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Mekonomen AB (MEKO.ST)

MEKO.ST on Stockholm Stock Exchange

95.30SEK
16 Nov 2018
Change (% chg)

-0.20kr (-0.21%)
Prev Close
95.50kr
Open
96.00kr
Day's High
97.00kr
Day's Low
94.30kr
Volume
186,591
Avg. Vol
157,245
52-wk High
138.24kr
52-wk Low
93.70kr

Latest Key Developments (Source: Significant Developments)

Mekonomen Says Co's Rights Issue Oversubscribed
Friday, 19 Oct 2018 

Oct 19 (Reuters) - Mekonomen AB ::MEKONOMEN'S RIGHTS ISSUE OVERSUBSCRIBED.MEKONOMEN AB - AS A RESULT OF RIGHTS ISSUE, MEKONOMEN WILL RECEIVE PROCEEDS AMOUNTING TO APPROXIMATELY SEK 1,621M BEFORE COSTS RELATED TO RIGHTS ISSUE.MEKONOMEN AB SAYS RIGHTS ISSUE WILL INCREASE MEKONOMEN'S SHARE CAPITAL WITH SEK 51,287,837.50 TO SEK 141,041,555.00 BY ISSUING 20,515,135 SHARES.  Full Article

Mekonomen Expects Sales In Q3 To Improve Yoy
Friday, 28 Sep 2018 

Sept 28 (Reuters) - Mekonomen AB ::SAYS EXCLUDING RECENTLY ACQUIRED COMPANIES FTZ1 AND INTER-TEAM2, SALES ARE EXPECTED TO BE HIGHER THAN Q3 2017.SAYS EBIT, EXCLUDING ITEMS AFFECTING COMPARABILITY AND ACQUISITIONS COSTS, IS BROADLY IN LINE WITH 2017 FOR Q3.SAYS MEKONOMEN GROUP'S OPERATIONAL PERFORMANCE FOR Q3 2018 WILL BE NEGATIVELY AFFECTED BY AN UNUSUALLY WARM SUMMER.SAYS MEKONOMEN GROUP'S OPERATIONAL PERFORMANCE FOR Q3 2018 WILL BE NEGATIVELY AFFECTED BY AN UNUSUALLY WARM SUMMER, CURRENCY EFFECTS AND AN INCREASED NUMBER OF OWN WORKSHOPS.SAYS Q3 2017 WAS POSITIVELY AFFECTED BY ITEMS AFFECTING COMPARABILITY AND HENCE Q3 2018 WILL BE NEGATIVELY AFFECTED BY COMPARISON.  Full Article

Mekonomen announces the terms of its rights issue
Monday, 24 Sep 2018 

Sept 24 (Reuters) - Mekonomen AB ::SHAREHOLDERS IN MEKONOMEN HAVE PREFERENTIAL RIGHTS TO SUBSCRIBE FOR FOUR (4) NEW SHARES PER SEVEN (7) EXISTING SHARES.SUBSCRIPTION PRICE IS SEK 79 PER SHARE, WHICH AMOUNTS TO PROCEEDS OF SEK 1,621M BEFORE COSTS RELATED TO RIGHTS ISSUE.RECORD DATE FOR RIGHTS ISSUE IS 1 OCTOBER 2018 AND SUBSCRIPTION PERIOD RUNS FROM 3 OCTOBER 2018 TO 18 OCTOBER 2018, BOTH DATES INCLUSIVE.SUBSCRIPTION COMMITMENTS IN RIGHTS ISSUE CORRESPOND TO 42.9 PER CENT OF RIGHTS ISSUE.  Full Article

Mekonomen April-June Revenue Rises To SEK 1.67 Bln
Friday, 27 Jul 2018 

July 27 (Reuters) - Mekonomen AB ::SAYS 1 APRIL - 30 JUNE 2018 REVENUE AMOUNTED TO SEK 1,673 M (1,560).APRIL-JUNE EBITA AMOUNTED TO SEK 202 M (203).SAYS SALES GROWTH IN Q2 OF 2018, POSITIVELY IMPACTED BY A LATE SPRING."WE EXPECT ACQUISITIONS TO GENERATE SYNERGIES OF SEK 100 M ANNUALLY, MAINLY WITHIN PURCHASING, WITH FULL EFFECT FROM 2021."."WORK RELATED TO JOINT CENTRAL WAREHOUSE FOR MECA AND MEKONOMEN IN SWEDEN IS PROGRESSING ACCORDING TO PLAN".CENTRAL WAREHOUSE AND NEW DIGITAL SPARE PARTS CATALOGUE PROJECTS PROCEEDING AS PLANNED.WORK RELATED TO JOINT CENTRAL WAREHOUSE FOR MECA AND MEKONOMEN IN SWEDEN IS EXPECTED TO GENERATE COST SAVINGS OF SEK 50 M AS OF 2020.  Full Article

Mekonomen Entered Into Agreement To Acquire car parts distributors
Friday, 6 Jul 2018 

July 6 (Reuters) - Mekonomen AB ::ENTERED INTO AGREEMENT TO ACQUIRE FTZ IN DENMARK AND INTER-TEAM IN POLAND.PURCHASE PRICE AT EUR 395 MILLION.INTENDS TO PROPOSE RIGHTS ISSUE OF ABOUT SEK 1,650 MILLION.  Full Article

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