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Herttoniemi textile-printing factory's production up - Marimekko
29 Jan '07
3 min read
In 2006, the Marimekko Group's net sales rose by 6% to EUR 71.4 million (EUR 67.2 million). Operating profit fell by 5% to EUR 10.9 million (EUR 11.4 million). Profit after taxes for the financial year decreased by 5% to EUR 8.0 million (EUR 8.4 million).
Earnings per share were EUR 1.00 (EUR 1.05). The Board of Directors will propose to the Annual General Meeting that a dividend of EUR 0.65 per share be paid for 2006. Net sales growth in 2007 is expected to be at the same level as in 2006. Profitability is estimated to remain good.
The boom in the global economy continued in 2006. Economic trends were favourable in all of Marimekko's key market areas. In Finland, consumers' confidence in the development of their own finances remained good and consumption demand strengthened. Growth in the retail trade continued in Finland in 2006, although it slowed towards the end of the year.
December sales fell noticeably short of growth targets, and slower price increases weakened retail profitability. In the January-November period of 2006, retail sales of clothing in Finland grew by 3.7% (Association of Textile and Footwear Importers and Wholesalers). Sales of womenswear rose by 3.4%, menswear by 4.5%, and childrenswear by 3.3%. Bag sales grew by 12.4%.
Clothing - In 2006, net sales of clothing rose by 3.1% to EUR 30,309 thousand (EUR 29,411 thousand). Sales in Finland fell slightly, but trends were extremely favourable in exports and sales increased well in all key markets. The briskest growth was seen in the United States and the market area referred to as "other countries". A notable pick-up in growth on the previous year was also seen in the market area referred to as "the rest of Europe". Exports and income from international operations accounted for 19.8% of net sales of clothing.
Earnings per share were EUR 1.00 (EUR 1.05). The Board of Directors will propose to the Annual General Meeting that a dividend of EUR 0.65 per share be paid for 2006. Net sales growth in 2007 is expected to be at the same level as in 2006. Profitability is estimated to remain good.
The boom in the global economy continued in 2006. Economic trends were favourable in all of Marimekko's key market areas. In Finland, consumers' confidence in the development of their own finances remained good and consumption demand strengthened. Growth in the retail trade continued in Finland in 2006, although it slowed towards the end of the year.
December sales fell noticeably short of growth targets, and slower price increases weakened retail profitability. In the January-November period of 2006, retail sales of clothing in Finland grew by 3.7% (Association of Textile and Footwear Importers and Wholesalers). Sales of womenswear rose by 3.4%, menswear by 4.5%, and childrenswear by 3.3%. Bag sales grew by 12.4%.
Clothing - In 2006, net sales of clothing rose by 3.1% to EUR 30,309 thousand (EUR 29,411 thousand). Sales in Finland fell slightly, but trends were extremely favourable in exports and sales increased well in all key markets. The briskest growth was seen in the United States and the market area referred to as "other countries". A notable pick-up in growth on the previous year was also seen in the market area referred to as "the rest of Europe". Exports and income from international operations accounted for 19.8% of net sales of clothing.
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