Brief: Mekonomen Q1 Adjusted EBIT Flat At SEK 225 Million

Meko AB

11/05/2022 06:53

May 11 (Reuters) - Mekonomen AB  MEKO.ST :
    * Q1 NET SALES SEK 3.16 BILLION VERSUS SEK 3.0 BILLION YEAR
AGO
    * Q1 ADJUSTED EBIT SEK 225 MILLION VERSUS SEK 224 MILLION
YEAR AGO
    * UNCERTAIN WORLD SITUATION HAD NO SUBSTANTIAL IMPACT ON
SALES
DURING QUARTER
    * NEGATIVE EFFECT ON CASH FLOW DUE TO BUILD UP OF BUFFER
INVENTORY
TO OFFSET IMPACT OF DISRUPTIONS IN SUPPLY CHAIN
    * WE EXPECT UNDERLYING DEMAND FOR OUR PRODUCTS AND SERVICES
TO
REMAIN FAVORABLE.

Source text for Eikon:  ID:nWkr1RZ6w1 
Further company coverage:  MEKO.ST 

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