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Third party research

Marimekko: Solid margin and international growth - Evli

Marimekko

This is a third party research report and does not necessarily reflect our views or values

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Marimekko's first quarter beat our estimates on both revenue and profitability, driven by an improved relative sales margin and stronger-than-expected international growth outside APAC, which came in as flagged. Domestic net sales were flat as wholesale promotional deliveries exceeded our estimate, offsetting weaker retail.