Marimekko: Rises as Q3 results outpace expectations

Marimekko Oyj

04/11/2020 08:26

** Shares in Finnish fashion company Marimekko  MMO1V.HE 
rise as much as 5.8% after Q3 results
    ** The company reported Q3 operating profit of EUR 10.5
million ($12.23 million), 25% above the consensus  urn:newsml:reuters.com:*:nFWN2HP0ZM
    ** "Earnings were boosted by a noticeable decrease in fixed
costs due to adjusted operations as well as by increased net
sales", said the company in the statement
    ** Evli notes Marimekko's Q3 result outpaced the
expectations
    ** The company is second best performer on Helsinki
all-share index  .OMXHPI , which is down 1.21%


($1 = 0.8587 euros)

 ((joanna.wodzicka@tr.com))