Marimekko keeps 2026 outlook, sets 3-5 year goal for 10% annual sales growth

Marimekko kept its 2026 outlook unchanged after second-quarter net sales of EUR 43.9 million nearly matched the prior year's record EUR 44.5 million, with Asia-Pacific and other international markets offsetting weaker retail demand in Finland. Second-quarter operating profit fell to EUR 4.7 million from EUR 6.3 million and comparable operating profit to EUR 5.1 million from EUR 6.5 million as higher fixed costs and slightly lower sales weighed on earnings. After the review period, the board set new medium-term financial goals for the next 3 to 5 years, targeting 10% annual net sales growth and a 20% comparable operating profit margin, while leaving unchanged the long-term goals set in 2022, including 15% annual net sales growth, year-end net debt to EBITDA of no more than 2, and a dividend intention of at least 50% of earnings per share.

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