Brief: Meko: Rising Prices Negatively Impact Adjusted EBIT Margin For Q2

Meko AB

23/08/2023 06:37

Aug 23 (Reuters) - Meko AB  MEKO.ST :
    * WE INCREASED SALES, IMPROVED OPERATING PROFIT AND
GENERATED
HIGHER CASH FLOW.
    * WE KNOW THAT NEED FOR SERVICING AND REPAIRS REMAINS
CONSTANT
EVEN IF SOME DEMAND MAY BE TEMPORARILY POSTPONED DURING
DIFFICULT TIMES
    * IMPROVING MARKET CONDITIONS, PARTICULARLY IN SWEDEN,
NORWAY AND
DENMARK.
    * SHARPEST INCREASE WAS NOTED IN POLAND/ BALTICS AND DENMARK
BUSINESS AREAS.
    * RISING PRICES AND IMPACT OF WEAK SEK AND NOK AGAINST EUR
HAD
NEGATIVE IMPACT ON OUR ADJUSTED EBIT MARGIN FOR QUARTER

Source text for Eikon:  ID:nWkr1Cp8jX 
Further company coverage:  MEKO.ST 

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