Finland’s Marimekko raises his long-term financial goals

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The board of directors of Marimekko Corporation, a Finnish fashion and textile company, decided on new long-term financial goals for the company, raising targets for net sales development and comparable operating profit margin. Additionally, Marimekko will also focus on scaling up its profitable growth in the next strategic period.

At the same time, the board set a direction for Marimekko’s next strategic period from 2023 to 2027, during which the company will focus on scaling the business and growing its Marimekko, especially in international markets, as described in a separate statement. Marimekko will detail new long-term financial goals and strategic direction on the company’s first-ever capital markets day on September 14, 2022, the company said in a press release.

New long-term financial goals include annual net sales growth of 15% (formerly: over 10%), comparable operating profit margin of 20% (formerly: 15%), net debt to EBITDA at the end of year maximum 2 (unchanged) and the intention is to pay an annual dividend; percentage of earnings per share allocated to dividends at least 50% (unchanged).

The board of directors of Marimekko Corporation, a Finnish fashion and textile company, decided on new long-term financial goals for the company, raising targets for net sales development and comparable operating profit margin. Additionally, Marimekko will also focus on scaling up its profitable growth in the next strategic period.

Fibre2Fashion (RR) Press Office


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