Last €9.82 EUR
Change Today -0.40 / -3.91%
Volume 3.6K
As of 11:29 AM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

marimekko oyj (MMO1V) Snapshot

Open
€9.80
Previous Close
€10.22
Day High
€10.00
Day Low
€9.80
52 Week High
08/16/13 - €11.38
52 Week Low
02/7/14 - €9.75
Market Cap
79.4M
Average Volume 10 Days
4.0K
EPS TTM
€-0.12
Shares Outstanding
8.1M
EX-Date
04/24/14
P/E TM
--
Dividend
€0.25
Dividend Yield
2.55%
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.

502 Employees
Last Reported Date: 04/2/14
Founded in 1951

marimekko oyj (MMO1V) Top Compensated Officers

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Executives, Board Directors

marimekko oyj (MMO1V) Key Developments

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.

Marimekko Corporation Proposes Dividend for the Year 2013, Payable on May 7, 2014; Reports Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2013; Provides Earnings Guidance for the Year 2014

The board of directors of Marimekko Corporation will propose to the annual general meeting that a dividend of EUR 0.25 per share be paid for 2013. The board will propose April 28, 2014 as the dividend record date, and May 7, 2014 as the dividend payout date. The company reported consolidated earnings results for the fourth quarter and year ended December 31, 2013. For the quarter, the company reported net sales of EUR 25,465,000 against EUR 25,748,000 a year ago. Operating loss was EUR 564,000 against operating income of EUR 13,000 a year ago. Loss before taxes was EUR 896,000 against EUR 295,000 a year ago. Net loss was EUR 546,000 against EUR 339,000 a year ago. Basic and diluted loss per share was EUR 0.07 against EUR 0.04 per loss per share a year ago. For the year, the company reported net sales of EUR 94,007,000 against EUR 88,471,000 a year ago. Operating income was EUR 82,000 against operating income of EUR 2,019,000 a year ago. Loss before taxes was EUR 804,000 against profit before taxes of EUR 1,413,000 a year ago. Net loss was EUR 955,000 against net income of EUR 1,100,000 a year ago. Basic and diluted loss per share was EUR 0.12 against EUR 0.14 per earnings per share a year ago. Cash flow from operating activities was EUR 5,424,000 against EUR 8,605,000 a year ago. Investments in tangible and intangible assets was EUR 2,353,000 against EUR 7,572,000 a year ago. Negative return on equity was 3.4% against return on equity of 3.5% a year ago. For the year 2014, the company expects group's net sales to grow by 3-8% relative to 2013. Operating profit excluding nonrecurring items is estimated at EUR 4-8 million.

Marimekko Corporation to Open New Marimekko Stores

Marimekko Corporation experiencing a dynamic phase of internationalisation. In 2014, the main thrust in expansion will be on openings of retailer-owned Marimekko stores and shop-in-shops. The aim is to open a total of 15-25 new Marimekko stores and shop-in-shops. Of these, 1-3 would be company-owned stores. Also, the company will concentrate on enhancing the operations of company-owned stores opened in recent years and improving their profitability.

 

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MMO1V

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Valuation MMO1V Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.8x
Price/Book 3.0x
Price/Cash Flow 19.4x
TEV/Sales 0.7x
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