Brief: Marimekko Q3 Comparable Operating Profit Up At EUR 13.3 Million

Marimekko Oyj

03/11/2021 06:06

Nov 3 (Reuters) - Marimekko Oyj  MEKKO.HE :
    * REG-INTERIM REPORT OF MARIMEKKO CORPORATION, 1 JANUARY –
30
SEPTEMBER 2021: MARIMEKKO’S NET SALES AND RESULT CONTINUED TO
INCREASE IN THE THIRD QUARTER
    * Q3 NET SALES GREW BY 11 PERCENT TO EUR 42.4 MILLION (38.0)
    * Q3 COMPARABLE OPERATING PROFIT WAS EUR 13.3 MILLION (10.5)
    * INCREASE IN FIXED COSTS HAD A WEAKENING IMPACT ON EARNINGS
    * FIXED COSTS ARE EXPECTED TO INCREASE CLEARLY ALSO DURING
Q4
    * INSTABILITY CAUSED BY CORONAVIRUS PANDEMIC IN MARIMEKKO'S
MARKETS CONTINUES
    * IN FINLAND, OUR NET SALES INCREASED BY 25 PERCENT IN Q3.
    * GLOBAL CRISIS MAY AFFECT OPERATIONAL RELIABILITY AND
EFFICIENCY
OF COMPANY'S VALUE CHAIN
    * WILL CONTINUE ACTIONS TO CONTROL GRAY EXPORTS, WHICH WILL
HAVE A
CLEAR WEAKENING IMPACT ON COMPANY'S SALES AND EARNINGS IN 2021
    * PLANS TO ACCELERATE ITS LONG-TERM INTERNATIONAL GROWTH IN
2021
AND TO INVEST ESPECIALLY IN DIGITAL BUSINESS

Source text for Eikon:  ID:nGNE6g0Sdy 
Further company coverage:  MEKKO.HE 

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