Marimekko Oyj (OHEL:MEKKO)
€ 12.18 0.66 (5.73%) Market Cap: 494.16 Mil Enterprise Value: 494.65 Mil PE Ratio: 21.01 PB Ratio: 7.24 GF Score: 95/100
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Q4 2023 Marimekko Oyj Earnings Call Transcript

Feb 15, 2024 / 12:00PM GMT
Release Date Price: €12.28 (-6.76%)
Anna Tuominen
Marimekko Oyj - Director of Communcations & IR

Good afternoon. My name is Anna Tuominen, and I'm the IR of Marimekko, and it is my pleasure to welcome you to Marimekko's full-year '23 result webcast. In just a few minutes, our President and CEO, Tiina Alahuhta-Kasko, will walk you through our latest results. And after that, we'll have a Q&A session with Tiina and our CFO, Elina Anckar. (Event Instructions)

Without further ado, Tiina, please go ahead.

Tiina Alahuhta;Kasko
Marimekko Oyj - President & CEO

Thank you, Anna, and good afternoon also on my behalf. It's my pleasure to walk you through Marimekko's financial statements 2023. But let's start first from the fourth quarter, the last quarter of the year. How did we do? Well, we did well as our net sales grew and our operating profit improved further.

In total, our net sales increased by 5% boosted by international sales that grew by 10% as especially wholesale sales developed favorably both in the Asia Pacific region and North America, and also

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