The Finnish textile supplier Marimekko Corporation was able to achieve growth in sales and operating profit in the second quarter of the 2023 financial year. According to an interim report published on Thursday, this was mainly due to good business in Asia and America.
Overall, group sales in the period from April to June reached a level of EUR 40.3 million and thus exceeded the level of the same quarter of the previous year by six percent. In the Finnish home market, revenues fell by three percent to 22.2 million euros, which was more than offset by an increase of 21 percent to 18.1 million euros in international business.
Marimekko achieved the most significant growth in the Asia-Pacific region, where sales increased by 28 percent to 8.8 million euros, and in North America. Quarterly sales there increased by 28 percent to EUR 2.6 million. In the Scandinavian foreign markets, revenues were 3.0 million euros and thus one percent above the corresponding level of the previous year, in the other countries of the EMEA region, which includes Europe, the Middle East and Africa, they grew by 19 percent to 3.8 Million Euros.
Thanks to the increase in sales and higher margins, the operating result rose by 16 percent to 6.6 million euros. At EUR 4.8 million, net profit was at the same level as in the same period of the previous year.
In the entire first half of the year, group sales amounted to EUR 75.6 million, which means an increase of two percent compared to the first six months of 2022. Net profit fell by 27 percent to 7.2 million euros.