Marimekko Oyj Third Quarter 2024 Earnings: EPS Misses Expectations

Marimekko Oyj (HEL:MEKKO) Third Quarter 2024 Results

Key Financial Results

• Revenue: €47.3m (down 1.3% from 3Q 2023).
• Net income: €8.42m (down 19% from 3Q 2023).
• Profit margin: 18% (down from 22% in 3Q 2023). The decrease in margin was primarily driven by higher expenses.
• EPS: €0.21 (down from €0.25 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Marimekko Oyj Earnings Insights

Looking ahead, revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Luxury industry in Europe.

Performance of the market in Finland.

The company's shares are down 2.8% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of Marimekko Oyj's balance sheet and an in-depth analysis of the company's financial position.

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