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2011-02-01 08:45:00 CET 2011-02-01 08:45:04 CET REGULATED INFORMATION Marimekko - Company AnnouncementADVANCE INFORMATION ABOUT MARIMEKKO'S 2010 EARNINGS - OPERATING PROFIT FOR 2010 BETTER THAN ANTICIPATEDMarimekko Corporation, Stock exchange release 1 February 2011 at 9.45 AM ADVANCE INFORMATION ABOUT MARIMEKKO'S 2010 EARNINGS - OPERATING PROFIT FOR 2010 BETTER THAN ANTICIPATED In 2010, the Marimekko Group's net sales were EUR 73,297 thousand (EUR 72,473 thousand) and operating profit was EUR 8,169 thousand (EUR 6,291 thousand). The figures are preliminary and non-audited. In its interim report published on 4 November 2010, Marimekko estimated that the Group's net sales for 2010 would be approximately at the same level as in 2009. The company repeated its operating profit estimate for 2010, revised on 25 October 2010, according to which operating profit was expected to be better than in 2009 (EUR 6,291 thousand) and slightly better than the 2009 operating profit excluding non-recurring items (EUR 6,803 thousand). In its last interim report, Marimekko also stated that, due to the seasonal nature of its business, the major portion of the company's net sales and earnings were traditionally generated during the last two quarters of the year and that, in the last quarter, a significant share of sales was accounted for by retail sales. Operating profit for the full year 2010 was higher than anticipated due to a slightly better-than-expected trend in wholesale sales in Finland and abroad in December. An individual promotion also generated slightly higher-than-expected revenues. Marimekko Corporation's results for the year 2010, including the outlook for 2011, will be released on Tuesday, 8 February 2011 at 9 a.m. as announced earlier. For additional information, contact: Thomas Ekström, CFO and acting CEO, tel. +358 9 758 7261 MARIMEKKO CORPORATION Group Communications Piia Pakarinen Tel. +358 9 758 7293 E-mail: piia.pakarinen@marimekko.fi DISTRIBUTION: NASDAQ OMX Helsinki Ltd Principal media Marimekko's website: www.marimekko.com Marimekko, established in 1951, is a leading Finnish textile and clothing design company renowned for its original prints and colours. The company designs and manufactures high-quality clothing, interior decoration textiles, bags, and other accessories. Marimekko products are sold in about 40 countries. Products with Marimekko designs are also manufactured under licence in various countries. In 2009, the company's net sales amounted to EUR 72.5 million, of which international sales accounted for 27.3%. The Group employs about 370 people. The company's share is quoted on NASDAQ OMX Helsinki Ltd. |
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