Marimekko: Solid margin and international growth - Evli
This is a third party research report and does not necessarily reflect our views or values
Marimekko's first quarter beat our estimates on both revenue and profitability, driven by an improved relative sales margin and stronger-than-expected international growth outside APAC, which came in as flagged. Domestic net sales were flat as wholesale promotional deliveries exceeded our estimate, offsetting weaker retail.