Brief: Marimekko Q4 Operating Profit Falls To EUR 6.8 Million

Marimekko Oyj

16/02/2023 06:50

Feb 16 (Reuters) - Marimekko Oyj  MEKKO.HE :
    * Q4 NET SALES GREW BY 1 PERCENT TO EUR 48.4 MILLION (48.1)
    * NET SALES WERE BOOSTED, IN PARTICULAR, BY INCREASED RETAIL
SALES
IN FINLAND BUT ALSO GROWING INTERNATIONAL WHOLESALE SALES
    * ON OTHER HAND, NET SALES WERE WEAKENED BY A DECREASE IN
WHOLESALE SALES IN FINLAND
    * Q4 OPERATING PROFIT WAS EUR 6.8 MILLION (7.6)
    * OPERATING PROFIT WAS WEAKENED ESPECIALLY BY AN INCREASE IN
FIXED
COSTS BUT ALSO LOWER RELATIVE SALES MARGIN
    * BOARD OF DIRECTORS PROPOSES TO ANNUAL GENERAL MEETING THAT
A
DIVIDEND OF EUR 0.34 WILL BE PAID FOR 2022
    * GROUP'S NET SALES FOR 2023 ARE EXPECTED TO GROW FROM
PREVIOUS
YEAR (2022: EUR 166.5 MILLION)
    * COMPARABLE OPERATING PROFIT
    * COMPARABLE OPERATING PROFIT MARGIN FOR 2023 IS ESTIMATED
TO BE
APPROXIMATELY SOME 16-19 PERCENT (2022: 18.2 PERCENT)
    * DEVELOPMENT OF CONSUMER CONFIDENCE, PURCHASING POWER,
GLOBAL
SUPPLY CHAIN DISRUPTIONS, INFLATION CAUSE VOLATILITY TO OUTLOOK
FOR 2023

Source text for Eikon:  ID:nGNE3Sr2dk 
Further company coverage:  MEKKO.HE 
 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 772 0920;))