Marimekko: Earnings fell short of estimates - Evli
This is a third party research report and does not necessarily reflect our views or values
Marimekko's fourth quarter revenue missed our estimates slightly, weighed down by wholesale weakness outside APAC. However, the important APAC region performed well and above our expectations. The company's profitability fell clearly short of estimates due to elevated fixed costs, despite an improvement in relative sales margin.