Marimekko Oyj New (MKKOF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, ladies and gentlemen. My name is Anna Tuominen. I'm the IRO of Marimekko. Thank you for joining us today. We have the opportunity to hear our president and CEO, Tiina Alahuta-Kasko, in a few minutes to go through Marimekko's Q4 and full year results from 2025. And after that, we have reserved some time for Q&A with Tiina and our CFO, Elina Ankar, answering your questions. You can type in your questions using the chat function already during the presentation, and then we'll start going through them after we first heard Tiina's wise words. Tiina, please go ahead. Thank you so much, Anna, and good afternoon, everyone. It's my pleasure to share with you a few words about Mare Mekko's results in 2025. So let's get started with the fourth quarter of the year. As it pertains to our business development in the last quarter of the year, of course, the market situation continued to be challenging, but despite of that, our net sales grew from the comparison period's record level, fueled by our international sales, and our operating profit margin was at a good level. Altogether, our net sales in the fourth quarter grew by 1% and totaled €54.7 million. Our net sales were driven especially by increased retail and wholesale sales in the Asia-Pacific region, in spite of the globally uncertain market situation and the weak consumer confidence. In total, our international sales increased by 5%. Net sales in our home market in Finland were down by just 1% as retail sales declined in the environment that in Finland remained highly price sensitive and tactical. Then, as it pertains our profitability, our comparable operating profit totaled €8.8 million, equaling to 16.1% of net sales. It was decreased by higher fixed costs, while then improved relative sales margin and in...