the comparison period and market expectations. Last week, the company raised its 2021 guidance, which together with the strong Q1 resulted in us raising our 2021 operating profit estimate by 14%. The Marimekko brand is attractive to consumers and the company has been able to raise its competitiveness to an excellent level. Q1 was very promising, and we expect the company to generate its strongest result ever in honor of its 70th anniversary.

Marimekko is a textile and clothing company. The range includes clothing, bags, accessories and household items ranging from upholstery fabrics to porcelain. The products are sold through physical stores under the company's brand throughout the global market, primarily in Europe, North America and Asia. Marimekko was founded in 1951 and is headquartered in Helsinki.

Read more on company page

Key Estimate Figures21.05.2021

202021e22e
Revenue123.6142.9155.5
growth-%-1.5 %15.7 %8.8 %
EBIT (adj.)20.223.623.0
EBIT-% (adj.)16.3 %16.5 %14.8 %
EPS (adj.)0.360.450.44
Dividend0.200.320.32
Dividend %2.2 %3.3 %3.3 %
P/E (adj.)25.321.422.1
EV/EBITDA11.510.710.4

Forum discussions

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8/15/2026, 7:00 AM
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