Home / Knowledge / News / Textiles / Q2 operating result soars 200% at Marimekko
Q2 operating result soars 200% at Marimekko
12
Aug '16
Courtesy: Marimekko
Courtesy: Marimekko
Operating result for the three months ended June 30, 2016 soared 200 per cent to €0.9 million from €0.3 million in the same quarter of the previous year at Marimekko Corporation.

According to the Finnish home textiles retailer, operating result was boosted by a lower cost level, growth in retail sales in Finland and Australia as well as increased royalties in North America.

“But, a drag was exerted on operating result by a decrease in relative wholesale margins combined with the timing of large wholesale deliveries in the first quarter of the year, unlike in 2015,” the company said.

Net sales remained unchanged at €23.5 million in the reporting quarter as against €23.4 million. Net sales were supported by strong retail sales in Finland and Australia and a rise in royalties in North America.

Marimekko forecast net sales for 2016 to be at the same level as in 2015, but operating profit excluding restructuring costs is expected to be higher than in the previous year. (AR)

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 25th May 2017

Huntsman and Clariant to have merger of equals

Huntsman Corporation and Clariant have announced that their boards of ...

Courtesy: CBRE

Apparel/Garments | On 25th May 2017

European cities preferred for retailer expansion: CBRE

European cities were the preferred new destination for international...

Apparel/Garments | On 25th May 2017

Guess records $458.6 million revenue for Q1 2018

For the first quarter of fiscal 2018, the net revenue of American...

Interviews View All

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search