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Marimekko net sales rise by 8% to EUR 77.3mn

24 Jan '08

3 min read

In 2007, the Marimekko Group's net sales rose by 8% to EUR 77.3 million (EUR 71.4 million). Operating profit fell by 3% to EUR 10.5 million (EUR 10.9 million). Profit after taxes for the financial year totalled EUR 7.7 million (EUR 8.0 million).

Earnings per share were EUR 0.96 (EUR 1.00). The Board of Directors will propose to the Annual General Meeting that a dividend of EUR 0.65 per share be paid for 2007. In the 2008 financial year, growth in the Group's net sales as well as the Group's relative profitability are estimated to remain at 2007 levels.

ACCOUNTING PRINCIPLES FOR THE FINANCIAL STATEMENT BULLETIN
The 2007 financial statement bulletin has been prepared in accordance with IFRS recognition and measurement principles, and applying the same accounting policies as for the 2006 financial statements. The information presented in this financial statement bulletin has not been audited.

NET SALES
In 2007, the Marimekko Group's net sales increased by 8.2% to EUR 77,264 thousand (EUR 71,424 thousand). In Finland, net sales rose by 5.6% to EUR 56,826 thousand (EUR 53,826 thousand). Exports and income from international operations increased by 16.1% and totalled EUR 20,438 thousand (EUR 17,598 thousand). Exports and income from international operations accounted for 26.5% (24.6%) of the Group's net sales.

The breakdown of the Group's net sales by product line was as follows: clothing, 38.9%, interior decoration, 46.3%, and bags, 14.8%. Net sales by market area were: Finland, 73.5%, the other Nordic countries, 11.1%, the rest of Europe, 6.1%, North America, 5.3%, and other countries (Japan and other regions outside Europe and North America), 4.0%.

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