Brief: Marimekko Q1 Operating Profit Up At EUR 2.6 Million

Marimekko Oyj

16/05/2019 06:43

May 16 (Reuters) - Marimekko Oyj  MMO1V.HE :
    * REG-INTERIM REPORT OF MARIMEKKO CORPORATION, 1 JANUARY –
31
MARCH 2019: NET SALES GREW BY 13 PERCENT AND COMPARABLE
OPERATING PROFIT DOUBLED, SUPPORTED BY THE TIMING OF WHOLESALE
DELIVERIES AND FINNISH RETAIL SALES
    * Q1 NET SALES EUR 27.1 MILLION VERSUS EUR 24.1 MILLION YEAR
AGO
    * Q1 OPERATING PROFIT EUR 2.6 MILLION VERSUS EUR 1.2 MILLION
YEAR
AGO
    * MARIMEKKO GROUP'S NET SALES FOR 2019 ARE FORECAST TO BE
HIGHER
THAN IN PREVIOUS YEAR AND COMPARABLE OPERATING PROFIT IS
ESTIMATED TO BE APPROXIMATELY AT SAME LEVEL AS YEAR BEFORE
    * MARIMEKKO GROUP'S NET SALES FOR 2019 ARE FORECAST TO BE
HIGHER
THAN IN PREVIOUS YEAR
    * YEAR GOT OFF TO AN EXCELLENT START - CEO
    * AIM IS TO OPEN APPROXIMATELY 10 NEW MARIMEKKO STORES AND
SHOP-IN-SHOPS IN 2019.
    * 2019 COMPARABLE OPERATING PROFIT IS ESTIMATED TO BE
APPROXIMATELY AT SAME LEVEL AS YEAR BEFORE
    * STRONG FIGURES IN Q1 WERE DRIVEN BY A CHANGE IN TIMING OF
WHOLESALE DELIVERIES AND A FAVOURABLE TREND IN FINNISH RETAIL
SALES - CEO

Source text for Eikon:  ID:nGNE3vkX8P 
Further company coverage:  MMO1V.HE 

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