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Mekonomen AB (MEKO.ST)

MEKO.ST on Stockholm Stock Exchange

130.00SEK
21 Jun 2018
Change (% chg)

7.00kr (+5.69%)
Prev Close
123.00kr
Open
123.00kr
Day's High
130.00kr
Day's Low
122.40kr
Volume
137,203
Avg. Vol
92,767
52-wk High
186.50kr
52-wk Low
116.20kr

Latest Key Developments (Source: Significant Developments)

Mekonomen Q3 operating profit below forecasts
Tuesday, 7 Nov 2017 

Nov 7 (Reuters) - Mekonomen :Mekonomen Q3 EBIT 127 (125) mln SEK.Mekonomen Q3 sales 1,414 (1,432) mln SEK.Reuters poll mean forecast was for EBIT of 152 mln SEK and sales of 1,414 mln SEK.  Full Article

Attendo Q4 operating profit rises
Wednesday, 15 Feb 2017 

Attendo Ab (Publ) : Attendo's year-end report and report for the fourth quarter 2016: attendo increases new beds and reduces queues to nursing homes . Q4 net sales increased by 3 percent to sek 2,647m (2,564) . Q4 operating profit (ebita) increased by 12 percent to sek 241m (215) .Q4 board proposes a dividend of sek 1.22 (0.54) per share.  Full Article

Mekonomen Q4 EBIT lower than expected
Wednesday, 15 Feb 2017 

Mekonomen Ab : Q4 revenue increased 4 per cent to sek 1,508 m (1,447) . Q4 ebit amounted to sek 74 m (109) and ebit margin was 5 per cent (8 . Says EBIT has been negatively affected by non-recurring effects totalling SEK 31 M (21), of which SEK 6 M (0) are related to recall of Volvo cars in which defective driving belts had been installed and SEK 25 M (0) are related to divestment of the Danish business. . Board of directors proposes a dividend of sek 7.00 (7.00) . Reuters poll: mekonomen q4 revenues were seen at sek 1,496 million, ebit at sek 92 million, dividend at sek 7.00 per share . Says in quarter we have seen a continued pressure on gross margin, especially in norway, mainly driven by increased share of our sales to affiliated workshops and large customers, as well as price competition in norway. We expect this trend will continue going forward . Says provided that scrapping or export of cars do not increase, we see potential for an increasing overall market in 2017, mainly driven by a strong sales of new cars in recent years and a growing car fleet in norway and sweden . Says compared to last year we have not seen same strong chill effect this january, with some negative effect on sales of cold related products.  Full Article

Mekonomen Q2 profit lags consensus, launches savings programme
Friday, 26 Aug 2016 

Mekonomen Ab : Q2 ebit amounted to sek 161 m . q2 revenue increased 3 per cent to sek 1,573 m (1,527) . Reuters poll: mekonomen q2 revenues were seen at sek 1,538 million, ebit at sek 188 million . Says we implement an efficiency and cost-rationalisation program for mekonomen sweden which is expected to generate annual savings of sek 25 m from 2017 . Says cost of program is expected to have only a marginal impact on ebit for 2016 . says we see potential for a growing overall market .says growing fleet of cars and completion of changes initiated in mekonomen group provide a solid platform for future profitable growth.  Full Article

BRIEF-Mekonomen Says Reduced Sales Of Dab Products And Fewer Working Days Affect Co's Sales Negatively In Q1 2018

* REDUCED SALES OF DAB PRODUCTS AND FEWER WORKING DAYS AFFECT MEKONOMEN GROUP'S SALES NEGATIVELY IN THE FIRST QUARTER 2018