Brief: Marimekko Announces Financial Guidance For 2020

Marimekko Oyj

18/09/2020 06:40

Sept 18 (Reuters) - Marimekko Oyj  MMO1V.HE :
    * REG-MARIMEKKO ANNOUNCES FINANCIAL GUIDANCE FOR 2020: NET SALES ARE EXPECTED TO BE LOWER
THAN IN
THE PREVIOUS YEAR AND COMPARABLE OPERATING PROFIT IS ESTIMATED TO BE APPROXIMATELY AT THE SAME
LEVEL AS OR LOWER THAN THE YEAR BEFORE
    * MARIMEKKO OYJ - NET SALES FOR 2020 ARE EXPECTED TO BE LOWER THAN IN PREVIOUS YEAR
    * MARIMEKKO OYJ - 2020 COMPARABLE OPERATING PROFIT IS ESTIMATED TO BE APPROXIMATELY AT SAME
LEVEL
AS OR LOWER THAN YEAR BEFORE
    * MARIMEKKO OYJ - IMPROVED OUTLOOK IS MAINLY BASED ON A BETTER-THAN-EXPECTED TREND IN
FINNISH
RETAIL SALES DURING SUMMER, AN IMPROVED WHOLESALE SALES OUTLOOK FOR REST OF YEAR AND
HIGHER-THAN-ESTIMATED FIXED COST SAVINGS
    * MARIMEKKO OYJ - COMPANY'S WHOLESALE PARTNERS' AND CUSTOMERS' RECOVERY FROM CRISIS CAN
IMPACT
THEIR REPLENISHMENT ORDERS DURING REMAINDER OF YEAR
    * MARIMEKKO OYJ - GLOBAL CRISIS MAY AFFECT OPERATIONAL RELIABILITY OF COMPANY'S VALUE CHAIN
    * MARIMEKKO OYJ - ESTIMATES THAT CLEARLY MAJOR PORTION OF ITS NET SALES AND EARNINGS FOR
SECOND
HALF OF 2020 IS GENERATED DURING Q3 OF YEAR

Source text for Eikon:  ID:nGNE5BWTgF 
Further company coverage:  MMO1V.HE 

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