HLSE:MEKKOLuxury
Marimekko (HLSE:MEKKO) Stock Faces Cost Pressure Despite Steady Margins
Marimekko Oyj walked into this earnings day with the stock already under pressure. The share price closed at €9.8 on Thursday, leaving investors nursing declines of about 8% over both the past week and the past month. The market clearly leaned cautious. The earnings story, however, centers on margins rather than growth fears.
Trailing net profit margin sits at 13.2% with earnings from continuing operations at €25.2m over the latest twelve months. Yet the Q2 call highlighted higher fixed costs...