Finland's Marimekko raises long-term financial goals

The board of directors of Marimekko Corporation, a Finnish fashion and textile company, have decided on the new long-term financial goals for the company, raising the targets for net sales development and comparable operating profit margin. Moreover, Marimekko will also focus on scaling its profitable growth during the next strategy period.

At the same time, the board has set a direction for Marimekko’s next strategy period of 2023–2027, during which the company will focus on scaling the Marimekko business and growth especially in international markets, as described in a separate release. Marimekko will elaborate on the new long-term financial goals and strategic direction at the company’s first-ever Capital Markets Day on September 14, 2022, the company said in a press release.

The new long-term financial goals include annual growth in net sales 15 per cent (earlier: over 10 per cent), comparable operating profit margin 20 per cent (earlier: 15 per cent), ratio of net debt to EBITDA at year end maximum 2 (unchanged) and the intention is to pay a yearly dividend; percentage of earnings per share allocated to dividends at least 50 per cent (unchanged).