Marimekko's Dividend Proposal for 2024
Marimekko Corporation's Board of Directors has put forward a compelling proposal regarding dividends for shareholders. The suggestion includes a regular dividend of EUR 0.40 per share along with an extraordinary dividend of EUR 0.25 per share for the upcoming financial year 2024. This decision came ahead of the Annual General Meeting scheduled for April 2025, during which shareholders will have the opportunity to vote on this proposal.
Details of the Proposed Dividends
The proposal for these dividends may mark a significant moment for Marimekko’s shareholders. The Board has outlined that the regular dividend of EUR 0.40 is intended to reflect the company’s consistent performance, while the extraordinary dividend of EUR 0.25 emphasizes its strong financial position. Proposed payout dates have also been introduced, with the record date suggested as April 17, 2025, and the actual payment scheduled for April 28, 2025.
Statement from the Marimekko Board
Mika Ihamuotila, Chair of the Board Directors at Marimekko, provided insights into the rationale behind this proposal, stating that “Marimekko’s financial position is strong, and our strategy of profitable growth does not require significant capital at this moment. Therefore, we believe it is warranted to pay an extraordinary dividend for 2024 to our valued shareholders.” This statement showcases the company’s commitment to sharing its success with its investors while ensuring sustainable business practices.
About Marimekko Corporation
Founded in 1951, Marimekko Corporation is a Finnish lifestyle design entity recognized for its fascinating prints and vibrant colors. The company’s diverse product range encompasses high-quality clothing, accessories, bags, and home décor items that include everything from textiles to tableware. In the year 2023, Marimekko achieved remarkable net sales of EUR 174 million and a comparable operating profit margin of 18.4 percent. With around 170 stores worldwide and an online presence servicing customers across 38 countries, Marimekko has solidified its place in key markets including Northern Europe, Asia-Pacific, and North America. The company continues to innovate while honoring its unique identity that started over seven decades ago.
Contact Information
For any inquiries or further details, Marimekko's Corporate Communications team can be reached at:
Anna Tuominen
Tel. +358 40 584 6944
Email: anna.tuominen@marimekko.com
Frequently Asked Questions
What dividends has Marimekko proposed for 2024?
Marimekko has proposed a regular dividend of EUR 0.40 per share and an extraordinary dividend of EUR 0.25 per share.
When will the AGM vote on the proposed dividends?
The Annual General Meeting, where the dividend proposal will be voted on, is scheduled for April 2025.
What are the proposed payout dates for the dividends?
The proposed record date for the dividend is April 17, 2025, while the payment date is set for April 28, 2025.
How has Marimekko performed financially in recent years?
In 2023, Marimekko reported net sales of EUR 174 million with a comparable operating profit margin of 18.4 percent.
In which markets does Marimekko operate?
Marimekko operates in key markets including Northern Europe, the Asia-Pacific region, and North America with around 170 stores globally.
