Marimekko: Anniversary year turning into an earnings party
Marimekko’s Q1 clearly exceeded the comparison period and market expectations. Last week, the company raised its 2021 guidance, which together with the strong Q1 resulted in us raising our 2021 operating profit estimate by 14%. The Marimekko brand is attractive to consumers and the company has been able to raise its competitiveness to an excellent level. Q1 was very promising, and we expect the company to generate its strongest result ever in honor of its 70th anniversary.
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Marimekko
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.
Read more on company pageKey Estimate Figures21.05.2021
2020 | 21e | 22e | |
---|---|---|---|
Revenue | 123.6 | 142.9 | 155.5 |
growth-% | -1.48 % | 15.68 % | 8.79 % |
EBIT (adj.) | 20.2 | 23.6 | 23.0 |
EBIT-% (adj.) | 16.32 % | 16.53 % | 14.79 % |
EPS (adj.) | 1.80 | 2.25 | 2.18 |
Dividend | 1.00 | 1.60 | 1.60 |
Dividend % | 2.20 % | 14.13 % | 14.13 % |
P/E (adj.) | 25.32 | 5.04 | 5.19 |
EV/EBITDA | 11.48 | 2.37 | 2.25 |