Marimekko shares jump on raised guidance

Marimekko Oyj

06/09/2022 08:05

** Shares of Marimekko  MEKKO.HE  climb 5% after the Finnish
fashion company raises its long-term financial goals
 urn:newsml:reuters.com:*:nFWN30C0B1
    ** The company now targets long term annual growth in net
sales of 15% vs earlier view of over 10%, and long-term
comparable operating profit margin of 20% vs previous
expectation of 15%
    ** At the same time, the company says it plans to focus on
scaling the business and growth especially in international
markets for the next strategy period of 2023–2027
    ** The stock is on track for its best day in four months


 (Reporting by Jacob Rasmussen)
 ((jacob.rasmussen@thomsonreuters.com))