Marimekko: All-time high after guidance upgrade

Marimekko Oyj

10/12/2020 08:14

** Shares in Finnish fashion company Marimekko  MMO1V.HE 
rise almost 6%, hitting all-time high after 2020 guidance
upgrade
    ** The company expects net sales to be about at same level
or slightly lower y/y, and comparable operating profit to rise
y/y  urn:newsml:reuters.com:*:nASN000MB3
    ** Previously, it guided for net sales decrease, and flat or
lower comparable operating profit
    ** "The improved outlook is based, in particular, on a
better-than-expected trend and improved outlook in the retail
sales in Finland", the company saidd
    ** According to Inderes the increase in guidance came
slightly faster and stronger than its expectations
    ** Shares set for best day since September 18, when
Marimekko reinstated 2020 guidance  urn:newsml:reuters.com:*:nL8N2GF1HR

 ((joanna.wodzicka@tr.com))