Marimekko Oyj (OTCPK:MKKOF)
$ 12.422 -2.013 (-13.95%) Market Cap: 497.37 Mil Enterprise Value: 497.89 Mil PE Ratio: 20.93 PB Ratio: 7.22 GF Score: 96/100

Q1 2020 Marimekko Oyj Earnings Call Transcript

May 14, 2020 / 11:00AM GMT
Release Date Price: $5.82
Anna Tuominen
Marimekko Oyj - Director, Communications

Good afternoon, ladies and gentlemen, and welcome to Marimekko's Q1 webcast. Today we will first hear a presentation by our President and CEO, Tiina Alahuhta-Kasko. And after that, we'll have a Q&A session. For the Q&A session, we also have our CFO, Elina Anckar, here, at a safe distance, of course. (Conference Instructions)

Tiina Alahuhta-Kasko, please.

Tiina Alahuhta;Kasko
Marimekko Oyj - President & CEO

Okay. Thank you, Anna, and good afternoon, ladies and gentlemen. It is now time again to have a deeper look into Marimekko's first-quarter interim report and results.

So in a nutshell, in Q1, overall, the year got off at Marimekko to a very good and promising start. But unfortunately then in March, when the coronavirus started to spread around the world and across also all Marimekko's key markets, it led to a significant impact on our Q1 sales and profitability.

So to safeguard the health of personnel and customers, we needed to then make the

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