Marimekko Reports Q1 Net Sales of €35.3 Million, Plans to Focus on Asian Market

5月 21, 2023

On May 16th, Finnish fashion brand Marimekko released key financial data for the first quarter of the fiscal year 2023. Net sales declined by 2% year-on-year to €35.3 million due to weak consumer demand in Finland and a downturn in the wholesale channel performance in the EMEA (Europe, Middle East, and Africa) region caused by a decrease in licensing income. Operating profit also dropped by 43% to €3.8 million, primarily due to a significant decline (-71%) in licensing income and increased fixed costs.
Marimekko’s President and CEO, Tiina Alahuhta-Kasko, stated, “In the fi …