Brief: Marimekko Q1 Operating Profit Up At EUR 5.6 Mln

Marimekko Oyj

20/05/2021 06:04

May 20 (Reuters) - Marimekko Oyj  MEKKO.HE :
    * Q1 NET SALES EUR 29.1 MILLION VERSUS EUR 24.9 MILLION YEAR
AGO
    * Q1 OPERATING PROFIT EUR 5.6 MILLION VERSUS EUR 1.2 MILLION
YEAR
AGO
    * SALES IN FINLAND ARE EXPECTED TO GROW ON PREVIOUS YEAR.
    * DOMESTIC WHOLESALE SALES IN 2021 WILL BE BOOSTED BY
NONRECURRING
PROMOTIONAL DELIVERIES
    * A VAST MAJORITY OF DELIVERIES WILL TAKE PLACE IN SECOND
HALF OF
YEAR
    * AIM IS TO OPEN APPROXIMATELY 5 TO 10 NEW MARIMEKKO STORES
AND
SHOP-IN-SHOPS IN 2021, AND MOST OF PLANNED OPENINGS WILL BE IN
ASIA.
    * PLANS TO ACCELERATE ITS LONG-TERM INTERNATIONAL GROWTH IN
2021
AND TO INVEST ESPECIALLY IN DIGITAL BUSINESS
    * INVESTMENTS ARE ESTIMATED TO BE APPROXIMATELY AT SAME
LEVEL AS
YEAR BEFORE (2020: EUR 2.1 MILLION)

Source text for Eikon:  ID:nGNE5phxjR 
Further company coverage:  MEKKO.HE 

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