Marimekko
11.08
EUR
-1.77 %
MEKKO
NASDAQ Helsinki
Personal Goods
Consumer Goods & Services
Marimekko is a textile and clothing company. The range includes clothes, bags, accessories, and household items that touch on everything from furniture fabrics to porcelain. The products are sold via physical stores under the company's brand worldwide, mainly in Europe, North America and Asia. Marimekko was originally founded in 1951 and is headquartered in Helsinki.
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Major OwnersSource: Millistream Market Data AB
Owner | Capital | Votes |
---|---|---|
PowerBank Ventures Ltd (Mika Ihamuotila) | 12.5 % | 12.5 % |
Ilmarinen Mutual Pension Insurance Company | 4.9 % | 4.9 % |
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Insider Transactions
Insider | Date | Total value |
---|---|---|
Kari Härkönen | 17.02.2022 | 37,186EUR |
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Income statement
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Revenue | 123.6 | 152.2 | 166.5 | 174.1 | 181.1 | 193.4 | 207.2 | 221.3 |
growth-% | -1.5 % | 23.2 % | 9.4 % | 4.6 % | 4.0 % | 6.8 % | 7.1 % | 6.8 % |
EBITDA | 31.9 | 43.1 | 39.9 | 40.6 | 40.8 | 44.3 | 49.0 | 52.9 |
EBIT (adj.) | 20.2 | 31.2 | 30.4 | 32.0 | 31.9 | 34.8 | 39.3 | 43.1 |
EBIT | 19.3 | 31.2 | 30.2 | 31.4 | 31.5 | 34.8 | 39.3 | 43.1 |
Profit before taxes | 17.6 | 30.7 | 29.2 | 29.7 | 30.6 | 33.8 | 38.3 | 42.5 |
Net income | 13.8 | 24.4 | 22.8 | 23.6 | 24.3 | 26.9 | 30.5 | 33.8 |
EPS (adj.) | 0.36 | 0.60 | 0.56 | 0.60 | 0.61 | 0.66 | 0.75 | 0.83 |
growth-% | 12.0 % | 66.8 % | -5.7 % | 5.6 % | 1.8 % | 8.8 % | 13.4 % | 10.9 % |
Dividend | 0.20 | 0.72 | 0.34 | 0.37 | 0.60 | 0.60 | 0.66 | 0.71 |
Dividend ratio | 59.0 % | 120.2 % | 60.6 % | 63.6 % | 100.5 % | 90.8 % | 88.0 % | 85.0 % |
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Profitability and return on capital
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
EBITDA-% | 25.8 % | 28.3 % | 24.0 % | 23.3 % | 22.5 % | 22.9 % | 23.6 % | 23.9 % |
EBIT-% (adj.) | 16.3 % | 20.5 % | 18.2 % | 18.4 % | 17.6 % | 18.0 % | 19.0 % | 19.5 % |
EBIT-% | 15.7 % | 20.5 % | 18.2 % | 18.0 % | 17.4 % | 18.0 % | 19.0 % | 19.5 % |
ROE | 30.2 % | 39.8 % | 36.4 % | 39.0 % | 34.5 % | 35.2 % | 37.9 % | 38.8 % |
ROI | 23.4 % | 32.5 % | 31.5 % | 33.4 % | 31.9 % | 34.7 % | 37.5 % | 39.0 % |
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Valuation
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Share price (EUR) | 9.11 | 16.94 | 8.60 | 11.99 | 11.08 | 11.08 | 11.08 | 11.08 |
Shares | 40.6 | 40.6 | 40.6 | 40.6 | 40.6 | 40.6 | 40.6 | 40.6 |
Market cap | 370.1 | 688.6 | 349.6 | 487.4 | 450.4 | 450.4 | 450.4 | 450.4 |
Enterprise value | 367.0 | 661.1 | 350.9 | 483.3 | 437.9 | 436.3 | 433.1 | 429.1 |
EV/S | 3.0 | 4.3 | 2.1 | 2.8 | 2.4 | 2.3 | 2.1 | 1.9 |
EV/EBITDA | 11.5 | 15.3 | 8.8 | 11.9 | 10.7 | 9.9 | 8.8 | 8.1 |
EV/EBIT (adj.) | 18.2 | 21.2 | 11.5 | 15.1 | 13.7 | 12.5 | 11.0 | 10.0 |
EV/EBIT | 19.0 | 21.2 | 11.6 | 15.4 | 13.9 | 12.5 | 11.0 | 10.0 |
P/E (adj.) | 25.4 | 28.3 | 15.2 | 20.1 | 18.2 | 16.8 | 14.8 | 13.3 |
P/E | 26.9 | 28.3 | 15.3 | 20.6 | 18.5 | 16.8 | 14.8 | 13.3 |
P/B | 7.1 | 9.8 | 6.3 | 7.4 | 6.0 | 5.8 | 5.4 | 5.0 |
P/S | 3.0 | 4.5 | 2.1 | 2.8 | 2.5 | 2.3 | 2.2 | 2.0 |
Dividend yield | 2.2 % | 4.3 % | 4.0 % | 3.1 % | 5.4 % | 5.4 % | 6.0 % | 6.4 % |
Equity ratio | 45.7 % | 52.7 % | 48.3 % | 53.3 % | 60.4 % | 59.1 % | 60.2 % | 61.7 % |
Gearing ratio | -6.1 % | -39.2 % | 2.3 % | -6.2 % | -16.6 % | -18.2 % | -20.7 % | -23.5 % |
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Quarter data
Q4/23 | 2023 | Q1/24 | Q2/24 | Q3/24 | Q4/24e | 2024e | Q1/25e | Q2/25e | |
---|---|---|---|---|---|---|---|---|---|
Revenue | 50.6 | 174.1 | 37.7 | 43.6 | 47.3 | 52.5 | 181.1 | ||
EBITDA | 10.5 | 40.6 | 7.4 | 8.4 | 13.4 | 11.5 | 40.8 | ||
EBIT | 8.1 | 31.4 | 5.1 | 6.1 | 11.1 | 9.2 | 31.5 | ||
Profit before taxes | 7.9 | 29.7 | 4.9 | 5.9 | 10.6 | 9.0 | 30.6 | ||
Net income | 6.2 | 23.6 | 3.9 | 4.7 | 8.5 | 7.2 | 24.3 |
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INTERIM REPORT OF MARIMEKKO, 1 Jan – 30 Sept 2024: Marimekko’s net sales in Q3 nearly at the record level of the comparison period despite the timing of non-recurring promotional deliveries, operating profit margin remains excellent
Change in Marimekko’s financial reporting dates in 2025
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