Brief: Marimekko Q3 Operating Profit Lowers To EUR 11.1 Mln

Marimekko Oyj

02/11/2022 06:03

Nov 2 (Reuters) - Marimekko Oyj  MEKKO.HE :
    * REG-INTERIM REPORT OF MARIMEKKO CORPORATION, 1 JANUARY –
30
SEPTEMBER 2022: MARIMEKKO’S NET SALES IN THE THIRD QUARTER
CONTINUED TO GROW FROM THE STRONG COMPARISON PERIOD AND
OPERATING PROFIT MARGIN WAS AT AN EXCELLENT LEVEL
    * NET SALES FOR 2022 ARE EXPECTED TO GROW FROM PREVIOUS YEAR
(2021: EUR 152.2 MILLION)
    * Q3 OPERATING PROFIT WAS EUR 11.1 MILLION (13.1)
    * 2022 COMPARABLE OPERATING PROFIT MARGIN IS ESTIMATED TO BE
APPROXIMATELY SOME 17-20 PERCENT (2021: 20.5 PERCENT)
    * NET SALES WERE BOOSTED BY A FAVORABLE TREND IN RETAIL
SALES IN
FINLAND AND GROWING INTERNATIONAL SALES
    * OUTLOOK 2022: GROUP'S NET SALES FOR 2022 ARE EXPECTED TO
GROW
FROM PREVIOUS YEAR (2021: EUR 152.2 MILLION)
    * OUTLOOK 2022: COMPARABLE OPERATING PROFIT MARGIN IS
ESTIMATED TO
BE APPROXIMATELY SOME 17-20 PERCENT (2021: 20.5 PERCENT)

Source text for Eikon:  ID:nGNE97Ctrq 
Further company coverage:  MEKKO.HE 
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