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Last €9.50 EUR
Change Today 0.00 / 0.00%
Volume 4.5K
MMO1V On Other Exchanges
As of 11:29 AM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

marimekko oyj (MMO1V) Snapshot

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04/9/15 - €10.94
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marimekko oyj (MMO1V) Details

Marimekko Oyj operates as a clothing and textile company worldwide. It offers clothes for adults and children; interior decoration products, including cotton and linen fabric curtains, bedspreads, cushion covers, wall-hangings, and tablecloths, as well as flame-retardant Trevira CS curtain fabrics; kitchen and tabletop products, and bed linen and bathroom textiles; and classical and seasonal bags, and umbrellas, as well as accessories. The company sells its products through a network of its own retail stores, retailer-owned Marimekko stores, specialist shops, and department stores under the Marimekko brand. Marimekko Oyj was founded in 1951 and is headquartered in Helsinki, Finland.

445 Employees
Last Reported Date: 05/12/15
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 Announces Resignation of Thomas Ekström as CFO, Effective October 30, 2015

Marimekko Corporation’s CFO Thomas Ekström is resigning his position to continue his career outside Marimekko in another sector. He will leave Marimekko on October 30, 2015.

Marimekko Announces Executive Changes

Lasse Lindqvist, M.Sc., has been appointed as Marimekko’s chief marketing officer (CMO) and member of the management group as of 10 August 2015. As CMO, Lasse Lindqvist succeeds Tiina Alahuhta-Kasko who, alongside acting as the president of Marimekko, has so far also been in charge of the company’s marketing. Lasse Lindqvist acts as a business and brand strategy consultant for the McCann advertising agency in New York. He has previously worked at Nokia Corporation as director of marketing strategy, being also responsible for the company’s brand strategy. He also served for several years as a consultant for McKinsey & Company in different parts of the world.

Marimekko Corporation Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Reaffirms Earnings Guidance for the Year 2015

Marimekko Corporation announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net sales of EUR 20,135,000 against EUR 19,376,000 a year ago. Operating loss was EUR 1,325,000 against EUR 1,748,000 a year ago. Loss before taxes was EUR 1,192,000 against EUR 1,820,000 a year ago. Net loss was EUR 1,095,000 against EUR 1,498,000 a year ago. Basic and diluted loss per share calculated on the result attributable to equity holders of the parent company was EUR 0.14 against EUR 0.19 a year ago. Cash flow used in operating activities was EUR 1,639,000 or 0.20 per share against EUR 2,219,000 or EUR 0.27 per share a year ago. Negative return on equity was 15.4% compared to 22.8% a year ago. LBITDA was EUR 0.3 million against EUR 0.7 a year ago. Net sales were increased by the additional sales of stores opened in 2014 and in the early months of 2015. Operating result was decreased by the considerable expenses related to the closure of the Beverly Hills store and by a downturn in the sales margins on wholesale sales. The full-year estimate for 2015 is unchanged: Based on the market outlook, estimated sales development in the company's market areas, especially in Finland, the company's growth targets as well as other estimated factors, the Marimekko Group's year 2015 net sales are forecast to be at the same level as in 2014 or lower. Operating profit excluding nonrecurring items in 2015 is estimated to be lower than in 2014.


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Price/Earnings 17.4x
Price/Sales 0.8x
Price/Book 2.8x
Price/Cash Flow 9.0x
TEV/Sales 0.7x

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