Brief: Mekonomen Q4 EBIT Up At SEK 104 Mln

Meko AB

07/02/2020 06:41

Feb 7 (Reuters) - Mekonomen AB  MEKO.ST :
    * YEAR-END REPORT JANUARY - DECEMBER 2019
    * PROPOSES A DIVIDEND OF SEK 0,50 (0.00) PER SHARE. CEO
COMMENTS
    * Q4 REVENUE SEK 2.95 BILLION VERSUS SEK 2.86 BILLION YEAR
AGO
    * Q4 EBIT SEK 104 MILLION VERSUS SEK 57 MILLION YEAR AGO
    * UNUSUALLY MILD START OF WINTER SEASON AND EXTENDED
CHRISTMAS
HOLIDAY PERIOD ARE MAIN EXPLANATION OF WEAK DEMAND
    * ORGANIC GROWTH WAS 1 PER CENT IN Q4 AND 2 PER CENT FOR
FULL
YEAR, MAINLY DRIVEN BY CONTINUED SOLID GROWTH IN POLAND
    * ORGANIC GROWTH WEIGHED DOWN BY SOFT MARKET IN SCANDINAVIA
IN
LATTER PART OF YEAR
    * GOING FORWARD WE WILL BENEFIT FROM INCREASED SALES PRICES
IN OUR
SWEDISH AND NORWEGIAN MARKETS,
    * ADJUSTED EBIT WAS NEGATIVELY IMPACTED BY LOW ORGANIC
GROWTH BUT
COMPENSATED FOR BY OUR CONTINUED FOCUS ON COST CONTROL WITHIN
GROUP

Source text for Eikon:  ID:nWkrbH2Q9P 
Further company coverage:  MEKO.ST 

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