Marimekko: All-time high after Q1 'clearly' beats estimates

Marimekko Oyj

20/05/2021 08:16

** Shares in Finnish fashion company Marimekko  MMO1V.HE 
5.5%, hitting all-time high after expectations-beating Q1
results
    ** The company reported Q1 operating profit of EUR 5.6
million ($6.83 million), which is almost 5 times higher than
year ago
    ** "Clear estimates beat," brokerage Evli says about a "very
strong" Q1
    ** Marimekko said net sales had been mainly boosted by a
favourable trend in wholesale sales in the Asia-Pacific region,
Finland, and Scandinavia as well as increased licensing income
in EMEA
    ** Shares are up 26.45% year-to-date

($1 = 0.8205 euros)

 ((joanna.wodzicka@tr.com))