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Marimekko Oyj (MMO1V.HE)

MMO1V.HE on Helsinki Stock Exchange

36.55EUR
20 Oct 2020
Change (% chg)

€-0.05 (-0.14%)
Prev Close
€36.60
Open
€36.65
Day's High
€36.95
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€36.40
Volume
3,945
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12,143
52-wk High
€42.50
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€21.30

Latest Key Developments (Source: Significant Developments)

Marimekko: Consultative Negotiations Have Ended
Thursday, 8 Oct 2020 

Oct 8 (Reuters) - Marimekko Oyj ::MARIMEKKO’S CONSULTATIVE NEGOTIATIONS HAVE ENDED – THE NEW ORGANIZATION FURTHER STRENGTHENS CUSTOMER-CENTRICITY AND OMNICHANNEL APPROACH IN AN INCREASINGLY DIGITAL MARKET.IT WAS CONCLUDED THAT REORGANIZATION CAN BE ACHIEVED WITH FAIRLY MODERATE JOB REDUCTIONS WHILE ATTAINING TOTAL ANNUAL COST SAVINGS OF AROUND EUR 1.3 MILLION.MOST OF PROFIT IMPACT OF COST SAVINGS WILL BE VISIBLE AS OF Q4 OF 2020, WHEN COMPANY WILL ALSO BOOK A RESTRUCTURING PROVISION OF APPROXIMATELY EUR 0.6 MILLION RELATED TO PERSONNEL REDUCTIONS..IN FINLAND, REORGANIZATION AND STREAMLINING OF OPERATIONS WILL INVOLVE A MAXIMUM OF 52 JOBS AND WILL LEAD TO TERMINATION OF AT LEAST 20 JOBS..ACCORDING TO COMPANY'S ESTIMATE, 32 PEOPLE WILL BE OFFERED A NEW OR A MODIFIED JOB.MOST OF PROFIT IMPACT OF COST SAVINGS WILL BE VISIBLE AS OF Q4 OF 2020, WHEN COMPANY WILL ALSO BOOK A RESTRUCTURING PROVISION OF APPROXIMATELY EUR 0.6 MILLION RELATED TO PERSONNEL REDUCTIONS..REORGANIZATION WILL ALSO AFFECT MARIMEKKO'S ORGANIZATIONS IN SCANDINAVIA, NORTH AMERICA AND AUSTRALIA AND WILL LOCALLY LEAD TO RESTRUCTURING OF SOME JOBS..WILL PROVIDE SUPPORT FOR ALL THOSE LOSING THEIR JOBS, INTRODUCING THEM TO ALTERNATIVE PATHS TO RE-EMPLOYMENT..  Full Article

Marimekko Announces Financial Guidance For 2020
Friday, 18 Sep 2020 

Sept 18 (Reuters) - Marimekko Oyj ::REG-MARIMEKKO ANNOUNCES FINANCIAL GUIDANCE FOR 2020: NET SALES ARE EXPECTED TO BE LOWER THAN IN THE PREVIOUS YEAR AND COMPARABLE OPERATING PROFIT IS ESTIMATED TO BE APPROXIMATELY AT THE SAME LEVEL AS OR LOWER THAN THE YEAR BEFORE.MARIMEKKO OYJ - NET SALES FOR 2020 ARE EXPECTED TO BE LOWER THAN IN PREVIOUS YEAR.MARIMEKKO OYJ - 2020 COMPARABLE OPERATING PROFIT IS ESTIMATED TO BE APPROXIMATELY AT SAME LEVEL AS OR LOWER THAN YEAR BEFORE.MARIMEKKO OYJ - IMPROVED OUTLOOK IS MAINLY BASED ON A BETTER-THAN-EXPECTED TREND IN FINNISH RETAIL SALES DURING SUMMER, AN IMPROVED WHOLESALE SALES OUTLOOK FOR REST OF YEAR AND HIGHER-THAN-ESTIMATED FIXED COST SAVINGS.MARIMEKKO OYJ - COMPANY'S WHOLESALE PARTNERS' AND CUSTOMERS' RECOVERY FROM CRISIS CAN IMPACT THEIR REPLENISHMENT ORDERS DURING REMAINDER OF YEAR.MARIMEKKO OYJ - GLOBAL CRISIS MAY AFFECT OPERATIONAL RELIABILITY OF COMPANY'S VALUE CHAIN.MARIMEKKO OYJ - ESTIMATES THAT CLEARLY MAJOR PORTION OF ITS NET SALES AND EARNINGS FOR SECOND HALF OF 2020 IS GENERATED DURING Q3 OF YEAR.  Full Article

Marimekko Raises Outlook For 2019 Comparable Operating Profit
Monday, 14 Oct 2019 

Oct 14 (Reuters) - Marimekko Oyj ::REG-MARIMEKKO RAISES ITS EARNINGS ESTIMATE; NET SALES ESTIMATE REMAINS UNCHANGED.RAISES ITS EARLIER ESTIMATE OF COMPARABLE OPERATING PROFIT FOR 2019.RAISE IS DUE MAINLY TO STRONGER THAN ESTIMATED SALES GROWTH AND IMPROVED SALES OUTLOOK IN FINLAND AS WELL AS BETTER THAN ESTIMATED TREND IN RELATIVE SALES MARGIN.ACCORDING TO NEW ESTIMATE, COMPARABLE OPERATING PROFIT FOR 2019 IS EXPECTED TO BE HIGHER THAN IN PREVIOUS YEAR, AMOUNTING TO APPROXIMATELY EUR 17 MILLION.NET SALES ESTIMATE GIVEN IN HALF-YEAR FINANCIAL REPORT REMAINS UNCHANGED.PREVIOUS OUTLOOK: COMPARABLE OPERATING PROFIT EXPECTED TO BE HIGHER THAN IN PREVIOUS YEAR, AMOUNTING AT MOST TO APPROXIMATELY EUR 15 MILLION.  Full Article

Marimekko Expects 2019 Comparable Operating Profit Of Up To EUR 15 Mln
Monday, 22 Jul 2019 

July 22 (Reuters) - Marimekko Oyj ::REG-MARIMEKKO RAISES ITS EARNINGS ESTIMATE; NET SALES ESTIMATE REMAINS UNCHANGED.NOW RAISES ITS EARLIER ESTIMATE OF COMPARABLE OPERATING PROFIT FOR 2019 AND CHANGES REFERENCE TO LEVEL OF PREVIOUS YEAR.ESTIMATED THAT GROUP'S NET SALES FOR 2019 WOULD BE HIGHER THAN IN PREVIOUS YEAR AND THAT COMPARABLE OPERATING PROFIT WOULD BE APPROXIMATELY AT SAME LEVEL AS YEAR BEFORE..NET SALES ESTIMATE GIVEN IN INTERIM REPORT REMAINS UNCHANGED.NET SALES ESTIMATE GIVEN IN INTERIM REPORT REMAINS UNCHANGED..COMPARABLE OPERATING PROFIT FOR 2019 IS EXPECTED TO BE HIGHER THAN IN PREVIOUS YEAR, AMOUNTING AT MOST TO APPROXIMATELY EUR 15 MILLION..ACCORDING TO NEW ESTIMATE, COMPARABLE OPERATING PROFIT FOR 2019 IS EXPECTED TO BE HIGHER THAN IN PREVIOUS YEAR, AMOUNTING AT MOST TO APPROXIMATELY EUR 15 MILLION.DUE TO GROWTH INVESTMENTS, MORE COSTS THAN IN 2018 ARE EXPECTED TO OCCUR IN REMAINING HALF OF YEAR..ESTIMATED EFFECTS OF LONG-TERM BONUS SYSTEM TARGETED AT COMPANY'S MANAGEMENT GROUP ARE ALSO EXPECTED TO EXERT A DRAG ON COMPANY'S RESULTS IN 2019.SAYS SHARE OF HOLIDAY SALES IN PARTICULAR OF COMPANY'S NET SALES FOR LAST QUARTER IS CONSIDERABLE AND OUTCOME OF HOLIDAY SEASON HAS AN IMPACT ON RESULTS FOR WHOLE YEAR.SAYS MARIMEKKO HAS BECOME AWARE OF CASES OF GREY EXPORTS AND HAS TAKEN DUE ACTION.SAYS CONTROL OF CASES MAY HAVE A WEAKENING IMPACT ON COMPANY'S SALES AND EARNINGS.  Full Article

Marimekko Q4 Operating Profit Falls To EUR 1.2 Million
Wednesday, 27 Feb 2019 

Feb 27 (Reuters) - Marimekko Oyj ::REG-FINANCIAL STATEMENTS BULLETIN OF MARIMEKKO CORPORATION, 1 JANUARY – 31 DECEMBER 2018: A SUCCESSFUL YEAR – NET SALES GREW BY 9 PERCENT AND COMPARABLE OPERATING PROFIT BY 42 PERCENT.Q4 NET SALES EUR 29.7 MILLION VERSUS EUR 29.8 MILLION YEAR AGO.PROPOSAL BY BOARD OF DIRECTORS IS BASED ON EARNINGS PER SHARE (EPS) AND TAKES INTO CONSIDERATION TOTAL OF PROPOSED DIVIDENDS, EUR 1.85 PER SHARE.MARIMEKKO GROUP'S NET SALES FOR 2019 ARE FORECAST TO BE HIGHER THAN IN PREVIOUS YEAR.Q4 OPERATING PROFIT EUR 1.2 MILLION VERSUS EUR 2.4 MILLION YEAR AGO.2019 COMPARABLE OPERATING PROFIT IS ESTIMATED TO BE APPROXIMATELY AT SAME LEVEL AS YEAR BEFORE.  Full Article