Marimekko

Marimekko Corporation, Press release, 2 April 2025 at 8.30 a.m. EEST

Marimekko and Crocs announce limited-edition collaboration collection – optimistic and playful collaboration products hit stores just in time for spring

Leading Finnish lifestyle design house Marimekko and global footwear brand Crocs are launching a limited-edition collaboration collection inspired by the optimism and sense of playfulness at the core of both brands. The Marimekko x Crocs collection combines Marimekko’s world-renowned art of printmaking with the innovative casual footwear that Crocs is globally known for. The collection marks the first collaboration between the two brands.

The Marimekko x Crocs collection will feature Marimekko’s iconic Unikko print in different scales and colorways on multiple Crocs footwear styles, from Classic Clogs to Platform Clogs, for both adults and children. Unikko is a visually stunning abstraction of a flower, a powerful emblem of joy and creativity designed by Maija Isola in 1964. To complement the footwear, the collaboration collection will also include matching everyday accessories such as socks, the first-ever Crocs printed tote as well as a Marimekko x Crocs 5-pack of Jibbitz™ charms for fun and floral personalization.

“The Marimekko x Crocs collaboration celebrates the positive energy and playfulness of both brands through beautiful and functional designs bringing together Marimekko’s iconic Unikko print and Crocs’ innovative footwear. Our lifelong mission at Marimekko is to bring joy to people’s everyday lives, and we are confident that this collection will bring that to many,” says Rebekka Bay, Creative Director, Marimekko.

"Our partnership with Marimekko highlights the shared values that define both of our brands – bold self-expression, unwavering authenticity, and unapologetic individuality,” said Matias Infante, Vice President of Global Marketing, Crocs. “Together, we embrace the power of personalization, creating a space where comfort meets confidence, and where each person is empowered to express their truest selves without compromise." 

The Marimekko x Crocs limited-edition collection will be available on crocs.com, at select Crocs stores and wholesale locations worldwide from 23 April 2025 onwards.

Limited-edition brand collaborations increase Marimekko’s international brand awareness and this way support Marimekko’s international growth strategy. In addition, brand collaboration collections typically generate licensing income to Marimekko. Licensing income from the collaboration with Crocs has been recognized as revenue for Marimekko in North America in the first quarter of 2024.

Download photos

Read more: http://marimekko.com/marimekko-x-crocs

Further information:

Liisa Myllymäki
Tel. +358 406309779
liisa.myllymaki@marimekko.com

Distribution:
Key media

About Marimekko

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. In 2024, the company's net sales totaled EUR 183 million and comparable operating profit margin was 17.5 percent. Globally, there are roughly 170 Marimekko stores, and online store serves customers in 38 countries. The key markets are Northern Europe, the Asia-Pacific region and North America. The Group employs about 480 people. The company’s share is quoted on Nasdaq Helsinki Ltd. www.marimekko.com

About Crocs, Inc.

Crocs, Inc. (Nasdaq: CROX), headquartered in Broomfield, Colorado, is a world leader in innovative casual footwear for all, combining comfort and style with a value that consumers know and love. The Company's brands include Crocs and HEYDUDE, and its products are sold in more than 80 countries through wholesale and direct-to-consumer channels. For more information on Crocs, Inc. visit investors.crocs.com. To learn more about our brands, visit www.crocs.com or www.heydude.com. Individuals can also visit https://investors.crocs.com and follow both Crocs and HEYDUDE on their social platforms.

 

Marimekko Corporation, Stock Exchange Release 18 March 2025 at 1.00 p.m. EET

Marimekko’s annual report for 2024 is published

Marimekko Corporation has published today Marimekko’s year 2024 publication, which includes the report of the Board of Directors, the consolidated financial statements, the parent company financial statements, the corporate governance statement and the remuneration report for 2024. The publication is available in English and Finnish in PDF format.

The report of the Board of Directors includes for the first time the sustainability report, prepared in accordance with the Corporate Sustainability Reporting Directive (CSRD) and the European Sustainability Reporting Standards (ESRS) as well as the Finnish Accounting Act’s Chapter 7 on sustainability reporting. Authorized Sustainability Audit Firm KPMG Oy Ab has assured the report at a limited assurance level in accordance with ISAE 3000 (revised).

Marimekko publishes the financial statements for 2024 in XHTML format in accordance with the European Single Electronic Format (ESEF) reporting requirements. In line with the ESEF requirements, the primary statements in the consolidated financial statements have been labelled with XBRL tags. Notes to financial statements have been labelled with XBRL block tags. Authorized Public Accountants KPMG Oy Ab has assured the XHTML file and the XBRL tags included in it in accordance with ISAE 3000 (revised).

The XHTML file and the Marimekko’s year 2024 publication in PDF format are attached to this release. The documents are also available on Marimekko’s website at https://company.marimekko.com/releases-publications/annual-reports.  

MARIMEKKO CORPORATION
Corporate Communications

Anna Tuominen
Tel. +358 40 584 6944
anna.tuominen@marimekko.com

DISTRIBUTION:
Nasdaq Helsinki Ltd
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. In 2024, the company's net sales totaled EUR 183 million and comparable operating profit margin was 17.5 percent. Globally, there are roughly 170 Marimekko stores, and online store serves customers in 38 countries. The key markets are Northern Europe, the Asia-Pacific region and North America. The Group employs about 480 people. The company’s share is quoted on Nasdaq Helsinki Ltd. www.marimekko.com

Attachments

• 74370053IOY42B9YJ350-2024-12-31-0-en
• Marimekkos_year_2024

Marimekko Corporation, Stock Exchange Release, 12 March 2025 at 1.30 p.m. EET

Changes in Marimekko’s management – Paula Ukonaho appointed Marimekko’s Chief Business Development Officer and member of the Management Group

Paula Ukonaho, 37, has been appointed Marimekko’s Chief Business Development Officer and member of the Management Group as of 11 June 2025 and will report to the President and CEO.

MA, Economics Paula Ukonaho joined Marimekko in August 2018 and has held various leadership positions in business, sales and customer journey development. Currently she works as Head of Business Development. Before Marimekko, Ukonaho worked as Manager in Global Retail Development at Fiskars Group, and prior to that, she held various positions in management consulting related to retail, customer experience, digital business and transformation in the United Kingdom and Finland at Capgemini and BearingPoint.

“I’m delighted to welcome Paula to join our Management Group. Paula’s stellar, wide-ranging knowledge in business development and transformation leadership complements our team and support us in our journey to scale up Marimekko’s growth,” says Tiina Alahuhta-Kasko, Marimekko’s President and CEO.

Ukonaho is currently on parental leave and plans to return to work in fall 2025. Until her return, Marimekko’s Chief Financial Officer Elina Anckar will be leading the company’s Business Development and Transformation team in interim after Marimekko’s current Chief Business Development Officer Riika Wikberg leaves the company on 10 June 2025.

MARIMEKKO CORPORATION
Corporate Communications

Anna Tuominen
Tel. +358 40 5846944
anna.tuominen@marimekko.com

DISTRIBUTION:
Nasdaq Helsinki Ltd
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. In 2024, the company's net sales totaled EUR 183 million and comparable operating profit margin was 17.5 percent. Globally, there are roughly 170 Marimekko stores, and online store serves customers in 38 countries. The key markets are Northern Europe, the Asia-Pacific region and North America. The Group employs about 480 people. The company’s share is quoted on Nasdaq Helsinki Ltd. www.marimekko.com

Marimekko Corporation, Stock Exchange Release, 11 March 2025 at 10.30 a.m. EET

Changes in Marimekko’s management 

Chief Business Development Officer and member of the Marimekko Management Group Riika Wikberg will resign from her role to move into entrepreneurship. Riika’s last day at Marimekko will be 10 June 2025. The recruitment of her successor has started.

“I would like to warmly thank Riika for her years at Marimekko. Riika has played a significant role in the long-term development of Marimekko’s business and sustainability work. I wish her all the best for her new endeavors,” President and CEO Tiina Alahuhta-Kasko says.

MARIMEKKO CORPORATION
Corporate Communications

Anna Tuominen
Tel. +358 40 5846944
anna.tuominen@marimekko.com

DISTRIBUTION:
Nasdaq Helsinki Ltd
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. In 2024, the company's net sales totaled EUR 183 million and comparable operating profit margin was 17.5 percent. Globally, there are roughly 170 Marimekko stores, and online store serves customers in 38 countries. The key markets are Northern Europe, the Asia-Pacific region and North America. The Group employs about 480 people. The company’s share is quoted on Nasdaq Helsinki Ltd. www.marimekko.com

Marimekko Corporation, Stock Exchange Release, 19 February 2025 at 8.40 a.m. EET

Notice of Marimekko Corporation’s Annual General Meeting

The Annual General Meeting of Marimekko Corporation will be held on Tuesday 15 April 2025 at 2.00 p.m. (EEST) at Little Finlandia, at the address Karamzininranta 4, 00100 Helsinki. The registration of attendees and the distribution of voting slips will commence at the meeting venue at 1.00 p.m. (EEST).

Shareholders can also exercise their voting rights by voting in advance. In addition, it is possible to follow the Annual General Meeting online via webcast on the company’s website at https://company.marimekko.com/investors/management/general-meeting/annual-general-meeting-2025/. For further instructions, please refer to Section C “Instructions for the participants of the Annual General Meeting” of this notice.

A. Matters on the agenda of the Annual General Meeting

1. Opening of the meeting

2. Calling the meeting to order

3. Election of persons to scrutinize the minutes and supervise the counting of votes

4. Recording the legality of the meeting

5. Recording the attendance at the meeting and adoption of the list of votes

6. Presentation of the financial statements, the report of the Board of Directors, the auditor’s report and the assurance report on sustainability reporting for 2024

Review by the President and CEO.
 
The company’s financial statements, the report of the Board of Directors (including the sustainability report), the auditor’s report and the assurance report on sustainability reporting will be made available on 25 March 2025 at the latest on the company’s website at https://company.marimekko.com/investors/management/general-meeting/annual-general-meeting-2025/. 

7. Adoption of the financial statements

8. Resolution on the use of the profit shown on the balance sheet and the payment of dividend

On 31 December 2024, the parent company’s distributable funds amounted to EUR 70,604,754.43 of which EUR 25,011,306.84 was profit for the financial year 2024. The Board of Directors proposes to the Annual General Meeting that a regular dividend of EUR 0.40 and an extraordinary dividend of 0.25 per share be paid for the financial year 2024. The total amount of the proposed dividend is approximately EUR 26.3 million, and the remaining funds are to be retained in equity.

The Board of Directors proposes that the dividend will be paid to shareholders who are registered on the dividend payout record date of 17 April 2025 in the company’s shareholder register held by Euroclear Finland Ltd on behalf of the Board of Directors of the company. The Board of Directors proposes 28 April 2025 as the dividend payout date. No substantial changes in the company’s financial position have occurred after the end of the financial year. The company’s liquidity is good and, in the view of the Board of Directors, the proposed dividend payout does not jeopardize the company’s solvency.

9. Resolution on the discharge of the members of the Board of Directors and the President and CEO of the company from liability for the financial year 1 January–31 December 2024

10. Consideration of the remuneration report for governing bodies

The remuneration report for 2024, prepared in accordance with the remuneration policy adopted on 16 April 2024 by the company’s Annual General Meeting, will be available on 25 March 2025 at the latest on the company’s website at https://company.marimekko.com/investors/management/general-meeting/annual-general-meeting-2025/ .            

The Board of Directors proposes that the Annual General Meeting adopt the company’s remuneration report for governing bodies as an advisory resolution.

11. Resolution on the remuneration of the members of the Board of Directors

Shareholders representing in total approximately 27 percent of all the shares and votes of Marimekko Corporation have proposed to the Annual General Meeting, on the basis of the proposal of the Audit and Remuneration Committee, that the fees payable to the members and the Chair of the Board would remain unchanged from 2024 and be as follows: an annual remuneration of EUR 55,000 would be paid to the Chair, EUR 40,000 to the Vice Chair and EUR 30,000 to the other Board members. Board members who reside outside Finland would receive EUR 1,000 per Board meeting where they are physically present. In addition, it is proposed that a separate remuneration be paid for committee work to persons elected to a committee as follows: EUR 2,000 per meeting to Chair and EUR 1,000 per meeting to members. The fees for committee work would remain unchanged from 2024.

The above-mentioned shareholders have also proposed, based on the proposal of the Audit and Remuneration Committee, that approximately 40 percent of the annual remuneration of the members of the Board of Directors would be paid in Marimekko Corporation’s shares acquired from the market and the rest in cash. The shares would be acquired directly on behalf of the Board members within two weeks from the release of the interim report for 1 January–31 March 2025 or at the first time as possible under applicable legislation. The annual remuneration would be paid entirely in cash, if a Board member on the date of the Annual General Meeting, 15 April 2025, holds the company’s shares worth more than EUR 1,000,000.

If Mika Ihamuotila is elected a member and Chair of the Board of Directors as proposed in the section 13 of this notice in addition to the aforementioned annual remuneration, a monthly fee of EUR 5,000 for half-time duty pursuant to a separate executive service agreement will be paid. The fee is unchanged from 2024. The Audit and Remuneration Committee separately evaluates the terms of the service agreement, but Mika Ihamuotila will not take part in the evaluation. If Mika Ihamuotila is elected as a member of the Audit and Remuneration Committee, he will not receive the separate remuneration for committee work.

12. Resolution on the number of members of the Board of Directors

Shareholders representing in total approximately 27 percent of all the shares and votes of Marimekko Corporation have proposed to the Annual General Meeting that six (6) members be elected to the Board of Directors.

13. Election of the members of the Board of Directors

Shareholders representing in total approximately 27 percent of all the shares and votes of Marimekko Corporation have proposed to the Annual General Meeting that Massimiliano Brunazzo, Carol Chen, Mika Ihamuotila, Teemu Kangas-Kärki, Tomoki Takebayashi and Marianne Vikkula be re-elected to the Board of Directors.

Massimiliano Brunazzo, Carol Chen, Teemu Kangas-Kärki, Tomoki Takebayashi and Marianne Vikkula are independent of the company and its significant shareholders according to the evaluation of the above-mentioned shareholders. Mika Ihamuotila is not independent of the company nor its significant shareholders due to his indirect shareholding through PowerBank Ventures Ltd, equaling 12.5 percent of the shares and votes in the company.

The proposed Board members have informed the company that, if they are elected, they intend to elect Mika Ihamuotila as Chair of the Board and Teemu Kangas-Kärki as Vice Chair of the Board as well as Teemu Kangas-Kärki as Chair and Mika Ihamuotila and Marianne Vikkula as members of the Audit and Remuneration Committee.

All proposed persons have given their consent to the election. The term of all the Board members ends at the end of the Annual General Meeting of 2026. Biographical details of the proposed members of the Board of Directors are available on the company’s website at https://company.marimekko.com/investors/management/board-of-directors. 

14. Resolution on the remuneration of the auditor

In accordance with the recommendation of the Audit and Remuneration Committee, the Board of Directors proposes to the Annual General Meeting that the auditor’s remuneration be paid as per invoice approved by the company.

15. Election of the auditor

In accordance with the recommendation of the Audit and Remuneration Committee, the Board of Directors proposes to the Annual General Meeting that KPMG Oy Ab, Authorized Public Accountants, be re-elected as the company’s auditor. KPMG Oy Ab has informed that Heli Tuuri, Authorized Public Accountant, KHT, would act as the principal auditor.

16. Resolution on the remuneration of the sustainability reporting assurance provider

In accordance with the recommendation of the Audit and Remuneration Committee, the Board of Directors proposes to the Annual General Meeting that the remuneration of the sustainability reporting assurance provider be paid as per invoice approved by the company.

17. Election of the sustainability reporting assurance provider

In accordance with the recommendation of the Audit and Remuneration Committee, the Board of Directors proposes to the Annual General Meeting that KPMG Oy Ab, be elected as the company’s sustainability reporting assurance provider. KPMG Oy Ab has informed that Heli Tuuri, (ASA), would act as the Authorized Sustainability Auditor having principal responsibility.

18. Amendment of the Articles of Association

The Board of Directors proposes that a new Article 8 concerning the appointment of a sustainability assurance provider be added to the Articles of Association, and that the numbering of the subsequent articles be updated accordingly. Additionally, the Board of Directors proposes that Article 10 (renumbered as Article 11 following the update to the article numbering) of the Articles of Association concerning the matters to be addressed at the Annual General Meetings be supplemented so that the Annual General Meeting shall elect a sustainability reporting assurance provider in accordance with the Finnish Companies Act and resolve upon their remuneration. In their amended forms, said provisions of the Articles of Association would read as follows:

“8 § The Company shall elect one Authorized Sustainability Audit Firm as the Company’s sustainability reporting assurance provider. The Authorized Sustainability Audit Firm shall designate an Authorized Sustainability Auditor (ASA) having principal responsibility.”

“11 § The Annual General Meeting shall be held annually within six (6) months of the end of the financial year.

At the meeting shall be:

presented:

1. the financial statements of the Company and the Group, and the report on operations,

2. the auditors’ report,

resolved upon:

3. the adoption of the financial statements,

4. the use of the profit shown on the balance sheet,

5. granting discharge from liability to the members of the Board of Directors and the President of the Company,

6. the remuneration of the members of the Board of Directors,

7. the number of members of the Board of Directors,

8. the remuneration of the Auditor,

9. the remuneration of the sustainability reporting assurance provider,

elected:

10. the members of the Board of Directors,

11. one Auditor and, when needed, a Deputy Auditor,

12. one sustainability assurance provider,

dealt with:

13. any other matters as per the notice of the meeting.”

It is proposed that the Articles of Association remain unchanged in other respects.

19. Authorization of the Board of Directors to decide on the acquisition of the company’s own shares

The Board of Directors proposes that the Board be authorized by the Annual General Meeting to decide on the acquisition of a maximum of 150,000 of the company’s own shares in one or more instalments. The number of shares represents approximately 0.4 percent of the total number of the company’s shares at the time of the proposal. The shares would be acquired with funds from the company’s non-restricted equity, which means that the acquisition would reduce funds available for distribution. The shares would be acquired otherwise than in proportion to the shareholdings of the shareholders through public trading on Nasdaq Helsinki Ltd at the market price prevailing at the time of acquisition and in accordance with the rules and regulations of Nasdaq Helsinki Ltd. The shares would be acquired to be used as a part of the company’s incentive system, to be transferred for other purposes or to be cancelled. The authorization is proposed to include the right of the Board of Directors to decide on all of the other terms and conditions of the acquisition of the shares. The authorization is proposed to be valid for eighteen (18) months from the decision of the Annual General Meeting and to supersede the authorization granted by the 2024 Annual General Meeting.

20. Authorization of the Board of Directors to decide on the issuance of new shares and transfer of the company’s own shares

The Board of Directors proposes that the Board be authorized by the Annual General Meeting to decide on the issuance of new shares and the transfer of the company’s own shares in one or more instalments. The total number of shares to be issued or transferred pursuant to the authorization may not exceed 200,000 (new or the company’s own) shares, which represents approximately 0.5 percent of the total number of the company’s shares at the time of the proposal. Pursuant to the authorization, the Board may decide on a directed share issue in deviation from the shareholders’ pre-emptive rights for a weighty financial reason, such as the company’s incentive system, personnel share issue, developing the company’s capital structure, using the shares as consideration in possible company acquisitions or carrying out other business transactions. The share issue may be subject to a charge or free. A directed share issue can be free of charge only if there is a particularly weighty financial reason for the company and taking into account the interests of all of the company’s shareholders. The subscription price of the new shares and the amount paid for the company’s own shares would be recorded in the company’s reserve for invested non-restricted equity. The authorization is proposed to include the right of the Board of Directors to decide on all of the other terms and conditions of the share issue. The authorization is proposed to remain in force for a period of eighteen (18) months from the resolution of the Annual General Meeting and to supersede the authorization granted by the 2024 Annual General Meeting.

21. Closing of the meeting

B. Documents of the Annual General Meeting

The proposals for the decisions on the matters on the agenda of the Annual General Meeting as well as this notice are available on Marimekko Corporation’s website at https://company.marimekko.com/investors/management/general-meeting/annual-general-meeting-2025/. The company’s financial statements, the report of the Board of Directors (including the sustainability report), the auditor’s report, the assurance report on sustainability reporting, the remuneration report as well as the remuneration policy adopted by the Annual General Meeting of 2024 will be available on the company’s website on 25 March 2025 at the latest. Copies of these documents and of this notice will be sent to shareholders upon request. The minutes of the Annual General Meeting can be viewed on the company’s website as of 29 April 2025 at the latest.

C. Instructions for the participants in the Annual General Meeting

1. Shareholders registered in the shareholders’ register

Each shareholder who on the record date for the Annual General Meeting, 3 April 2025, is registered in the shareholders’ register of the company, held by Euroclear Finland Oy, has the right to participate in the Annual General Meeting. A shareholder whose shares are registered on their personal Finnish book-entry account is registered in the shareholders’ register of the company.

A shareholder who is registered in the company's Shareholder Register and who wants to participate in the Annual General Meeting is requested to register for the meeting no later than 7 April 2025 at 4.00 p.m. (EEST), by which time the registration must be received.

Notice of participation can be given starting from Monday 10 March 2025 at 9.00 a.m. (EET):

a)   by filling in the registration form on the company’s website at https://company.marimekko.com/investors/management/general-meeting/annual-general-meeting-2025/ 

Electronic registration requires strong electronic authentication of the shareholder or the shareholder’s proxy representative or legal representative with a Finnish, Swedish or Danish bank ID or mobile certificate. If shareholders use Suomi.fi-authorizations, registration requires the authorized person’s strong electronic authentication with Finnish online banking codes or a mobile certificate.

b)   by mail or email

A shareholder registering by mail or email must submit the registration and advance voting form available on the company's website or corresponding information by mail to Innovatics Oy, General Meeting / Marimekko Oyj, Ratamestarinkatu 13 A, 00520 Helsinki, Finland or by email to agm@innovatics.fi.

In connection with the registration, a shareholder shall provide the requested information, such as their name, date of birth, business ID, email address, telephone number as well as the name, date of birth, phone number and/or email address of a possible proxy representative or legal representative. The personal data given by shareholders to Marimekko Corporation or Innovatics Oy is used only in connection with the Annual General Meeting and the processing of the necessary related registrations. For further information on how Marimekko processes personal data, please review Marimekko Corporation’s privacy notice regarding the Annual General Meeting, which is available at the company’s website at https://company.marimekko.com/investors/management/general-meeting/annual-general-meeting-2025/ or contact the company by email at yk@marimekko.com. Please note that personal information provided in connection with registration by email is possibly sent through an unsecure connection on the shareholder’s own responsibility.

The shareholder, their authorized representative or proxy representative should, when necessary, be able to prove their identity and/or right of representation at the meeting venue.

Further information on registration is available during the registration period of the Annual General Meeting by calling Innovatics Oy at +358 10 2818 909 on business days from 9:00 a.m. to 12:00 noon and from 1:00 p.m. to 4:00 p.m.

2. Holder of nominee-registered shares

A holder of nominee-registered shares has the right to participate in the Annual General Meeting by virtue of those shares based on which the holder on the record date for the Annual General Meeting, 3 April 2025, would be entitled to be registered in the shareholders’ register of the company, held by Euroclear Finland Oy. In addition, participation in the Annual General Meeting requires that the shareholder on the basis of such shares has been temporarily registered in the shareholders’ register held by Euroclear Finland Oy by 10 April 2025 at 10.00 a.m. (EEST) at the latest. As regards nominee-registered shares, this constitutes due registration for the Annual General Meeting. Changes in shareholding after the record date for the Annual General Meeting do not affect the right to participate in the Annual General Meeting or the number of votes held by the shareholder.

A holder of nominee-registered shares is advised to well in advance request the necessary instructions regarding the temporary registration in the shareholders’ register of the company, the issuing of proxy documents, voting instructions and registration for the Annual General Meeting from their custodian bank as well as voting in advance. The account manager of the custodian bank shall register a holder of nominee-registered shares who wishes to participate in the Annual General Meeting to be temporarily entered into the shareholders’ register of the company by the time stated above and shall arrange advance voting on behalf of the holder of nominee-registered shares within the registration period for nominee-registered shares.

3. Proxy representative and powers of attorney

A shareholder may participate in the Annual General Meeting and exercise their rights at the meeting by way of proxy representation. Shareholders proxy representative may also vote in advance in the manner described in this notice. Electronic registration and advance voting on behalf of a shareholder requires strong electronic authentication of the proxy representative. A proxy representative shall provide a dated proxy document or otherwise in a reliable manner demonstrate their right to represent the shareholder at the Annual General Meeting. Should a shareholder participate in the Annual General Meeting by means of several proxy representatives representing the shareholder with shares on different book-entry accounts, the shares by which each proxy representative represents the shareholder shall be identified in connection with the registration.

Proxy and voting instruction templates will be available on the company’s website at https://company.marimekko.com/investors/management/general-meeting/annual-general-meeting-2025/ on 10 March 2025 at the latest. Any proxy documents, including the advance voting form, should be sent by mail to Innovatics Oy, General Meeting / Marimekko Oyj, Ratamestarinkatu 13 A, 00520 Helsinki, Finland or by email to agm@innovatics.fi. In addition to delivering the proxy documents, the shareholder or their proxy representative should register for the Annual General Meeting in the manner described above.

Instead of traditional proxy document, shareholders can use electronic authorization services of Suomi.fi. In that case the shareholder authorizes a named authorised person through Suomi.fi’s services at https://www.suomi.fi/e-authorizations by using the mandate theme “Representation at the General Meeting”. In connection with the registration, General Meeting Services require strong electronic authentication after which the electronic authorization is automatically verified. Strong electronic authentication requires Finnish online banking codes or a mobile certificate. For more information, please see Suomi.fi’s e-authorization pages at https://www.suomi.fi/e-authorizations/ as well as the company’s website at https://company.marimekko.com/investors/management/general-meeting/annual-general-meeting-2025/. 

4. Voting in advance

A shareholder whose shares are registered on the shareholder’s Finnish book-entry account can register and vote in advance on certain matters on the agenda of the Annual General Meeting from 10 March 2025 at 9.00 a.m. (EET) until 7 April 2025 at 4.00 p.m. (EEST) by the following means:

a)   Through the company’s website at https://company.marimekko.com/investors/management/general-meeting/annual-general-meeting-2025/              

Electronic advance voting requires strong electronic authentication of the shareholder or the shareholder’s proxy representative or legal representative with a Finnish, Swedish or Danish bank ID or mobile certificate. If shareholders use Suomi.fi-authorizations, registration requires the authorized person’s strong electronic authentication with Finnish online banking codes or a mobile certificate.

b)   Through mail or email

Shareholders can also submit the advance voting form available on the company’s website at https://company.marimekko.com/investors/management/general-meeting/annual-general-meeting-2025/ or corresponding information by mail to Innovatics Oy, General Meeting / Marimekko Oyj, Ratamestarinkatu 13 A, 00520 Helsinki, Finland or by email to agm@innovatics.fi. The advance voting form will be available on the company’s website on 10 March 2025 at the latest.

In addition to voting in advance, the shareholder must register for the Annual General Meeting prior to the end of the registration period.

A shareholder who has voted in advance cannot request information under the Finnish Companies Act or request a vote at the General Meeting or change the given votes if they or their proxy representative is not present at the General Meeting venue.

With regards to holders of nominee-registered shares, the advance voting is performed via the account management organisation. The account management organisation may vote in advance on behalf of the holders of nominee-registered shares it represents, in accordance with the voting instructions provided by them, during the registration period for holders of nominee-registered shares.

A proposal subject to advance voting is considered to have been presented unchanged at the General Meeting. The terms and other instructions concerning the electronic voting are available on the company’s website at https://company.marimekko.com/investors/management/general-meeting/annual-general-meeting-2025/. 

Further information on advance voting is available during the registration period of the Annual General Meeting by calling Innovatics Oy at +358 10 2818 909 on business days from 9:00 a.m. to 12:00 noon and from 1:00 p.m. to 4:00 p.m.

5. Other instructions and information

It is possible to follow the Annual General Meeting online via webcast. Instructions on following the webcast are available on the company’s website at https://company.marimekko.com/investors/management/general-meeting/annual-general-meeting-2025/.  Following the Annual General Meeting via webcast is not considered participating in the Annual General Meeting or exercising shareholder rights.

Pursuant to Chapter 5, Section 25 of the Finnish Companies Act, a shareholder who is present at the Annual General Meeting has the right to request information with respect to the matters to be considered at the Annual General Meeting.

Changes in shareholding after the record date for the Annual General Meeting do not affect the right to participate in the Annual General Meeting or the number of votes held by the shareholder.
 
On the date of this notice, 19 February 2025, the total number of shares and votes in Marimekko Corporation is 40,649,170. On the date of this notice, the company holds 77,790 of its own shares, which do not entitle to voting at the Annual General Meeting.

Helsinki, 19 February 2025

MARIMEKKO CORPORATION
Board of Directors

Further information:
Anna Tuominen
Tel. +358 40 584 6944
anna.tuominen@marimekko.com

DISTRIBUTION
Nasdaq Helsinki Ltd
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. In 2024, the company's net sales totaled EUR 183 million and comparable operating profit margin was 17.5 percent. Globally, there are roughly 170 Marimekko stores, and online store serves customers in 38 countries. The key markets are Northern Europe, the Asia-Pacific region and North America. The Group employs about 480 people. The company’s share is quoted on Nasdaq Helsinki Ltd. www.marimekko.com

Marimekko Corporation, Financial Statements Bulletin, 19 February 2025 at 8.00 a.m. EET

MARIMEKKO FINANCIAL STATEMENTS BULLETIN, 1 Jan–31 Dec 2024: Marimekko’s net sales in the fourth quarter grew and operating profit improved

This release is a summary of Marimekko’s financial statements bulletin for the January-December period of 2024. The complete report is attached to this release as a pdf file and it is also available on the company’s website at company.marimekko.com under Releases & publications.

The fourth quarter in brief

• Marimekko’s net sales increased by 7 percent and totaled EUR 54.0 million (50.6). Net sales were boosted, in particular, by the increased retail sales in all market areas.
• Net sales in Finland grew by 3 percent as domestic retail sales developed well, increasing by 8 percent. International sales grew by 13 percent with both retail and wholesale sales increasing.
• Operating profit was EUR 9.1 million (8.1). Comparable operating profit totaled EUR 9.3 million (8.3) equaling to 17.1 percent of net sales (16.4).
• Operating profit in the fourth quarter was improved, in particular, by increased net sales. On the other hand, lower relative sales margin had a weakening impact on the operating profit.

Year 2024 in brief

• Company’s net sales grew by 5 percent and amounted to EUR 182.6 million (174.1). Net sales were boosted especially by the growth of retail sales in all market areas and an increase in wholesale sales in the Asia-Pacific region and Scandinavia.
• Net sales in Finland increased by 2 percent due to favorable development of retail sales. International sales grew by 9 percent with retail sales increasing in all and wholesale sales in nearly all market areas.
• Operating profit totaled EUR 31.4 million (31.4) and comparable operating profit EUR 31.9 million (32.0) equaling to 17.5 percent of net sales (18.4).
• Operating profit was boosted by increased net sales. On the other hand, especially higher fixed costs but also lower relative sales margin had a weakening impact on the operating profit.

Board’s proposal for dividend

The Board of Directors will propose to the Annual General Meeting that a regular dividend of EUR 0.40 and an extraordinary dividend of EUR 0.25 will be paid for 2024, with 17 April 2025 as the dividend payout record date and 28 April 2025 as the dividend payout date.

Financial guidance for 2025

The Marimekko Group's net sales for 2025 are expected to grow from the previous year (2024: EUR 182.6 million). Comparable operating profit margin is estimated to be approximately some 16–19 percent (2024: 17.5 percent). Development of consumer confidence and purchasing power especially in Finland as well as general uncertainties and possible disruptions in global supply chains, among others, cause volatility to the outlook for 2025.

Uncertainties related to the development of net sales and result are described in more detail in the Major risks and factors of uncertainty section of the Financial Statements Bulletin.

Key figures

(EUR million)	10–12/ 2024	10–12/ 2023	Change, %	1–12/ 2024	1–12/ 2023	Change, %
Net sales	54.0	50.6	7	182.6	174.1	5
International sales	22.7	20.1	13	81.6	75.2	9
% of net sales	42	40		45	43
EBITDA	11.4	10.4	10	40.7	40.6	0
Comparable EBITDA	11.6	10.6	9	41.3	41.2	0
Operating profit	9.1	8.1	13	31.4	31.4	0
Operating profit margin, %	16.8	15.9		17.2	18.0
Comparable operating profit	9.3	8.3	12	31.9	32.0	0
Comparable operating profit margin, %	17.1	16.4		17.5	18.4
Result for the period	7.3	6.1	20	24.4	23.6	3
Earnings per share, EUR	0.18	0.15	20	0.60	0.58	3
Comparable earnings per share, EUR	0.18	0.15	19	0.61	0.59	3
Cash flow from operating activities	14.4	21.0	-31	29.1	29.4	-1
Gross investments	0.6	0.9	-34	2.3	2.0	15
Return on capital employed (ROCE), %				31.4	33.0
Equity ratio, %				58.7	54.1
Gearing, %				-12.9	-6.3
Net debt / EBITDA (rolling 12 months)				-0.24	-0.10
Personnel at the end of the period				480	468	3
outside Finland				84	83	1
Brand sales *	109.6	95.9	14	419.2	376.7	11
outside Finland	68.3	57.5	19	287.1	249.0	15
proportion of international sales, %	62	60		68	66
Number of stores				168	167	1

The change percentages in the table were calculated on exact figures before the amounts were rounded to millions of euros. The figure for comparable earnings per share takes account of similar items as comparable operating profit; tax effect included. Reconciliation of alternative key figures to IFRS and management’s discretion regarding items affecting comparability are presented in the table section of Financial Statements Bulletin.

* Brand sales are given as an alternative non-IFRS key figure, representing the reach of the Marimekko brand through different distribution channels. An unofficial estimate of sales of Marimekko products at consumer prices, brand sales are calculated by adding together the company’s own retail net sales and the estimated retail value of Marimekko products sold by other retailers. The estimated retail value is based on the company’s realized wholesale sales and licensing income. Brand sales do not include VAT, and the key figure is not audited. Some licensees provide exact retail figures, in which case these figures are used in reporting brand sales. For other licensing agreements, Marimekko’s own retail coefficients for different markets are used. Licensing income is reported as brand sales when licensed products are sold.

Tiina Alahuhta-Kasko, President and CEO, in conjunction with the report:

“Our net sales in the fourth quarter reached a record high, and our result improved in spite of the challenging market situation. We achieved sales growth in all market areas, which reflects our consistent efforts to scale up the Marimekko phenomenon internationally.

Marimekko's net sales increased by seven percent in the fourth quarter. Net sales totaled EUR 54.0 million (50.6), which made it the biggest quarter the company has ever had. The growth of net sales was driven particularly by the excellent development of our retail sales in all market areas. In the important domestic market of Finland, retail sales grew by eight percent in spite of the continued challenging market situation. Total net sales in Finland grew by three percent, while international net sales increased by 13 percent, supported by growth in sales in all of our market areas.

Our comparable operating profit in the October–December period amounted to EUR 9.3 million (8.3), and the comparable operating profit margin improved to 17.1 percent of net sales (16.4). Operating profit was strengthened especially by the growth of net sales. On the other hand, operating profit was negatively affected by the relative sales margin declining due to higher logistics costs.

Our full-year net sales for 2024 grew by five percent and amounted to EUR 182.6 million (174.1). Our comparable operating profit was EUR 31.9 million (32.0), which represented 17.5 percent (18.4) of net sales, and our financial position remained strong.

We continued to take determined steps in executing Marimekko's SCALE strategy in the fourth quarter. The third limited-edition brand collaboration collection of the year with the global Japanese apparel retailer UNIQLO supported our work to increase our brand awareness. The various international collaboration collections help us introduce Marimekko to new customers. In addition, a jewelry collection made from recycled silver, created in partnership with Kalevala Jewelry, arrived in stores in October. We also continued to develop our omnichannel retail network. During the fourth quarter, five new Marimekko stores were opened in Asia and one in Finland. We also delighted our customers with five pop-up stores, mainly in Asia.

I would like to extend my heartfelt thanks to all Marimekko employees and partners around the world for our success in 2024. Every customer encounter is important in our work to serve both existing and new friends of our brand in the best possible way and thus take the Marimekko brand and our story forward. We are in an excellent position to continue our determined efforts in 2025 to scale up Marimekko internationally by challenging the fashion and design industry with empowering optimism, the art of printmaking and timeless design."

Market outlook and growth targets for 2025

The uncertainties related to the development of the global economy, such as geopolitical tensions and their impact on the general economic situation, and general cost inflation influence consumer confidence, purchasing power and behavior and, as a result, can have an impact on Marimekko’s business in 2025, especially in the important domestic market of Finland. Different exceptional situations may cause even significant disruptions in production and logistics chains, and may thus have a negative impact on the company’s sales, profitability and cash flow.

Finland, Marimekko’s important domestic market, traditionally represents about half of the company’s net sales. Sales in Finland in 2025 are impacted by the weak general economy and low consumer confidence as well as the development of purchasing power and behavior. In addition, the tactical operating environment continues to have an impact on the business. The timing between quarters of the non-recurring promotional deliveries in Finnish wholesale sales and their size typically vary on an annual basis. In 2025, the non-recurring promotional deliveries in wholesale sales are expected to be significantly lower than in the comparable year and weighted clearly in the second half of the year. Despite the weak market situation, net sales in Finland are expected to be approximately at the level of the previous year.

International sales are estimated to grow in 2025. In the strategy period 2023–2027, Marimekko focuses on Asia as the most important geographical area for international growth. In 2025, net sales in the Asia-Pacific region, Marimekko’s second-largest market, are expected to increase. All brick-and-mortar Marimekko stores and most online stores in Asia are partner-owned. In 2025, the aim is to open approximately 10–15 new Marimekko stores and shop-in-shops, and most of the planned openings will be in Asia.

Licensing income in 2025 is forecasted to be significantly below the previous year’s record level.

Due to the seasonal nature of Marimekko’s business, a major portion of the company’s euro-denominated net sales and operating result are traditionally generated during the second half of the year. Net sales and operating profit in the first quarter of 2025 are significantly impacted by timing differences from the comparison period. In the comparable year, a large amount of non-recurring promotional deliveries in Finnish wholesale sales occurred exceptionally during the first quarter of the year. In addition, a significant part of licensing income in 2024 was recorded already during the first quarter of the year, unlike in 2025.

Marimekko develops its business with a long-term view and aims to continue scaling its profitable growth in the upcoming years. In 2025, fixed costs are expected to be up on the previous year. The general cost inflation continues to also affect Marimekko in 2025. Personnel expenses are impacted, for example, by general pay increases in different markets. Marketing expenses are expected to increase (2024: EUR 10.6 million).

Early commitments to product orders from supplier partners, typical of the industry and partly further emphasized due to different factors, undermine the company’s ability to optimize product orders and respond to rapid changes in demand and consumer behavior, which also increases risks related to sales, inventory management, cashflow and relative profitability. There are still significant uncertainties related to global production and logistic chains, which may cause delays. If realized, these kinds of delays can have an impact on the company’s sales and profitability. Marimekko works actively to ensure functioning production and logistics chains, to avoid delays, to mitigate the negative impacts of generally increased costs, and to enhance inventory management.

Marimekko is closely monitoring the general economic situation, the development of consumer confidence and purchasing power and the impacts of possible exceptional situations and disruptions, and the company will adjust its operations and plans according to the circumstances.

Media and investor conference

A conference for media and institutional investors will be held in English on 19 February 2025 at 2.00 p.m. EET. A live webcast of the conference can be followed at https://marimekko.videosync.fi/q4-2024, and a recording of the webcast will be available at the same address later. Questions can be asked during the live webcast in writing.

Further information:

Tiina Alahuhta-Kasko, President and CEO, tel. +358 9 758 71
Elina Anckar, CFO, tel. +358 9 758 7261

MARIMEKKO CORPORATION
Corporate Communications

Anna Tuominen
Tel. +358 40 5846944
anna.tuominen@marimekko.com

DISTRIBUTION:
Nasdaq Helsinki Ltd
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. In 2024, the company's net sales totaled EUR 183 million and comparable operating profit margin was 17.5 percent. Globally, there are roughly 170 Marimekko stores, and online store serves customers in 38 countries. The key markets are Northern Europe, the Asia-Pacific region and North America. The Group employs about 480 people. The company’s share is quoted on Nasdaq Helsinki Ltd. www.marimekko.com

Attachment

• Marimekko Corporation Financial Statements Bulletin 2024

Marimekko Corporation, Inside Information 19 February 2025 at 7.50 a.m. EET

Inside Information: Marimekko’s Board of Directors proposes to the AGM that a regular dividend of EUR 0.40 per share and an extraordinary dividend of EUR 0.25 per share will be paid for 2024

The Board of Directors of Marimekko has decided to propose to the Annual General Meeting on 15 April 2025 that for the financial year 1 January–31 December 2024, a regular dividend of EUR 0.40 per share and an extraordinary dividend of EUR 0.25 per share will be paid. The Board proposes 17 April 2025 as the dividend payout record date and 28 April 2025 as the dividend payout date.

”Marimekko’s Board has decided to propose to the AGM that a regular dividend of EUR 0.40 per share and an extraordinary dividend of EUR 0.25 per share will be paid for 2024. Marimekko’s financial position is strong, and the company’s business model and its strategy of profitable growth does not require significant capital. The Board believes that it is warranted to pay an extraordinary dividend for the year 2024 to the shareholders”, says Mika Ihamuotila, Chair of the Board Directors of Marimekko.

MARIMEKKO CORPORATION
Corporate Communications

Anna Tuominen
Tel. +358 40 584 6944
anna.tuominen@marimekko.com

DISTRIBUTION:
Nasdaq Helsinki Ltd
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. In 2023, the company's net sales totaled EUR 174 million and comparable operating profit margin was 18.4 percent. Globally, there are roughly 170 Marimekko stores, and online store serves customers in 38 countries. The key markets are Northern Europe, the Asia-Pacific region and North America. The Group employs about 470 people. The company’s share is quoted on Nasdaq Helsinki Ltd. www.marimekko.com

Marimekko Corporation, Press release, 12 February 2025 at 14.00 p.m. EET 

Release of Marimekko's Financial Statements Bulletin for the year 2024  

Marimekko Corporation’s Financial Statements Bulletin for the year 2024 will be published on Wednesday, 19 February 2025 at 8.00 a.m. EET. The bulletin and related materials will be available on the company’s website at https://company.marimekko.com/investors after the publication.   

A media and investor conference will be held in English on 19 February 2025 at 2.00 p.m. EET. A live webcast of the conference can be followed at https://marimekko.videosync.fi/q4-2024, and a recording of the webcast will be available at the same address later. Questions can be asked during the live webcast in writing.  

Additional information:   
Anna Tuominen, Marimekko Communications   
Tel. +358 40 584 6944   
anna.tuominen@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. In 2023, the company's net sales totaled EUR 174 million and comparable operating profit margin was 18.4 percent. Globally, there are roughly 170 Marimekko stores, and online store serves customers in 38 countries. The key markets are Northern Europe, the Asia-Pacific region and North America. The Group employs about 470 people. The company’s share is quoted on Nasdaq Helsinki Ltd. www.marimekko.com 

 

Marimekko Corporation, Stock Exchange Release, 28 January 2025 at 3.00 p.m. EET

Shareholders’ proposals to the Annual General Meeting for the number of Marimekko’s Board members, the composition of the Board and its remuneration

Shareholders representing in total approximately 27 percent of all the shares and votes of Marimekko Corporation have made a proposal to the Annual General Meeting to be held on 15 April 2025 for the number of members of the Board of Directors, the composition of the Board and its remuneration.

Proposal for the number of members of the Board of Directors

Shareholders who represent approximately 27 percent of all the shares and votes of Marimekko Corporation have informed the company that they propose to the Annual General Meeting that six (6) members be elected to the Board of Directors.

Proposal for the composition of the Board of Directors

The above-mentioned shareholders have also informed the company that they propose that Massimiliano Brunazzo, Carol Chen, Mika Ihamuotila, Teemu Kangas-Kärki, Tomoki Takebayashi and Marianne Vikkula be re-elected to the Board of Directors.

Massimiliano Brunazzo, Carol Chen, Teemu Kangas-Kärki, Tomoki Takebayashi and Marianne Vikkula are independent of the company and its significant shareholders according to the evaluation of the above-mentioned shareholders. Mika Ihamuotila is not independent of the company nor its significant shareholders due to his indirect shareholding through PowerBank Ventures Ltd, equaling 12.5 percent of the shares and votes in the company.

The proposed Board members have informed the company that in the event that they are elected, they intend to elect Mika Ihamuotila as Chair of the Board and Teemu Kangas-Kärki as Vice Chair of the Board as well as Teemu Kangas-Kärki as Chair and Mika Ihamuotila and Marianne Vikkula as members of the Audit and Remuneration Committee.

All proposed persons have given their consent to the election. The term of all the Board members ends at the end of the Annual General Meeting 2026.

Biographical details of the proposed Board members are available on the company’s website https://company.marimekko.com/investors/management/board-of-directors

Proposal for the remuneration of the Board

In addition, the above-mentioned shareholders have informed the company that they propose to the Annual General Meeting, on the basis of the proposal of the Marimekko Audit and Remuneration Committee, that the fees payable to the members and the Chair of the Board would remain unchanged from 2024 and be as follows: an annual remuneration of EUR 55,000 would be paid to the Chair, EUR 40,000 to the Vice Chair and EUR 30,000 to the other Board members. Board members who reside outside Finland would receive EUR 1,000 per Board meeting where they are physically present. In addition, a separate remuneration would be paid for the committee work to persons elected to a committee as follows: EUR 2,000 per meeting to Chair and EUR 1,000 per meeting to members. The fees for committee work are unchanged from 2024.

The above-mentioned shareholders have also proposed that approximately 40 percent of the annual remuneration of the members of the Board of Directors would be paid in Marimekko Corporation’s shares acquired from the market and the rest in cash. The shares would be acquired directly on behalf of the Board members within two weeks from the release of the interim report for 1 January–31 March 2025 or at the first time as possible under applicable legislation. The annual remuneration would be paid entirely in cash, if a Board member on the date of the Annual General Meeting, 15 April 2025, holds the company’s shares worth more than EUR 1,000,000.

If Mika Ihamuotila is elected a member and Chair of the Board of Directors, in addition to the aforementioned annual remuneration, a monthly fee of EUR 5,000 for half-time duty as the Chair pursuant to a separate executive service agreement will be paid. The fee is unchanged from 2024. The Audit and Remuneration Committee separately evaluates the terms of the service agreement, but Mika Ihamuotila will not take part in the evaluation. If Mika Ihamuotila is elected as a member of the Audit and Remuneration Committee, he will not receive a separate remuneration for the committee work.

The above proposals will be included in the notice of the Annual General Meeting which will be published separately.

Further information:
Mika Ihamuotila, Chair of the Board, tel. +358 9 758 71

MARIMEKKO CORPORATION
Corporate Communications

Anna Tuominen
Tel. +358 40 584 6944
anna.tuominen@marimekko.com

DISTRIBUTION:
Nasdaq Helsinki Ltd
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. In 2023, the company's net sales totaled EUR 174 million and comparable operating profit margin was 18.4 percent. Globally, there are roughly 170 Marimekko stores, and online store serves customers in 38 countries. The key markets are Northern Europe, the Asia-Pacific region and North America. The Group employs about 470 people. The company’s share is quoted on Nasdaq Helsinki Ltd. www.marimekko.com

 

Marimekko Corporation, Press Release, 23 January 2025 at 3.00 p.m. EET

Marimekko's emission reduction targets approved by the Science Based Targets initiative

The Science Based Target initiative (SBTi) has approved Marimekko’s near-term science-based emissions reduction targets. Marimekko's new targets to reduce greenhouse gas emissions in its value chain, in line with the UN Paris Climate Agreement, are a logical step in the company's long-term work to reduce its environmental impact.

"We believe that, in the future, timeless, functional and high-quality products will be made in balance with the environment and in line with the principles of circular economy. We also believe that determined sustainability efforts strongly support Marimekko's long-term success. The science-based emission reduction targets we have now set are an important tool in our work to further reduce our environmental impact," says Marimekko's President and CEO Tiina Alahuhta-Kasko.

Marimekko commits to reduce by the end of 2030 from a 2022 base year:

- Absolute scope 1 and 2 GHG emissions 42%
- Scope 3 GHG emissions 51.6% per million EUR value added
The target boundaries include land-related emissions and removals from bioenergy feedstocks.

Marimekko will share more about the science-based emission reduction targets extending by the end of 2030 and the means to achieve them in its sustainability report, which will be part of the Board of Directors' Report 2024 and published in March during week 12.

Determined work to reduce greenhouse gas emissions

Marimekko has calculated the carbon footprint of its entire value chain (scope 1–3) since 2019 in accordance with the Greenhouse Gas Protocol standards. In the current sustainability strategy period for 2021–2025, the company had by the end of 2023 reduced the scope 1 and 2 emissions of its own operations by more than 70 percent compared to 2019. The most significant action contributing to this achievement has been the transition to renewable energy at Marimekko headquarters and printing factory located in Helsinki, Finland.

For the current sustainability strategy period, the company has also set targets for reducing the intensity of its greenhouse gas emissions (scope 3) in the value chain relating to purchased textile materials and logistics. The most important action in reducing the intensity of scope 3 emissions has been the transition to less emission-intensive materials in line with the company's material strategy. 

Marimekko announced its commitment to the Science Based Targets initiative in September 2022, at the same time as the company's Board of Directors confirmed determined sustainability work as one of the five strategic success factors of Marimekko's business strategy.

Read more about Marimekko's sustainability work and strategy: https://company.marimekko.com/sustainability/ 

Further information:
Tytti Kotipelto, Marimekko Communications
Tel. +358 40 511 5172
tytti.kotipelto@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. In 2023, the company's net sales totaled EUR 174 million and comparable operating profit margin was 18.4 percent. Globally, there are roughly 170 Marimekko stores, and online store serves customers in 35 countries. The key markets are Northern Europe, the Asia-Pacific region and North America. The Group employs about 470 people. The company’s share is quoted on Nasdaq Helsinki Ltd. www.marimekko.com

Marimekko Corporation, Interim Report, 6 November 2024 at 8.00 a.m.

INTERIM REPORT OF MARIMEKKO, 1 Jan–30 Sept 2024: Marimekko’s net sales in Q3 nearly at the record level of the comparison period despite the timing of non-recurring promotional deliveries, operating profit margin remains excellent

This release is a summary of Marimekko’s interim report for the January-September period of 2024. The complete report is attached to this release as a pdf file and it is also available on the company’s website at company.marimekko.com under Releases & publications.

The third quarter in brief

• Marimekko’s net sales decreased by 1 percent and totaled EUR 47.2 million (47.9). Net sales were weakened, in particular, by the lower wholesale sales in Finland. On the other hand, retail sales developed well in all market areas, especially in Finland, and grew in total by 12 percent.
• Net sales in Finland decreased by 9 percent when non-recurring promotional deliveries, as expected, were lower than in the strong comparison period. Retail sales in Finland increased by 8 percent. International sales grew by 9 percent with both retail and wholesale sales increasing.  
• Operating profit was EUR 11.1 million (12.9). Comparable operating profit was behind the strong comparison period and totaled EUR 11.1 million (13.1) equaling to 23.5 percent of net sales (27.4).
• Higher fixed costs, in particular, decreased operating profit in the third quarter of the year.

January-September in brief

• Company’s net sales grew by 4 percent and amounted to EUR 128.6 million (123.5). Net sales were especially boosted by the growth of retail sales in Finland and an increase in wholesale sales in the Asia-Pacific region. On the other hand, net sales were negatively impacted by a decrease in wholesale sales in the EMEA region.
• Net sales in Finland increased by 2 percent due to favorable development of retail sales. International sales grew by 7 percent with retail sales increasing in all and wholesale sales in nearly all market areas. 
• Operating profit totaled EUR 22.3 million (23.3) and comparable operating profit EUR 22.7 million (23.7) equaling to 17.6 percent of net sales (19.2).
• Operating profit was weakened especially by higher fixed costs. On the other hand, an increase in net sales boosted operating profit.

Financial guidance for 2024

The Marimekko Group's net sales for 2024 are expected to grow from the previous year (2023: EUR 174.1 million). Comparable operating profit margin is estimated to be approximately some 16–19 percent (2023: 18.4 percent). Development of consumer confidence and purchasing power, particularly in Finland, global supply chain disruptions and the general inflation development cause volatility to the outlook for 2024.

Uncertainties related to the development of net sales and result are described in more detail in the Major risks and factors of uncertainty section of the Interim Report.

Key Figures

(EUR million)	7–9/ 2024	7–9/ 2023	Change, %	1–9/ 2024	1–9/ 2023	Change, %	1–12/ 2023
Net sales	47.2	47.9	-1	128.6	123.5	4	174.1
International sales	21.5	19.7	9	58.9	55.1	7	75.2
% of net sales	46	41		46	45		43
EBITDA	13.4	15.2	-12	29.3	30.2	-3	40.6
Comparable EBITDA	13.5	15.4	-13	29.7	30.6	-3	41.2
Operating profit	11.1	12.9	-14	22.3	23.3	-4	31.4
Operating profit margin, %	23.5	27.0		17.3	18.9		18.0
Comparable operating profit	11.1	13.1	-15	22.7	23.7	-4	32.0
Comparable operating profit margin, %	23.5	27.4		17.6	19.2		18.4
Result for the period	8.4	10.3	-19	17.1	17.5	-3	23.6
Earnings per share, EUR	0.21	0.25	-19	0.42	0.43	-3	0.58
Comparable earnings per share, EUR	0.21	0.26	-20	0.43	0.44	-3	0.59
Cash flow from operating activities	4.4	5.4	-20	14.7	8.4	75	29.4
Gross investments	0.6	0.5	17	1.8	1.2	49	2.0
Return on capital employed (ROCE), %				32.5	32.0		33.0
Equity ratio, %				58.3	53.2		54.1
Gearing, %				0.7	22.7		-6.3
Net debt / EBITDA (rolling 12 months)				0.01	0.34		-0.10
Personnel at the end of the period				459	451	2	468
outside Finland				75	76	-1	83
Brand sales 1	119.1	92.4	29	309.5	280.8	10	376.7
outside Finland	85.2	54.7	56	218.8	191.5	14	249.0
proportion of international sales, %	72	59		71	68		66
Number of stores				166	166		167

The change percentages in the table were calculated on exact figures before the amounts were rounded to millions of euros. The figure for comparable earnings per share takes account of similar items as comparable operating profit; tax effect included. Reconciliation of alternative key figures to IFRS and management’s discretion regarding items affecting comparability are presented in the table section of the Interim Report.

1 Brand sales are given as an alternative non-IFRS key figure, representing the reach of the Marimekko brand through different distribution channels. An unofficial estimate of sales of Marimekko products at consumer prices, brand sales are calculated by adding together the company’s own retail net sales and the estimated retail value of Marimekko products sold by other retailers. The estimated retail value is based on the company’s realized wholesale sales and licensing income. Brand sales do not include VAT, and the key figure is not audited. Some licensees provide exact retail figures, in which case these figures are used in reporting brand sales. For other licensing agreements, Marimekko’s own retail coefficients for different markets are used. Licensing income is reported as brand sales when licensed products are sold.

Tiina Alahuhta-Kasko, President and CEO, in conjunction with the report:

“Marimekko continued to progress well in its SCALE growth strategy in the third quarter in spite of the challenging market situation. Our own channels in Finland and other market areas developed well, and our international net sales grew. Our operating profit margin was at an excellent level.

Marimekko’s net sales for the third quarter were almost on a par with the record high achieved in the comparison period, amounting to EUR 47.2 million (47.9). As previously estimated, non-recurring promotional deliveries in the wholesale sales in Finland were lower than in the strong comparison period, which reduced net sales. On the other hand, net sales were increased by the positive development of retail sales in all market areas, especially Finland. Retail sales in the important domestic market grew by eight percent despite the continued challenging market situation. This speaks not only to the appeal of the Marimekko brand but also the excellent work done by everyone at Marimekko in constantly changing circumstances, which enables our commercial agility. Total net sales in Finland decreased by nine percent. International sales grew by nine percent in the third quarter, with wholesale sales growing in the Asia-Pacific region and Scandinavia, and retail sales developing well in all market areas.

Our comparable operating profit for July–September was EUR 11.1 million (13.1), and the comparable operating profit margin remained at an excellent level at 23.5 percent of net sales (27.4). Operating profit was affected particularly by higher fixed costs, which were due to planned investments in the brand marketing of the 60th anniversary of the Unikko print and increased personnel expenses, among other factors. Our financial position remained strong.

In January–September, our net sales grew by four percent and amounted to EUR 128.6 million (123.5). Our comparable operating profit came to EUR 22.7 million (23.7), representing 17.6 percent of net sales (19.2).

In our growth strategy, we have defined a sharpened creative vision to speak to a wider global audience as one of our success factors. One visible example of our long-term efforts to develop our brand and collections is our first denim collection Marimekko Maridenim, which arrived in stores in August. Marimekko Maridenim pieces complement our existing lifestyle assortment and they have been designed following the Ellen MacArthur Foundation’s Jeans Redesign Guidelines, which are based on the principles of a circular economy. Influencers and members of the Marimekko customer community came together around the world to see our first denim products at our impressive launch events organized for the new product category in locations such as Shanghai, Tokyo, New York and Helsinki. The Marimekko Maridenim collection has been enthusiastically received by consumers.

The 60th anniversary of the Unikko print, which has brought a special splash of color to the entire year, was again prominently featured in our marketing in the third quarter. At a fashion show held in Taipei in August, we celebrated the Unikko print, Marimekko Maridenim and the first store in Asia featuring our newest store concept. In September, the iconic print was in limelight during Helsinki Design Week at the Bar Unikko pop-up restaurant. The concept was a repeat of our very popular pop-up café at Milan Design Week earlier this year. The stunning Unikko design also plays the main role in the silver jewelry collection created in collaboration with Kalevala Jewelry, which arrived in stores in October. At the same time, our eyes are also on the future and at our show at Copenhagen Fashion Week in August, we presented our first collections for 2025 to a large audience of international media, influencers, buyers and friends of Marimekko.  

In the development of our omnichannel retail network, the most significant event in the third quarter concerned our new online store platform. Following a successful pilot carried out in the United States in the spring, the new platform was expanded to all of our other markets in September. The new platform enables our online store to simultaneously provide an even more personalized customer experience as well as plenty of opportunities for automation, among others. Our network of physical stores also developed, with a new Marimekko store opened in Shanghai and five pop-up stores around Asia, for example.  

In September, we organized our second Capital Markets Day, at which Marimekko's top management elaborated on the progress of the SCALE strategy during the first 18 months of the strategy period. At the event, the company also discussed the previously described growth and profitability drivers to achieve its long-term financial targets. Marimekko’s strong financial position and the positive development of the business provide us with excellent opportunities to continue our work to scale up our profitable growth and expand the Marimekko phenomenon and community around the world.”

Market outlook and growth targets for 2024

The uncertainties related to the development of the global economy, such as geopolitical tensions and their impact on the general economic situation, and general cost inflation influence consumer confidence, purchasing power and behavior and, as a result, can have an impact on Marimekko’s business in 2024, especially in the important domestic market of Finland. Different exceptional situations may cause even significant disruptions in production and logistics chains, and may thus have a negative impact on the company’s sales, profitability and cash flow.

Finland, Marimekko’s important domestic market, traditionally represents about half of the company’s net sales. Sales in Finland in 2024 are impacted by the weak general economy and low consumer confidence as well as the development of purchasing power and behavior. The tactical operating environment also has an impact on the business. The timing between quarters of the non-recurring promotional deliveries in Finnish wholesale sales and their size typically vary on an annual basis. In 2024, the non-recurring promotional deliveries in wholesale sales are expected to be significantly lower than in the comparable year and weighted clearly in the first half of the year. Despite the weak market situation, net sales in Finland are expected to be approximately at the level of the previous year.

International sales are estimated to grow in 2024. In the strategy period 2023–2027, Marimekko will focus on Asia as the most important geographical area for international growth. In 2024, net sales in the Asia-Pacific region, Marimekko’s second-largest market, are expected to increase. Japan is clearly the most significant country in this region to Marimekko and already has a very comprehensive network of Marimekko stores. All brick-and-mortar Marimekko stores and most online stores in Asia are partner-owned. In 2024, the aim is to open approximately 10–15 new Marimekko stores and shop-in-shops, and most of the planned openings will be in Asia.

Licensing income in 2024 is forecasted to be approximately at the previous year’s record level.

Because of the seasonal nature of Marimekko’s business, the major portion of the company’s euro-denominated net sales and operating result are traditionally generated during the second half of the year.

Marimekko develops its business with a long-term view and aims to scale its profitable growth in the upcoming years. In 2024, fixed costs are expected to be up on the previous year. The general cost inflation continues to also affect Marimekko in 2024. Personnel expenses are impacted, for example, by general pay increases in different markets. In 2024, Marimekko is celebrating the 60th anniversary of the Unikko pattern, which provides the company with a unique opportunity to grow international awareness through, for example, various events around the world. Marketing expenses are expected to increase (2023: EUR 9.5 million).

Early commitments to product orders from supplier partners, typical of the industry but partly further emphasized by the exceptional situations, undermine the company’s ability to optimize product orders and respond to rapid changes in demand and consumer behavior, which also increases risks related to sales, inventory management and relative profitability. The domestic non-recurring wholesale promotional deliveries also raise inventory risks. In addition, risk of delays in production and logistic chains is higher than usual and if realized, these kinds of delays can have an impact on the company’s sales and profitability. Marimekko works actively to ensure functioning production and logistics chains, to avoid delays, to mitigate the negative impacts of generally increased costs, and to enhance inventory management.

Marimekko is closely monitoring the general economic situation, the development of consumer confidence and purchasing power and the impacts of different exceptional situations, and the company will adjust its operations and plans according to the circumstances.

Media and investor conference

A media and investor conference will be held in English on 6 November 2024 at 2.00 p.m. EET. A live webcast of the conference can be followed at https://marimekko.videosync.fi/q3-2024, and a recording of the webcast will be available at the same address later. Questions can be asked during the live webcast in writing.

Further information:
Tiina Alahuhta-Kasko, President and CEO, tel. +358 9 758 71
Elina Anckar, CFO, tel. +358 9 758 7261

MARIMEKKO CORPORATION

Corporate Communications
Anna Tuominen
Tel. +358 40 5846944
anna.tuominen@marimekko.com

DISTRIBUTION:
Nasdaq Helsinki Ltd
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. In 2023, the company's net sales totaled EUR 174 million and comparable operating profit margin was 18.4 percent. Globally, there are roughly 170 Marimekko stores, and online store serves customers in 38 countries. The key markets are Northern Europe, the Asia-Pacific region and North America. The Group employs about 470 people. The company’s share is quoted on Nasdaq Helsinki Ltd. www.marimekko.com.

Attachment

• Marimekko Corporation Interim Report 1-9_2024

Marimekko Corporation, Stock Exchange Release, 6 November 2024 at 7.55 a.m. 

Change in Marimekko’s financial reporting dates in 2025 

Marimekko Corporation changes the publication date of its Half-year Financial Report for January–June 2025. The new publishing date is Thursday 14 August 2025. 

In 2025, Marimekko Corporation will publish financial information as follows: 

• Financial Statement Bulletin 2024 on Wednesday 19 February 2025 at 8.00 a.m. 

• Interim Report 1 January–31 March 2025 on Wednesday 14 May 2025 at 8.00 a.m. 

• Half-year Financial Report 1 January–30 June 2025 on Thursday 14 August 2025 at 8.00 a.m. 

• Interim Report 1 January–30 September 2025 on Friday 31 October 2025 at 8.00 a.m. 

Marimekko observes a silent period of 30 days prior to publishing of financial information. 

The company’s Financial Statements and the Report of the Board of Directors 2024 will be published in week 12, at the latest. 

Marimekko’s Annual General Meeting is planned to be held on Tuesday 15 April 2025 at 2 p.m. The notice to convene the Annual General Meeting will be given later by the Board of Directors. A shareholder may request that a matter falling within the competence of the General Meeting shall be placed on the agenda of the Annual General Meeting. To this effect, a written request should be sent to the Board of Directors on Wednesday 22 January 2025, at the latest. An announcement on the resolutions of the Annual General Meeting will be released after the meeting. 

MARIMEKKO CORPORATION 
Corporate Communications  

Anna Tuominen 
Tel. +358 40 5846944 
anna.tuominen@marimekko.com 

DISTRIBUTION: 
Nasdaq Helsinki Ltd 
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. In 2023, the company's net sales totaled EUR 174 million and comparable operating profit margin was 18.4 percent. Globally, there are roughly 170 Marimekko stores, and online store serves customers in 38 countries. The key markets are Northern Europe, the Asia-Pacific region and North America. The Group employs about 470 people. The company’s share is quoted on Nasdaq Helsinki Ltd. www.marimekko.com 

Marimekko Corporation, Press release 31 October 2024 at 11.00 a.m.

Release of Marimekko's Interim Report, 1 January–30 September 2024

Marimekko Corporation’s Interim Report 1 January–30 September 2024 will be published on Wednesday 6 November 2024 at 8.00 a.m. EET. The report and related materials will be available on the company’s website at https://company.marimekko.com/investors after the publication.

A media and investor conference will be held in English on 6 November 2024 at 2.00 p.m. EET. A live webcast of the conference can be followed at https://marimekko.videosync.fi/q3-2024, and a recording of the webcast will be available at the same address later. Questions can be asked during the live webcast in writing.

Additional information:
Anna Tuominen, Marimekko Communications
Tel. +358 40 584 6944
anna.tuominen@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. In 2023, the company's net sales totaled EUR 174 million and comparable operating profit margin was 18.4 percent. Globally, there are roughly 170 Marimekko stores, and online store serves customers in 35 countries. The key markets are Northern Europe, the Asia-Pacific region and North America. The Group employs about 470 people. The company’s share is quoted on Nasdaq Helsinki Ltd. www.marimekko.com

Marimekko and UNIQLO celebrate autumnal moments with limited-edition Fall/Winter 2024 collection

Marimekko Corporation, Press release, 22 October 2024, 9:00AM

Finnish design house Marimekko and global apparel retailer UNIQLO announce the launch of the UNIQLO x Marimekko Fall/Winter 2024 limited-edition collection. The collection draws inspiration from the rich nature in the Nordics with functional layering pieces for women and children, inviting us to enjoy moments in nature with family, friends and loved ones. The collaboration collection will be available in UNIQLO stores and online stores in markets where UNIQLO operates from 24 October 2024 onward. The launch date differs from country to country.

“We are excited to launch the Fall/Winter 2024 limited-edition collection, inspired by the Nordic tradition of fall foraging and moments in the forest spent with loved ones. This over-arching theme of joy and optimism is at the heart of Marimekko’s art of printmaking, and we are pleased to able the share this with a wide, global audience in collaboration with UNIQLO”, says Rebekka Bay, Creative Director at Marimekko.

“Marimekko prints are often inspired by nature, and for this collection we chose a selection of prints that would be perfect for crisp autumnal moments from sunrise to sunset. The latest UNIQLO x Marimekko collection includes items for both women and girls. We’re delighted that we have been able to collaborate on three seasons this year and hope that everyone enjoys the lineup over the beautiful seasons to come”, says Yukihiro Katsuta, Senior Executive Officer and Head of R&D for UNIQLO at Fast Retailing Group.

The lineup of women's and kids’ items introduce functional layering pieces in coordinated colors and matching patterns. This season’s collection features four distinctive Marimekko prints from leading designers Maija Isola and Annika Rimala: Seireeni, Kimalainen and Koppelo from Isola, and Suomu by Rimala. The collection includes warm and soft fleece cardigans, comfy lambswool knits as well as vivid accessories along with UNIQLO’s HEATTECH garments.

Limited-edition brand collaborations increase Marimekko’s international brand awareness and this way support Marimekko’s international growth strategy. In addition, brand collaboration collections typically generate licensing income to Marimekko. Licensing income from the collaboration with UNIQLO has been recognized as revenue for Marimekko in the Asia-Pacific region both in 2023 and 2024.

Photos: https://mediabank.marimekko.fi/l/sFB7ndp9pXBQ

Read more: https://www.marimekko.com/fi_en/collaborations/uniqlo-x-marimekko

Further information:
Leena Salomaa, Marimekko Communications
Tel. +358 9 758 7233
leena.salomaa@marimekko.com

DISTRIBUTION:
Key media

About Marimekko

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. In 2023, the company's net sales totaled EUR 174 million and comparable operating profit margin was 18.4 percent. Globally, there are roughly 170 Marimekko stores, and online store serves customers in 35 countries. The key markets are Northern Europe, the Asia-Pacific region and North America. The Group employs about 470 people. The company’s share is quoted on Nasdaq Helsinki Ltd. www.marimekko.com

About UNIQLO and Fast Retailing

UNIQLO is a brand of Fast Retailing Co., Ltd., a leading Japanese retail holding company with global headquarters in Tokyo, Japan. UNIQLO is the largest of eight brands in the Fast Retailing Group, the others being GU, Theory, PLST, Comptoir des Cotonniers, Princesse tam.tam, J Brand and Helmut Lang. With global sales of approximately 3.1 trillion yen for the 2024 fiscal year ending August 31, 2024 (US $21.39 billion, calculated in yen using the end of August 2024 rate of $1 = 144.9 yen), Fast Retailing is dedicated to creating great clothing with new and unique value to enrich the lives of people everywhere. Its corporate statement is Changing Clothes, Changing Conventional Wisdom. Change the World.

Today UNIQLO has a total of more than 2,500 UNIQLO stores across the world, including Japan, Asia, Europe and North America. For more information, visit www.uniqlo.com.

Marimekko, Press Release, 11 September 2024 at 10.00 AM

Marimekko will hold a Capital Markets Day for investors, financial analysts and financial media today, on 11 September 2024. The event, held in English, will start at 13:30 EEST and can be followed as a live webcast at https://marimekko.videosync.fi/cmd-2024.

During the event, Marimekko’s President and CEO Tiina Alahuhta-Kasko together with other members of top management will elaborate on the progress of Marimekko’s SCALE strategy for years 2023–2027. They will focus, in particular, on describing the most important growth drivers in the different market areas and their role in the company’s growth strategy. In addition, the management will discuss the enablers of international growth. In addition to Tiina Alahuhta-Kasko, members of the Management Group presenting at the event will include Rebekka Bay (Creative Director), Natacha Defrance (Senior Vice President, Sales, Region East), Mikki Inkeroinen (Chief Technology Officer), Noora Laurila (Senior Vice President, Sales, Region West) and Sanna-Kaisa Niikko (Chief Marketing Officer).

A recording of the event and the presentation materials of the Capital Markets Day will be available on the company website after the event.

More information:
Anna Tuominen, Communications and IR Director 
Tel. +358 40 5846944
anna.tuominen@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. In 2023, the company's net sales totaled EUR 174 million and comparable operating profit margin was 18.4 percent. Globally, there are roughly 170 Marimekko stores, and online store serves customers in 38 countries. The key markets are Northern Europe, the Asia-Pacific region and North America. The Group employs about 470 people. The company’s share is quoted on Nasdaq Helsinki Ltd. www.marimekko.com.