Marimekko Oyj New (MKKOF) Q1 2026 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.402 -- 00:00:05.487 Good afternoon. My name is Anna Tuominen. I'm the IRO of Marimekko, and it is 00:00:05.487 -- 00:00:09.791 my pleasure to welcome you to our Q1 results webcast. 00:00:09.791 -- 00:00:14.295 In a short while, Tiina will go through our latest results, and after that, we'll have 00:00:14.295 -- 00:00:18.859 time for your questions. You can ask your questions during the webcast using the chat 00:00:18.859 -- 00:00:23.924 function at the platform, either during the presentation or shortly after that, and 00:00:23.924 -- 00:00:28.548 we'll have Tiina and our CFO, Elina Anka, to answer those. 00:00:28.548 -- 00:00:30.187 But without further ado, 00:00:30.187 -- 00:00:31.749 Siina, please go ahead. 00:00:31.749 -- 00:00:34.452 Thank you, Anna. And good afternoon, everyone. 00:00:34.452 -- 00:00:39.318 It is, again, my pleasure to walk you through our results now for the first quarter of 00:00:39.318 -- 00:00:45.082 2026. So how did Marimekko's Q1 2026 00:00:45.144 -- 00:00:46.726 go? 00:00:46.726 -- 00:00:51.732 It went well. Despite the continued challenging market situation, our 00:00:51.732 -- 00:00:56.477 net sales grew driven by growth in international 00:00:56.477 -- 00:01:00.443 sales and our operating profit improved. 00:01:00.443 -- 00:01:06.050 Our net sales in the first quarter increased in total by 5% and totaled 41.4 00:01:06.050 -- 00:01:11.077 million euros. And the net sales were boosted, especially by the increased 00:01:11.077 -- 00:01:14.601 wholesale sales, both in Scandinavia and in Finland. 00:01:14.601 -- 00:01:19.728 Our international sales altogether increased by 9%, as retail sales 00:01:19.728 -- 00:01:24.454 grew in all and wholesale sales in nearly all international market areas. 00:01:24.454 -- 00:01:28.220 Ou...