Finland's Marimekko Q1 revenue rises 5%, beats estimates

Marimekko Oyj

13/05/2026 06:12

Overview

Finland lifestyle design firm's Q1 revenue rose 5%, beating analyst expectations

Q1 EBIT and EBITDA both beat analyst estimates

Growth driven by higher wholesale sales in Scandinavia and Finland, international sales up 9%

Outlook

Marimekko expects 2026 net sales to grow from 2025's EUR 189.6 mln

Company estimates 2026 comparable operating profit margin at 16–19%

Marimekko expects net sales in Finland and Asia-Pacific to increase in 2026

Result Drivers

INTERNATIONAL SALES GROWTH - Co said international sales rose 9%, with retail sales up 20% and wholesale sales increasing in nearly all international markets

SCANDINAVIA AND FINLAND WHOLESALE - Higher wholesale sales in Scandinavia and Finland boosted net sales, per CEO Tiina Alahuhta-Kasko

IMPROVED SALES MARGIN - Improved relative sales margin contributed to higher operating profit, according to the company

Company press release: ID:nGNE5496zR

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
EUR 41.4 mln
EUR 40.12 mln (5 Analysts)
Q1 EPS
EUR 0.10
Q1 Net Income
EUR 4.1 mln
Q1 EBIT
Beat
EUR 5.1 mln
EUR 4.28 mln (5 Analysts)
Q1 EBITDA
Beat
EUR 7.8 mln
EUR 6.75 mln (4 Analysts)
Q1 EBIT Margin
12.4%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the apparel & accessories peer group is "hold."

Wall Street's median 12-month price target for Marimekko Oyj is €12.75, about 31.6% above its May 12 closing price of €9.69

The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 19 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)