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MEKKO — Marimekko Oyj News Story

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Marimekko falls on Q4 miss, weak sales growth

** Shares in Finnish fashion retailer Marimekko MEKKO.HE fall around 8% after missing quarterly market estimates all around

** Finnish equity research firm Inderes notes that growth in the company "remained sluggish"

** Marimekko grew by only 1% in Q4, which meant that the company's adjusted operating profit remained at EUR 8.8 million  ($10.45 million), below the comparison period and clearly below our forecast, Inderes says in a note

** "Marimekko's fixed costs grew slightly more than we expected, but we believe that the main reason for the disappointing result is the lackluster growth in net sales," Inderes notes

**  With a weak Q4, there is slight downward pressure on forecasts, the brokerage adds

** If losses hold, Marimekko shares are on track for their worst day since August 2022

($1 = 0.8423 euros)

 (Reporting by Elviira Luoma)

 ((Elviira.luoma@thomsonreuters.com))

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