Marimekko: Rises on outlook upgrade

Marimekko Oyj

22/07/2019 11:06

** Shares in Finnish fashion, textile and home furnishings
company Marimekko  MMO1V.HE  rise 5.6% after earnings outlook
upgrade
    ** The company now forecasts 2019 comparable operating
profit of up to about EUR 15 mln  urn:newsml:reuters.com:*:nFWN24K15H
    ** Marimekko adds the outlook lift is mainly due to higher
than estimated anticipated licensing income in the Asia-Pacific
region
    ** The stock is set for its best day since May when Q1
results lifted the shares to an 18-year high  urn:newsml:reuters.com:*:nL5N22S22G
    ** The company is due to publish its H1 report on Aug. 15

 ((jagoda.darlak@tr.com))