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
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