Last €9.72 EUR
Change Today 0.00 / 0.00%
Volume 30.0
MMO1V On Other Exchanges
Symbol
Exchange
Helsinki
As of 3:03 AM 08/1/14 All times are local (Market data is delayed by at least 15 minutes).

marimekko oyj (MMO1V) Snapshot

Open
€9.72
Previous Close
€9.72
Day High
€9.72
Day Low
€9.72
52 Week High
08/16/13 - €11.38
52 Week Low
04/25/14 - €9.13
Market Cap
78.6M
Average Volume 10 Days
537.8
EPS TTM
€-0.17
Shares Outstanding
8.1M
EX-Date
04/24/14
P/E TM
--
Dividend
€0.25
Dividend Yield
2.57%
Current Stock Chart for MARIMEKKO OYJ (MMO1V)

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marimekko oyj (MMO1V) Details

Marimekko Corporation operates as a textile and clothing design company in Finland and internationally. The company designs, manufactures, and markets clothes, interior decoration textiles, bags, and other accessories under the Marimekko brand. It offers clothes comprising dresses and skirts, shirts, T-shirts, knitwear, trousers, jackets, nightwear, coats, shoes, and socks for women; shirts, and accessories, such as ties and pocket scarf’s for men; and dresses, shirts, socks, trousers, and hats for kids. The company also provides interior decoration products, such as cooking, setting, and dining products for kitchen; bed linens, pillowcases, and throws for bedrooms; seats and cushions, blankets, and art fabrics for living room; towels, bath rugs, shower curtains, bath robes, slippers, and accessories for bathrooms; containers and hangers for storage; towels, dish sets, cover and pillow cases, bibs, and suitcases; notebooks, pad sets, notepads, annual calendar, calendar cover, gift tags, and letter sets; and cotton, upholstery, coated, outdoor, and Trevira CS fabrics. In addition, it offers shoulder bags, totes, purses and clutches, backpacks, cosmetic bags, pencil pouches, and coin purses, as well as accessories consisting of jewelry, umbrellas, scarves, and hats. The company sells its products to approximately 40 countries through a network of its own retail stores, retailer-owned Marimekko stores, and shop-in-shops. It operates 108 stores. The company was founded in 1951 and is headquartered in Helsinki, Finland.

476 Employees
Last Reported Date: 05/8/14
Founded in 1951

marimekko oyj (MMO1V) Top Compensated Officers

Chairman of Management Board, Vice Chairman, ...
Total Annual Compensation: €409.0K
Compensation as of Fiscal Year 2013.

marimekko oyj (MMO1V) Key Developments

Marimekko Corporation Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014; Reiterates Earnings Guidance for the Year 2014

Marimekko Corporation announced unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported net sales were EUR 19,376,000 against EUR 20,710,000 a year ago. Operating loss was EUR 1,748,000 against EUR 1,290,000 a year ago. Loss before taxes was EUR 1,820,000 against EUR 1,255,000 a year ago. Net loss was EUR 1,498,000 against EUR 1,129,000 a year ago. Basic and diluted loss per share calculated on the result attributable to equity holders of the parent company was EUR 0.19 against EUR 0.14 a year ago. Cash flow used in operating activities was EUR 2,219,000 or 0.27 per share against EUR 2,296,000 or EUR 0.28 per share a year ago. Negative return on equity was 22.8% compared to 15.3% a year ago. Negative return on investment was 18.1% compared to 10.8% a year ago. The decline in net sales is explained partly by a change in the rhythm of deliveries for wholesale: a large proportion of the products in the spring 2014 collection were delivered as early as December 2013, unlike the previous practice. LBITDA was EUR 0.7 million against EUR 0.2 a year ago. Earnings trend is typically weak in the first quarter of the year as net sales are seasonally low relative to operating expenses. However, operating result excluding nonrecurring items was an improvement on the figure for the same period in the previous year due to action taken last year to enhance profitability. The forecast for the whole of 2014 remains unchanged: On the basis of general market prospects, the company's growth targets and the agreed reorganisations, the net sales of the Group in 2014 are forecast to grow by 3-8% relative to 2013. Operating profit excluding nonrecurring items is estimated at EUR 4 to 8 million.

Marimekko Corporation Approves Dividend for the Year 2013, Payable on May 7, 2014; Appoints Catharina Stackelberg-Hammarén to its Board of Directors

Marimekko Corporation held its Annual General Meeting held on April 23, 2014. At the meeting the shareholders approved the Board of Directors’ proposal to pay a dividend of EUR 0.25 per share for the 2013 financial year. The dividend will be paid to shareholders who are registered on the dividend payout record date of April 28, 2014 in the company’s Shareholder Register kept by Euroclear Finland Ltd. The dividend payout date is May 7, 2014. The company appointed Catharina Stackelberg-Hammarén was elected to the Board of Directors as new member. Their term of office ends at the conclusion of the next Annual General Meeting.

Marimekko Corporation Appoints Anna Teurnell as New Creative Director and Member of Management Group as of 15 July 2014

Anna Teurnell has been appointed as the new Creative Director of Marimekko Corporation and member of the company's management group as of 15 July 2014. Anna Teurnell is currently Head of Design for the fashion brand & Other Stories with responsibility for the design of all fashion lines and leading the design teams in Paris and Stockholm. Anna Teurnell will lead the company's design team and be responsible for the company's design strategy for fashion, bags and accessories as well as home products. Minna Kemell-Kutvonen, previous Creative Director of Marimekko, will continue in the design team with responsibility for print design.

 

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Valuation MMO1V Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.8x
Price/Book 3.0x
Price/Cash Flow 20.7x
TEV/Sales 0.7x
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