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MEKO Meko AB News Story

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Brief: Meko Q2 Adj EBIT Down At SEK 175 Mln

July 25 (Reuters) - Meko AB MEKO.ST:

Q2 REVENUE SEK 4,508 MILLION, DOWN 4% Y/Y

Q2 EBIT SEK 91 MILLION

Q2 ADJUSTED EPS SEK -0.12

Q2 ADJUSTED EBIT SEK 175 MILLION VS SEK 357 MILLION YEAR AGO

Q2 EBIT MARGIN 2%

Q2 ORGANIC GROWTH -5%

Q2 ADJUSTED EBIT MARGIN 3.8%

Q2 WAS MARKED BY CONTINUED ECONOMIC UNCERTAINTY AND INTENSE COMPETITION

WE ARE IMPLEMENTING A NEW COST REDUCTION PROGRAM THAT WILL LOWER OUR COSTS BY SEK 100 MILLION ANNUALLY

Source text: ID:nMFNbcVdLV

Further company coverage: MEKO.ST

 (Gdansk Newsroom)

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

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