Marimekko Oyj (OTCPK:MKKOF)

$ 13 0.578 (4.65%) Market Cap: 521.89 Mil Enterprise Value: 522.40 Mil PE Ratio: 20.47 PB Ratio: 7.30 GF Score: 95/100

Q1 2021 Marimekko Oyj Earnings Call Transcript

May 20, 2021 / NTS GMT

Release Date Price: $5.82

Transcript

Anna Tuominen

Marimekko Oyj - IR

Good afternoon, ladies and gentlemen. My name is Anna Tuominen, I'm the IRO of Marimekko. I have the pleasure to invite soon here, Tiina Alahuhta-Kasko, our President and CEO, to present our Q1 results for this year. After Tiina's presentation, we'll have time for Q&A. (Event Instructions) But now, without further ado, Tiina, please go ahead.

Tiina Alahuhta;Kasko

- President & CEO

Thank you, Anna, and good afternoon, everyone. It is my pleasure today to open up the first quarter results of our 70th anniversary year of 2021, and let's get started. I have to say, I'm personally extremely proud of our Marimekko team, that in the first quarter of our 70th anniversary year, we together, succeeded to make a significant result improvement in the yet still challenging situation. As we know, the coronavirus pandemic still continues to heavily impact the fashion industry, but even still, at Marimekko, we were able to grow our net sales by 17%, driven by international sales that increased by 29%. Especially the

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