Brief: Reg-Marimekko Raises Its Guidance For 2020

Marimekko Oyj

10/12/2020 06:03

Dec 10 (Reuters) - Marimekko Oyj  MMO1V.HE :
    * REG-MARIMEKKO RAISES ITS GUIDANCE FOR 2020: NET SALES ARE EXPECTED TO BE APPROXIMATELY AT
THE
SAME LEVEL AS OR SLIGHTLY LOWER THAN IN THE PREVIOUS YEAR AND COMPARABLE OPERATING PROFIT IS
ESTIMATED TO BE HIGHER THAN THE YEAR BEFORE
    * REG-MARIMEKKO RAISES ITS GUIDANCE FOR 2020: NET SALES ARE EXPECTED TO BE APPROXIMATELY AT
THE
SAME LEVEL AS OR SLIGHTLY LOWER THAN IN THE PREVIOUS YEAR AND COMPARABLE OPERATING PROFIT IS
ESTIMATED TO BE HIGHER THAN THE YEAR BEFORE
    * MARIMEKKO OYJ - MARIMEKKO NOW RAISES ITS EARLIER ESTIMATE ON DEVELOPMENT OF NET SALES AND
COMPARABLE OPERATING PROFIT IN 2020
    * MARIMEKKO OYJ - ACCORDING TO NEW ESTIMATE, MARIMEKKO GROUP'S NET SALES ARE EXPECTED TO BE
APPROXIMATELY AT SAME LEVEL AS OR SLIGHTLY LOWER THAN IN PREVIOUS YEAR AND COMPARABLE OPERATING
PROFIT IS ESTIMATED TO BE HIGHER THAN YEAR BEFORE
    * MARIMEKKO OYJ - IMPROVED OUTLOOK IS BASED, IN PARTICULAR, ON A BETTER-THAN-EXPECTED TREND
AND
IMPROVED OUTLOOK IN RETAIL SALES IN FINLAND.
    * MARIMEKKO OYJ - COMPANY ESTIMATES THAT CLEARLY MAJOR PORTION OF ITS EARNINGS FOR SECOND
HALF OF
2020 IS GENERATED DURING Q3 OF YEAR, LIKE IN 2019.
    * MARIMEKKO OYJ - NET SALES ACCRUAL IN SECOND HALF OF 2020 IS EXPECTED TO BE MORE BALANCED
BETWEEN
TWO LAST QUARTERS.

Source text for Eikon:  ID:nGNE1B56Mp 
Further company coverage:  MMO1V.HE 

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