Finnish design company Marimekko`s Q1 FY21 sales grow 17% to €29 mn

Fashion

Finnish design company Marimekko`s Q1 FY21 sales grow 17% to €29 mn

28 Jun `21

2 min read

Marimekko, a Finnish lifestyle design company, has posted 17 per cent sales increase to €29.1 million in its first quarter (Q1) of FY21 ended on March 31, 2021, compared to the sales of €24.9 million in the corresponding period of previous fiscal. The company’s net earnings for the reported quarter rose to €4.4 million (Q1 FY20: €0.2 million).

Marimekko, a Finnish lifestyle design company, has posted 17 per cent sales increase to €29.1 million in its first quarter (Q1) of FY21 ended on March 31, 2021, compared to the sales of €24.9 million in the corresponding period of previous fiscal. The company`s net earnings for the reported quarter rose to €4.4 million (Q1 FY20: €0.2 million).#

 

“Successful wholesale sales in particular contributed to an increase in our net sales in the first quarter. International sales grew markedly. Thanks to higher net sales, a stronger relative sales margin and reduced fixed costs, our results improved significantly,” Tiina Alahuhta-Kasko, president and CEO at Marimekko, said in a press release.

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