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MEKO Meko AB News Story

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Brief: Meko Q1 Adjusted EBIT Down At SEK 200 Million

May 7 (Reuters) - Meko AB MEKO.ST:

Q1 ADJUSTED EBIT SEK 200 MILLION

Q1 EBIT SEK 173 MILLION

Q1 EBIT MARGIN 3.8%

Q1 ORGANIC GROWTH 1%

Q1 ADJUSTED EBIT MARGIN 4.4%

Q1 ADJUSTED EPS SEK 1

INITIATIVES AIMED AT IMPROVING MEKO'S EARNINGS AND FINANCIAL POSITION ARE YIELDING POSITIVE RESULTS

WE NEED TO FURTHER IMPROVE PROFITABILITY

WE ARE NOW IMPLEMENTING ADDITIONAL COST REDUCTIONS

CONTINUING TO SEE INTENSE COMPETITION AMONG SPARE PARTS WHOLESALERS, WORKSHOPS AND STORES

Source text: ID:nMFN4Tfctq

Further company coverage: MEKO.ST

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))

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