Fashion
Marimekko Q3 FY20 sales rise 10% to €38 mn
16 Dec `20
2 min read
Marimekko, a Finnish lifestyle design company, has announced its third quarter (Q3) financial results for fiscal 2020 ended on September 30. Despite the challenging situations, company’s sales rose 10 per cent to €38.0 million compared to sales of €34.5 million in the same period last year. Company’s earnings were up €8.0 million (Q3 FY19: €6.4 million).
Marimekko, a Finnish lifestyle design company, has announced its third quarter (Q3) financial results for fiscal 2020 ended on September 30. Despite the challenging situations, company`s sales rose 10 per cent to €38.0 million compared to sales of €34.5 million in the same period last year. Company`s earnings were up €8.0 million (Q3 FY19: €6.4 million).#
“Wholesale sales and prompt adjustment measures helped Marimekko increase its net sales and improve its results in a challenging operating environment. Continued strong online sales supported retail sales as the pandemic kept affecting customer numbers of brick-and-mortar stores,” Tiina Alahuhta-Kasko, president and CEO at Marimekko, said in a press release.
Marimekko, a Finnish lifestyle design company, has announced its third quarter (Q3) financial results for fiscal 2020 ended on September 30. Despite the challenging situations, company`s sales rose 10 per cent to €38.0 million compared to sales of €34.5 million in the same period last year. Company`s earnings were up €8.0 million (Q3 FY19: €6.4 million).#
Sales in Finland increased 17 per cent to €22.9 million while international sales grew 2 per cent to €15.0 million (€14.7 million).
Marimekko, a Finnish lifestyle design company, has announced its third quarter (Q3) financial results for fiscal 2020 ended on September 30. Despite the challenging situations, company`s sales rose 10 per cent to €38.0 million compared to sales of €34.5 million in the same period last year. Company`s earnings were up €8.0 million (Q3 FY19: €6.4 million).#
Company’s EBITDA for the quarter was €13.6 million (€11.0 million). Operating profit was €10.5 million (€7.8 million) during Q3 FY20.
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