Financial Responsibility

Achieving a good financial result by responsible means is becoming increasingly important to all of the company’s stakeholders. Responsible performance helps to ensure the company’s competitiveness and long-term profitability. Marimekko seeks to grow and evolve in a controlled manner, thus securing the smooth continuity of its business. By keeping its finances on a solid foundation, the company can provide steady returns to its shareholders and fulfil its obligations as a responsible employer. Moreover, a good financial position enables projects that enhance the company’s environmental and social responsibility.

Marimekko has set clear financial objectives for its business operations. The financial responsibility indicators are associated with profitability and competitiveness and response to the owners’ profit expectations. Marimekko’s operations generate financial wellbeing for a number of stakeholder groups both in Finland and abroad. The company’s operations also have an indirect employment impact: in 2008, the share of materials, supplies and services purchased from Finnish and international suppliers amounted to approximately 60% of Marimekko’s net sales. Salaries, wages and bonuses paid to Marimekko’s own personnel accounted for approximately 18% of net sales. Dividends to a total of EUR 5,226,000 were paid to shareholders for 2007; the Board of Directors’ proposal for the dividends for the 2008 financial year is EUR 4,422,000. Taxes and social security costs amounted to EUR 10.0 million, representing approximately 12% of net sales.