Fashion

Marimekko of Finland outlines long-term financial goals



The board of directors of Marimekko Corporation, a Finnish fashion and textile company, has decided on new long-term financial goals for the company, enhancing its goal of developing net sales and operating profit margins. equivalent. Furthermore, Marimekko will also focus on scaling profitable growth in the next strategic period.

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

New long-term financial goals include 15% annual net revenue growth (previous: over 10%), equivalent operating margin of 20% (previous: 15%), ratio net debt on EBITDA up to year 2 end (unchanged) and intention to pay annual dividends; the percentage of earnings per share divided by a dividend of at least 50 percent (constant).

The board of directors of Marimekko Corporation, a Finnish fashion and textile company, has decided on new long-term financial goals for the company, enhancing its goal of developing net sales and operating profit margins. equivalent. Furthermore, Marimekko will also focus on scaling profitable growth in the next strategic period.

Fiber2 fashion news desk (RR)




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