Marimekko Corporation: Marimekko raises its earnings guidance for 2021, net sales estimate remains unchanged
Marimekko raises its earnings guidance for 2021, net sales estimate remains unchanged
In its Financial Statements Bulletin published on 18 February 2021, Marimekko estimated that the Group's net sales for 2021 would be higher than in the previous year and comparable operating profit margin would be approximately on a par with the long-term goal of 15 percent.
Marimekko now raises its earlier estimate of comparable operating profit development in 2021. The upgrade is due, in particular, to improved sales outlook for the full year, supported by a very strong first quarter of the year. According to the new estimate, the Marimekko Group's comparable operating profit margin for 2021 is expected to be approximately on a par with or higher than in the previous year (2020: 16.3 percent).