Finnish firm Marimekko`s Q2 sales rise as shoppers return to stores

Fashion

20 Aug `21

2 min read

Marimekko, a Finnish lifestyle design company, posted 40 per cent sales rise to €32.7 million in second quarter (Q2) of FY21 ended on June 30, 2021, driven by favourable trend in retail and wholesale sales in Finland as well as increased wholesale sales in Asia-Pacific region and Scandinavia. Operating profit grew to €5.5 million (Q2 FY20: €2.7 million).

Marimekko, a Finnish lifestyle design company, posted 40 per cent sales rise to €32.7 million in second quarter (Q2) of FY21 ended on June 30, 2021, driven by favourable trend in retail and wholesale sales in Finland as well as increased wholesale sales in Asia-Pacific region and Scandinavia. Operating profit grew to €5.5 million (Q2 FY20: €2.7 million).#

“Nearly all Marimekko’s own stores were open (during Q2) and footfall increased significantly compared to the previous year, when the situation was highly exceptional and Marimekko’s own stores – and many partner-owned stores – were temporarily closed for part of the quarter due to the coronavirus pandemic,” Tiina Alahuhta-Kasko, president and CEO at Marimekko, said in a press release.

Marimekko, a Finnish lifestyle design company, posted 40 per cent sales rise to €32.7 million in second quarter (Q2) of FY21 ended on June 30, 2021, driven by favourable trend in retail and wholesale sales in Finland as well as increased wholesale sales in Asia-Pacific region and Scandinavia. Operating profit grew to €5.5 million (Q2 FY20: €2.7 million).#

The company said its EBITDA for the three-month period was €8.5 million (€5.8 million), while net earnings increased to €4.1 million (€2.2 million). Finland sales in Q2 FY21 escalated 61 per cent, and international sales were up 20 per cent.

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