Last €10.16 EUR
Change Today +0.26 / 2.63%
Volume 589.0
MMO1V On Other Exchanges
Symbol
Exchange
Helsinki
As of 11:29 AM 01/30/15 All times are local (Market data is delayed by at least 15 minutes).

marimekko oyj (MMO1V) Snapshot

Open
€10.00
Previous Close
€9.90
Day High
€10.19
Day Low
€10.00
52 Week High
08/19/14 - €10.50
52 Week Low
12/18/14 - €8.54
Market Cap
82.2M
Average Volume 10 Days
3.2K
EPS TTM
€0.28
Shares Outstanding
8.1M
EX-Date
04/24/14
P/E TM
36.3x
Dividend
€0.25
Dividend Yield
2.46%
Current Stock Chart for MARIMEKKO OYJ (MMO1V)

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marimekko oyj (MMO1V) Details

Marimekko Corporation operates as a textile and clothing design company in Finland and internationally. The company designs, manufactures, and markets clothes, interior decoration textiles, bags, and other accessories under the Marimekko brand. It offers clothes comprising dresses and skirts, shirts, T-shirts, knitwear, trousers, jackets, nightwear, coats, shoes, and socks for women; shirts, and accessories, such as ties and pocket scarf’s for men; and dresses, shirts, socks, trousers, and hats for kids. The company also provides interior decoration products, such as cooking, setting, and dining products for kitchen; bed linens, pillowcases, and throws for bedrooms; seats and cushions, blankets, and art fabrics for living room; towels, bath rugs, shower curtains, bath robes, slippers, and accessories for bathrooms; containers and hangers for storage; towels, dish sets, cover and pillow cases, bibs, and suitcases; notebooks, pad sets, notepads, annual calendar, calendar cover, gift tags, and letter sets; and cotton, upholstery, coated, outdoor, and Trevira CS fabrics. In addition, it offers shoulder bags, totes, purses and clutches, backpacks, cosmetic bags, pencil pouches, and coin purses, as well as accessories consisting of jewelry, umbrellas, scarves, and hats. The company sells its products to approximately 40 countries through a network of its own retail stores, retailer-owned Marimekko stores, and shop-in-shops. It operates 108 stores. The company was founded in 1951 and is headquartered in Helsinki, Finland.

456 Employees
Last Reported Date: 11/6/14
Founded in 1951

marimekko oyj (MMO1V) Top Compensated Officers

Vice Chairman, Chairman of Management Board, ...
Total Annual Compensation: €409.0K
Compensation as of Fiscal Year 2013.

marimekko oyj (MMO1V) Key Developments

Marimekko Oyj Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Year 2014; Announces Expansion of Retailer-Owned Marimekko Stores

Marimekko Oyj announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net sales of EUR 26,811,000 against EUR 24,875,000 a year ago. Operating profit was EUR 4,875,000 against EUR 3,093,000 a year ago. Result before taxes was EUR 5,103,000 against EUR 2,883,000 a year ago. Net result for the period was EUR 4,002,000 against EUR 1,794,000 a year ago. Basic and diluted earnings per share calculated on the result attributable to equity holders of the parent company were EUR 0.49 against EUR 0.22 a year ago. EBITDA was EUR 5,900,000 against EUR 4,200,000 a year ago. EBITDA excluding nonrecurring items was EUR 5,900,000 against EUR 4,200,000 a year ago. Cash flow from operating activities was EUR 4,400,000 against EUR 2,600,000 a year ago. For the nine months, the company reported net sales of EUR 68,061,000 against EUR 68,542,000 a year ago. Operating profit was EUR 3,646,000 against EUR 645,000 a year ago. Result before taxes was EUR 3,759,000 against EUR 91,000 a year ago. Net result for the period was EUR 2,864,000 against negative net results of EUR 410,000 a year ago. Basic and diluted earnings per share calculated on the result attributable to equity holders of the parent company was EUR 0.35 against basic and diluted loss per share of EUR 0.05 a year ago. Cash flow from operating activities was EUR 3,545,000 against EUR 393,000 a year ago. Return on equity (ROE) was 14.0% against negative return on equity of 1.9% a year ago. Return on investment was 13.8% against 0.9% a year ago. EBITDA was EUR 6,900,000 against EUR 4,300,000 a year ago. EBITDA excluding nonrecurring items was EUR 7,500,000 against EUR 5,500,000 a year ago. In January-September 2014, the group's net sales fell by 1% relative to the same period last year. The decline in net sales is explained by a downturn in the company's wholesale sales in North America, Scandinavia and EMEA and a fall in retail sales in Finland. The decrease in wholesale sales was partly due to a change in the rhythm of deliveries in the first quarter of the year. In the July-September period, net sales grew by 8%; sales were boosted by one-time promotions in Finland and earlier timing of wholesale deliveries for winter collections in September. In 2014, the main thrust in expansion is on openings of retailer-owned Marimekko stores. The number of new stores has been confirmed as 19, 10 of which are in the Asia-Pacific region. Four of the stores opened the year 2014 are company-owned stores. Furthermore, the company will concentrate on developing the operations of company-owned stores opened in recent years and on improving the overall profitability of business. The company provided earnings guidance for the year 2014. For the year, the company announced the planned total investments for 2014, are estimated at roughly EUR 3 million. The majority of investments will be directed at building new store premises and purchasing new furniture. On the basis of general market prospects, the company's growth targets and the agreed reorganizations, the net sales of the Marimekko Group in 2014 are forecast to be approximately at the same level as in 2013. Operating profit excluding nonrecurring items is estimated at EUR 4 million to 8 million.

Marimekko Reports Unaudited Earnings Results for Nine Months Ended September 2014; Revised Earnings Outlook for the Year 2014

Marimekko reported unaudited earnings results for nine months ended September 2014. For the period, the company’s net sales were EUR 68.1 million against EUR 68.5 million a year ago. Operating profit excluding nonrecurring items was EUR 4.3 million against EUR 2.1 million a year ago. The company revised earnings outlook for the year 2014. For the period, the company currently expects net sales to be approximately at the same level as in 2013. Operating profit excluding nonrecurring items is estimated at EUR 4 million to EUR 8 million. Previously, the company expects Group’s net sales would grow by 3% to 8% relative to 2013.

Marimekko Corporation Appoints Tiina Alahuhta-Kasko as Chief Operating Officer as of August 20, 2014

Marimekko Corporation announced that Tiina Alahuhta-Kasko, Chief Marketing Officer of Marimekko, has been appointed as the company’s Chief Operating Officer (COO) as of August 20, 2014. The position is new, and its objective is to tie the operations of the company together so that the products represent Marimekko's brand more strongly and are aligned with the company’s strategy all the way from the drawing board to the consumer. The company also aims to make this process faster and more efficient. Tiina Alahuhta-Kasko will remain in charge of Marimekko’s marketing. She joined the company in 2005, and she has held the position of Chief Marketing Officer since 2011. The responsibilities of the members of the Management Group will otherwise remain unchanged.

 

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MMO1V

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Valuation MMO1V Industry Range
Price/Earnings 31.7x
Price/Sales 0.8x
Price/Book 2.7x
Price/Cash Flow 10.5x
TEV/Sales 0.7x
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