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Marimekko Q3 revenue slightly beats estimates on international sales

By Reuters News


Overview

  • Finland lifestyle design firm's Q3 revenue rose 3% yr/yr, slightly beating analyst expectations

  • Q3 EBITDA beat analyst estimates, supported by improved relative sales margin

  • Domestic sales declined due to price-sensitive market; international sales grew 16% yr/yr


Outlook

  • Marimekko expects 2026 net sales to grow from 2025 (EUR 189.6 mln)

  • Company estimates 2026 comparable operating profit margin at 16–19% (2025: 17.1%)

  • Net sales in Finland expected to decrease in 2026; international sales seen growing


Result Drivers

  • INTERNATIONAL SALES - Growth in wholesale and retail sales across all international markets boosted Q3 results

  • IMPROVED SALES MARGIN - Higher relative sales margin contributed positively to operating profit

  • INCREASED FIXED COSTS - Higher fixed costs weighed on operating profit


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Slight Beat*

EUR 52.10 mln

EUR 51.75 mln (4 Analysts)

Q3 EPS

EUR 0.25

Q3 Net Income

EUR 10.20 mln

Q3 EBIT

Slight Beat*

EUR 12.70 mln

EUR 12.58 mln (4 Analysts)

Q3 EBITDA

Beat

EUR 15.50 mln

EUR 15.20 mln (3 Analysts)

Q3 EBIT Margin

24.40%

*Applies to a deviation of less than 1%; not applicable for per-share numbers.


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the apparel & accessories peer group is "buy"

  • Wall Street's median 12-month price target for Marimekko Oyj is €11.50, about 24.3% above its November 3 closing price of €9.25

  • The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 15 three months ago


Reuters Recommended Reads

  • Nov 2 - Finnish soundproof office pod maker Framery's Q3 boosted by N.America demand

  • Nov 3 - Zalando Q3 revenue slightly beats estimates on B2B expansion

  • Nov 3 - Online fashion retailer Boozt Q3 revenue rises on wider assortment


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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