Marimekko posts sales of €124 mn in FY20

Fashion

22 Feb `21

2 min read

Marimekko, a Finnish lifestyle design company, has announced its financial results for fiscal 2020 ended on December 31, 2020. Company’s sales decreased 1 per cent to €123.6 million compared to the sales of €125.4 million in the previous fiscal. However, Marimekko’s net earnings for FY20 grew 6 per cent to €13.8 million (FY19: €13.0 million).

Marimekko, a Finnish lifestyle design company, has announced its financial results for fiscal 2020 ended on December 31, 2020. Company`s sales decreased 1 per cent to €123.6 million compared to the sales of €125.4 million in the previous fiscal. However, Marimekko`s net earnings for FY20 grew 6 per cent to €13.8 million (FY19: €13.0 million).#

“In spite of the challenging operating environment, our net sales for 2020 were almost on a par with the previous year, with both online sales and wholesale sales performing well,” Tiina Alahuhta-Kasko, president and CEO at Marimekko, said in a press release.

Marimekko, a Finnish lifestyle design company, has announced its financial results for fiscal 2020 ended on December 31, 2020. Company`s sales decreased 1 per cent to €123.6 million compared to the sales of €125.4 million in the previous fiscal. However, Marimekko`s net earnings for FY20 grew 6 per cent to €13.8 million (FY19: €13.0 million).#

“Due to the pandemic, most Marimekko stores around the world were temporarily closed in the first or second quarter, and the pandemic noticeably reduced footfall during the second half of the year as well. Net sales were weakened especially by a decline in retail sales in Finland, North America and Scandinavia as well as a decrease in wholesale sales in the Asia-Pacific region,” Alahuhta-Kasko said.

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