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Marimekko: Anniversary year turning into an earnings party

MEKKOResearch21.05.2021 klo 13.20
Petri KajaaniAnalyst
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Marimekko’s Q1 clearly exceeded the comparison period and market expectations. Last week, the company raised its 2021 guidance, which together with the strong Q1 resulted in us raising our 2021 operating profit estimate by 14%. The Marimekko brand is attractive to consumers and the company has been able to raise its competitiveness to an excellent level. Q1 was very promising, and we expect the company to generate its strongest result ever in honor of its 70th anniversary.

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Marimekko is a textile and clothing company. The range includes clothing, bags, accessories and household items ranging from upholstery fabrics to porcelain. The products are sold through physical stores under the company's brand throughout the global market, primarily in Europe, North America and Asia. Marimekko was founded in 1951 and is headquartered in Helsinki.

Read more on company page

Key Estimate Figures21.05.2021

202021e22e
Revenue123.6142.9155.5
growth-%-1.5 %15.7 %8.8 %
EBIT (adj.)20.223.623.0
EBIT-% (adj.)16.3 %16.5 %14.8 %
EPS (adj.)0.360.450.44
Dividend0.200.320.32
Dividend %2.2 %3.4 %3.4 %
P/E (adj.)25.321.121.7
EV/EBITDA11.510.510.3

Forum discussions

Here are Make’s takeaways on Meko Among other things, he believes that the valuation is reasonable, but in his opinion, the company’s position...
8/16/2026, 6:47 AM
by Sijoittaja-alokas
4
Almanakka has been writing about Marimekko following its Q2 results Sijoitustieto.fi Marimekko Q2/26: Rima alas, sateenvarjo ylös Q1:n jälkeen...
8/15/2026, 7:00 AM
by Sijoittaja-alokas
8
I often come across discussions about Marimekko’s quality, so I used AI to dig up the complaint rates for different years. The target is ≤0....
8/14/2026, 8:42 AM
by TurskaSaavi
8
Rauli has published a new company report based on the second quarter Marimekko’s Q2 results fell short of expectations and the comparison period...
8/14/2026, 5:58 AM
by Sijoittaja-alokas
7
Rauli interviewed Marimekko’s CEO Tiina Alahuhta-Kasko Topics: 00:00 Introduction 00:08 Key highlights of Q2 0:36 Domestic retail sales 02:26...
8/13/2026, 2:11 PM
by Sijoittaja-alokas
8
A considerable number of tourists visit Helsinki and other parts of Finland in the summer. It would be interesting to know how much of this ...
8/13/2026, 9:50 AM
by Alvaraallonpoika 27051
3
In Finland, we have actually seen growth in recent years (though very slight in 2023-25, and there may be a small decline in 2026), and it’s...
8/13/2026, 8:01 AM
by Rauli_Juva
15