The Finnish textile provider Marimekko Corporation was able to achieve growth in sales and profits in the 2024 financial year. This was not least due to record results in the fourth quarter. According to the annual report published on Wednesday, management expects a further increase in revenue for 2025, according to the annual report published on Wednesday.
In the fourth quarter, Marimekko’s net profit increases by 20 percent
In the final quarter of the past year, sales amounted to 54.0 million euros. In doing so, he exceeded the level of the same period of the previous year by seven percent and was as high as never before in the company’s history.
In the Finnish home market, the proceeds rose by three percent to 31.3 million euros, in the international business they laid the remaining markets of the EMEA (+12 percent) and in the Asian-Pacific region thanks to double-digit growth in Scandinavia (+20 percent), the remaining markets of the region (+12 percent) and in the international business. +11 percent) even by 13 percent to 22.7 million euros.
Because the company was able to improve its margins, the operational result grew by 13 percent to 9.1 million euros. The net profit reached a height of 7.3 million euros in the fourth quarter, which corresponded to an increase of 20 percent compared to the same period in the previous year.
Management expects further sales growth for 2025
In the entire financial year 2024, sales were therefore 182.6 million euros. He exceeded the previous year’s level by five percent. The operational profit remained almost unchanged at 31.4 million euros, the net result increased by three percent to 24.4 million euros.
For 2025, the company now expects a further increase in sales. The operational margin, which was adjusted for special effects, is expected to achieve 16 to 19 percent last year. However, management warned of continued volatile framework conditions and referred to the difficult to foreseen development of consumption mood and purchasing power in Finland as well as “general uncertainties” and possible disorders in the supply chains.