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Mekonomen AB (MEKO.ST)

MEKO.ST on Stockholm Stock Exchange

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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

Mekonomen Q1 EBIT lags forecast
Wednesday, 11 May 2016 

Mekonomen Ab : Q1 revenue increased 3 percent to SEK 1,424 million (1,382). . Q1 EBIT amounted to SEK 121 million (142). . Says underlying growth for Mekonomen group remained favourable in Q1, despite negative easter effect. . Says expect conditions for a slightly stronger overall market in 2016, primary as a consequence of favourable new car sales in recent years. . Reuters poll: Mekonomen Q1 revenues were seen at SEK 1,367 million, EBIT at SEK 143 million. . Says in 2016, sales growth is main focus. . Says EBIT was lower compared with Q1 of 2015, a main cause being a weak Ebit in Mekonomen Sweden. Further company coverage: [MEKO.ST] (Reporting By Johan Sennero) ((Johan.Sennero@thomsonreuters.com;)).  Full Article

Mekonomen AB says will invest SEK 250 mln in central warehouse
Monday, 14 Mar 2016 

Mekonomen AB:Says has signed letter of intent to invest in a new automated central warehouse in Strangnas.Says estimated investment cost is 250 million Swedish crowns during 2016-2018.Says estimated savings due to investment will be 50 million crowns per year from 2020.  Full Article

Mekonomen AB maintains dividend
Thursday, 18 Feb 2016 

Mekonomen AB:‍Board of directors proposes a dividend of 7.00 crowns (7.00 crowns year ago) for FY 2015.  Full Article

BRIEF-Mekonomen Q3 operating profit below forecasts

* Reuters poll mean forecast was for EBIT of 152 mln SEK and sales of 1,414 mln SEK Source text for Eikon: Further company coverage: (Reporting by Stockholm Newsroom)