Sweden's Meko Q4 revenue misses estimates on negative currency impact

Meko AB

12/02/2026 06:37

Overview

Sweden-based automotive aftermarket firm's Q4 revenue declined, missing analyst expectations

Adjusted EBIT for Q4 beat analyst estimates

Company faced challenges due to economic conditions and increased competition

Outlook

Meko aims to focus on increased growth and profitability in 2026

Company plans to continue investing in branch and warehouse network

Meko to strengthen online presence and develop product range

Result Drivers

WAREHOUSE INVESTMENTS - Major investments in new automated warehouses were completed, impacting costs and positioning for future growth

COMPETITION AND CONSUMER BEHAVIOR - Intensified competition and consumers postponing repairs contributed to sales decline

CURRENCY EFFECTS - Negative currency effects impacted net sales by 3%

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Miss
SEK 4.51 bln
SEK 4.59 bln (2 Analysts)
Q4 Adjusted EPS
-SEK 0.19
Q4 Adjusted EBIT
Beat
SEK 165 mln
SEK 89 mln (2 Analysts)
Q4 Adjusted EBIT Margin
3.60%
Q4 EBIT
SEK 103 mln
Q4 EBIT Margin
2.20%
Q4 Organic Growth
0.00%


Analyst Coverage

The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the auto vehicles, parts & service retailers peer group is "buy."

Wall Street's median 12-month price target for Meko AB is SEK110.00, about 53.6% above its February 11 closing price of SEK71.60

The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 7 three months ago

Press Release: ID:nMFN38Y3PH

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)