Brief: Marimekko Improves Its Earnings Guidance For 2021

Marimekko Oyj

23/09/2021 06:53

Sept 23 (Reuters) - Marimekko Oyj  MEKKO.HE :
    * MARIMEKKO IMPROVES ITS EARNINGS GUIDANCE FOR 2021, NET
SALES
ESTIMATE UNCHANGED
    * MARIMEKKO NOW SPECIFIES ITS EARLIER ESTIMATE OF COMPARABLE
OPERATING PROFIT MARGIN DEVELOPMENT IN 2021 AND REMOVES LOWER
END OF GUIDANCE RANGE.
    * ACCORDING TO NEW ESTIMATE, COMPARABLE OPERATING PROFIT
MARGIN IS
EXPECTED TO BE HIGHER THAN IN PREVIOUS YEAR
    * COMPARABLE OPERATING PROFIT MARGIN IS ESTIMATED TO BE
HIGHER
THAN IN PREVIOUS YEAR (2020: 16.3 PERCENT).
    * UNCERTAINTIES RELATED TO PANDEMIC SITUATION CONCERNING
REST OF
YEAR BEING REDUCED FROM PREVIOUSLY EXPECTED CONTRIBUTED TO
IMPROVED ESTIMATE
    * NET SALES ESTIMATE GIVEN IN HALF-YEAR FINANCIAL REPORT
REMAINS
UNCHANGED
    * UNCERTAINTIES RELATED TO PANDEMIC SITUATION CONCERNING
REST OF
YEAR BEING REDUCED FROM PREVIOUSLY EXPECTED CONTRIBUTED TO
IMPROVED ESTIMATE
    * REVISED FINANCIAL GUIDANCE FOR 2021 IN FULL IS AS FOLLOWS:
MARIMEKKO GROUP'S NET SALES FOR 2021 ARE EXPECTED TO BE HIGHER
THAN IN PREVIOUS YEAR (2020: EUR 123.6 MILLION)
    * COMPARABLE OPERATING PROFIT MARGIN IS ESTIMATED TO BE
HIGHER
THAN IN PREVIOUS YEAR (2020: 16.3 PERCENT).
    * CONTINUES TO ESTIMATE THAT RELATIVE GROWTH OF NET SALES,
HOWEVER, WILL SLOW DOWN DURING SECOND HALF OF 2021

Source text for Eikon:  ID:nGNE4zmsY8 
Further company coverage:  MEKKO.HE 

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