Marimekko Oyj

On January 28, 2025, Marimekko Corporation announced shareholder proposals for the Annual General Meeting on April 15, 2025, regarding the Board of Directors. Shareholders representing about 27% of shares propose electing six Board members: Massimiliano Brunazzo, Carol Chen, Mika Ihamuotila, Teemu Kangas-Kärki, Tomoki Takebayashi, and Marianne Vikkula. Most are independent, except Mika Ihamuotila due to his indirect shareholding. If elected, Mika Ihamuotila would be Chair and Teemu Kangas-Kärki Vice Chair. Remuneration would remain the same as in 2024, with a mix of cash and shares, and additional fees for committee work. Mika Ihamuotila would receive a monthly fee for half-time duty as Chair. Further details are available on Marimekko's website. Marimekko is a Finnish design company known for its unique prints, with significant sales and a global presence.

Marimekko Corporation has had its emission reduction targets approved by the Science Based Targets initiative, aligning with the UN Paris Climate Agreement. The company aims to reduce its greenhouse gas emissions by 2030, targeting a 42% reduction in scope 1 and 2 emissions and a 51.6% reduction in scope 3 emissions per million EUR value added, based on a 2022 baseline. Marimekko has been calculating its carbon footprint since 2019 and has already achieved a 70% reduction in scope 1 and 2 emissions by transitioning to renewable energy at its Helsinki headquarters and factory. The company is committed to sustainability as a strategic priority and will provide further details in its upcoming sustainability report. Founded in 1951, Marimekko is known for its distinctive designs and operates around 170 stores globally, with significant markets in Northern Europe, the Asia-Pacific region, and North America. In 2023, its net sales were EUR 174 million.

Marimekko Corporation released its interim report for January-September 2024, highlighting that its net sales in the third quarter were nearly at record levels despite lower non-recurring promotional deliveries. The operating profit margin remained strong. Marimekko expects its net sales for 2024 to grow from 2023 levels, with an estimated operating profit margin of 16-19%. The company faces uncertainties due to global supply chain disruptions, inflation, and consumer confidence, particularly in Finland. In Q3, international sales grew by 9%, with significant growth in the Asia-Pacific region and Scandinavia. However, total net sales in Finland decreased by 9%. Marimekko's financial position remains robust, with a focus on scaling profitable growth and expanding its brand globally. The company is celebrating the 60th anniversary of its Unikko print and launched its first denim collection, Marimekko Maridenim, which has been well-received. Marimekko's strategy for 2023-2027 emphasizes growth in Asia, with plans to open 10-15 new stores primarily in this region. The company is monitoring economic conditions and adjusting its operations accordingly. A media and investor conference will be held to discuss the report further.

Marimekko Corporation has announced a change in the publication date for its Half-year Financial Report for January–June 2025, moving it to August 14, 2025. In 2025, the company will observe a 30-day silent period before releasing financial information. The Financial Statements and the Report of the Board of Directors for 2024 will be available by week 12. The Annual General Meeting is scheduled for April 15, 2025, and shareholders can request agenda items by January 22, 2025. Marimekko is a Finnish lifestyle design company known for its distinctive prints and colors, offering products such as clothing, bags, accessories, and home décor. In 2023, the company reported net sales of EUR 174 million and an operating profit margin of 18.4%. Marimekko operates around 170 stores worldwide and serves 38 countries through its online store, focusing on markets in Northern Europe, the Asia-Pacific region, and North America. The company employs approximately 470 people and its shares are listed on Nasdaq Helsinki Ltd.

Marimekko Corporation will publish its Interim Report for the period from January 1 to September 30, 2024, on November 6, 2024, at 8:00 a.m. EET. The report and related materials will be accessible on the company's website. A media and investor conference in English will take place on the same day at 2:00 p.m. EET, with a live webcast available for viewing. Questions can be submitted in writing during the webcast. Marimekko, a Finnish lifestyle design company known for its distinctive prints and colors, offers products including clothing, bags, accessories, and home décor. In 2023, the company reported net sales of EUR 174 million and a comparable operating profit margin of 18.4%. Marimekko operates approximately 170 stores worldwide and has an online presence in 35 countries, with key markets in Northern Europe, the Asia-Pacific region, and North America. The company employs about 470 people and is listed on Nasdaq Helsinki Ltd.

Marimekko and UNIQLO have launched a limited-edition Fall/Winter 2024 collection inspired by Nordic nature, featuring functional layering pieces for women and children. The collection, available in UNIQLO stores and online starting October 24, 2024, showcases prints by designers Maija Isola and Annika Rimala, including fleece cardigans, lambswool knits, and HEATTECH garments. This collaboration enhances Marimekko's global brand awareness and supports its international growth strategy, while generating licensing income. Marimekko, a Finnish design company known for its prints and colors, reported net sales of EUR 174 million in 2023. UNIQLO, part of Japan's Fast Retailing Group, operates over 2,500 stores worldwide, with fiscal 2024 sales of approximately 3.1 trillion yen.

Marimekko will host a Capital Markets Day for investors, financial analysts, and media on 11 September 2024. The event will be conducted in English, starting at 13:30 EEST, and can be viewed via a live webcast. Marimekko’s President and CEO Tiina Alahuhta-Kasko, along with other top management members, will discuss the progress of the company’s SCALE strategy for 2023–2027, focusing on key growth drivers and international expansion enablers. Presenters will include Rebekka Bay, Natacha Defrance, Mikki Inkeroinen, Noora Laurila, and Sanna-Kaisa Niikko. A recording and presentation materials will be available on the company’s website post-event. Marimekko, a Finnish lifestyle design company known for its distinctive prints and colors, reported net sales of EUR 174 million in 2023 and operates around 170 stores globally. The company’s share is listed on Nasdaq Helsinki Ltd.

Marimekko Corporation has announced its schedule for financial reporting and the Annual General Meeting (AGM) for 2025. The financial reports will be published on the following dates: Financial Statement Bulletin 2024 on February 19, Interim Report for Q1 on May 14, Half-year Financial Report on August 13, and Interim Report for Q3 on October 31. A silent period will be observed 30 days prior to each publication. The Financial Statements and the Report of the Board of Directors for 2024 will be released by week 12. The AGM is planned for April 15, 2025, and shareholders can request agenda items by January 22, 2025. Resolutions from the AGM will be announced afterward. Marimekko, a Finnish lifestyle design company known for its unique prints and colors, reported net sales of EUR 174 million in 2023 and operates around 170 stores worldwide. The company is listed on Nasdaq Helsinki Ltd.