Core Viewpoint - Marimekko Corporation's Board of Directors proposes a regular dividend of EUR 0.40 per share and an extraordinary dividend of EUR 0.25 per share for the financial year 2024, reflecting the company's strong financial position and strategy of profitable growth [1][2]. Financial Performance - In 2023, Marimekko's net sales reached EUR 174 million, with a comparable operating profit margin of 18.4 percent [3]. Dividend Proposal - The proposed dividend payout record date is set for 17 April 2025, with the payout date scheduled for 28 April 2025 [1]. - The Board believes that the extraordinary dividend is warranted due to the company's strong financial position and business model that does not require significant capital [2]. Company Overview - Marimekko is a Finnish lifestyle design company known for its original prints and colors, offering a diverse product portfolio that includes clothing, bags, accessories, and home décor items [3]. - The company operates approximately 170 stores globally and serves customers in 38 countries through its online store, with key markets in Northern Europe, the Asia-Pacific region, and North America [3]. - Marimekko employs around 470 people and is listed on Nasdaq Helsinki Ltd [3].
Inside Information: Marimekko's Board of Directors proposes to the AGM that a regular dividend of EUR 0.40 per share and an extraordinary dividend of EUR 0.25 per share will be paid for 2024