Marimekko Oyj New (MKKOF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon. My name is Anna Tuominen and I'm the IRO of Marimekko and it is my pleasure to welcome you to our second quarter results webcast. Before we begin, just a few practicalities. At the end of the session we will have some time for questions and answers and you can use the chat function on the web platform to pose your questions already during the presentations. We'll take them at the end. With me I have our president and CEO, Tiina Alahuhta-Kasko. In a short while Tina will go through our Q2 results and after that our CFO Elina Anckar will join us for the Q&A session. Without further ado, Tiina, please go ahead. Thank you, Anna, and good afternoon, everybody. And it's my pleasure to walk you through our half-year financial report. So let's get started. When it comes to our second quarter, our net sales were nearly at previous year's record level, driven by strong growth in the APAC region. Our operating profit was behind the comparison period. Overall, our net sales in the second quarter landed at 43.9 million euros. The operating environment continued as uncertain due to the geopolitical and trade policy tensions, which reflects in consumer confidence in many countries. Net sales were weakened by a decrease in our domestic retail sales in a challenging market situation due to certain sales campaigns performing weaker than expected. Then again, on the other hand, our net sales were boosted by the excellent development of our retail sales in all international market areas. In total, our international sales increased by 7%. The strongest growth came from the Asia-Pacific region. Net sales in Finland decreased by 7% due to the retail sales declining. As to our profitability, our comparable operating profit totaled 5.1 million euros, equaling to 11.7% of net ...