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Last €10.50 EUR
Change Today +0.06 / 0.57%
Volume 5.2K
MMO1V On Other Exchanges
As of 11:29 AM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

marimekko oyj (MMO1V) Snapshot

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52 Week High
04/9/15 - €10.94
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12/18/14 - €8.54
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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.

479 Employees
Last Reported Date: 03/18/15
Founded in 1951

marimekko oyj (MMO1V) Top Compensated Officers

Chairman of the Board, Chief Executive Office...
Total Annual Compensation: €409.0K
Compensation as of Fiscal Year 2013.

marimekko oyj (MMO1V) Key Developments

Marimekko Corporation Approves Dividend for the Financial Year 2014, Payable on April 20, 2015; Elects Mikko-Heikki Inkeroinen as a New Board Member

The General Meeting of Marimekko Corporation approved the Board of Directors’ proposal to pay a dividend of EUR 0.35 per share for the 2014 financial year. The dividend will be paid to shareholders who are registered on the dividend payout record date of 13 April 2015 in the company’s Shareholder Register kept by Euroclear Finland Ltd. The dividend payout date is 20 April 2015. The company also approved the election of Mikko-Heikki Inkeroinen as a new Board member.

Marimekko Corporation Proposes Dividend for the Year 2014, Payable on April 20, 2015

The Board of Directors of Marimekko Corporation proposed to the Annual General Meeting to be held on April 9, 215, that a dividend of EUR 0.35 per share be paid for the year 2014. The dividend will be paid to shareholders who are registered on the dividend payout record date of April 13, 2015 in the company's shareholder register held by Euroclear Finland Ltd. The board of directors proposed April 20, 2015 as the dividend payout date.

Marimekko Corporation Announces Management Changes, Effective April 9, 2015

Mr. Pekka Lundmark, the Chairman of the Board of Directors of Marimekko Corporation since 2008, has informed the company that he will no longer be available for re-election in Marimekko’s Board at the Annual General Meeting of Shareholders to be held on 9 April 2015. In connection with this, Mr. Mika Ihamuotila, the current President and CEO and Vice Chairman of the Board, has announced that he will be available for election as the Chairman of the Board and that he will step down from his position as the President of Marimekko. On 11 February 2015, the Board of Directors of Marimekko resolved to appoint Ms. Tiina Alahuhta-Kasko (b. 1981) as the new President of Marimekko. She has acted as the Chief Operating Officer (COO) of Marimekko since 2014 and has also since 2011 held the position of Chief Marketing Officer (CMO) and been a member of Marimekko’s Management Group. Tiina Alahuhta-Kasko, M. Sc. (Econ.), CEMS MIM, joined Marimekko in 2005. Following her new appointment, the tasks of COO will be included in the duties of the President and hence a new COO will not be appointed. The Board of Directors of Marimekko simultaneously decided on a full-time executive service agreement with Mika Ihamuotila regarding his role as CEO. His duties will include, e.g., responsibility for the development of Marimekko’s strategy and its implementation together with the President and the Management Group, as well as an active senior role in managing the company’s financial affairs and stakeholder relations. Furthermore, Mika Ihamuotila will have a senior role in developing leadership within the Marimekko Group. Ihamuotila’s executive agreement or his duties thereunder are not dependent on his position as a member or Chairman of Marimekko’s Board of Directors. Both appointments will enter into force on 9 April 2015 as of the close of the Annual General Meeting of Shareholders. In the event that Mika Ihamuotila is also elected the Chairman of the Board of Directors, his title and position will be Chairman and CEO. Tiina Alahuhta-Kasko, as President, will act as the chairman of Marimekko’s Management Group as of 9 April 2015. The responsibilities of the members of the Management Group will otherwise remain unchanged. To discuss significant strategic matters, the Management Group will convene under the chairmanship of the CEO at regular intervals. As part of revising Marimekko’s governance structure, the Board of Directors has resolved that an Audit and Remuneration Committee will be established. All members of the committee will be independent of Marimekko and its major shareholders. The first Audit and Remuneration Committee will be elected from among its members by the new Board of Directors elected by the Annual General Meeting of Shareholders to be held on 9 April 2015. In addition to tasks typically assigned to audit and remuneration committees and supervision, the Audit and Remuneration Committee will handle and prepare matters relating to the terms and remuneration of Marimekko’s executive management.


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Price/Earnings 18.6x
Price/Sales 0.8x
Price/Book 2.6x
Price/Cash Flow 9.1x
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