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Mekonomen AB (MEKO.ST)

MEKO.ST on Stockholm Stock Exchange

0.00SEK
26 May 2017
Change (% chg)

-168.50kr (-100.00%)
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168.50kr
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Avg. Vol
69,833
52-wk High
202.00kr
52-wk Low
150.50kr

Latest Key Developments (Source: Significant Developments)

Lannebo Fonder AB cuts stake to 4.83 pct in Mekonomen
Thursday, 18 May 2017 02:47am EDT 

May 18 (Reuters) - MEKONOMEN AB :LANNEBO FONDER AB CUTS STAKE TO 4.83 % IN MEKONOMEN - FINANSINSPEKTIONEN.  Full Article

Mekonomen Q1 EBIT lags expectations
Wednesday, 10 May 2017 01:40am EDT 

May 10 (Reuters) - Mekonomen Ab :Mekonomen q1 ebit 126 million sek (121) vs Reuters poll forecast 132 mln .Revenue increased 7 per cent to SEK 1,518 M (1,424).Sales in comparable units rose 5 per cent.Says for the full year we see potential for an increasing overall total market as recent statistics shows that the number of miles driven increased for the third year in a row in Sweden, the car park is growing and new car sales have increased steadily the last years.For Mekonomen Group, the potential for a stronger market is primarily linked to an increased car park for cars three years and older.  Full Article

Mekonomen Q2 profit lags consensus, launches savings programme
Friday, 26 Aug 2016 01:42am EDT 

Mekonomen Ab : Q2 ebit amounted to sek 161 m . q2 revenue increased 3 per cent to sek 1,573 m (1,527) . Reuters poll: mekonomen q2 revenues were seen at sek 1,538 million, ebit at sek 188 million . Says we implement an efficiency and cost-rationalisation program for mekonomen sweden which is expected to generate annual savings of sek 25 m from 2017 . Says cost of program is expected to have only a marginal impact on ebit for 2016 . says we see potential for a growing overall market .says growing fleet of cars and completion of changes initiated in mekonomen group provide a solid platform for future profitable growth.  Full Article

Mekonomen Q1 EBIT lags forecast
Wednesday, 11 May 2016 01:37am EDT 

Mekonomen Ab : Q1 revenue increased 3 percent to SEK 1,424 million (1,382). . Q1 EBIT amounted to SEK 121 million (142). . Says underlying growth for Mekonomen group remained favourable in Q1, despite negative easter effect. . Says expect conditions for a slightly stronger overall market in 2016, primary as a consequence of favourable new car sales in recent years. . Reuters poll: Mekonomen Q1 revenues were seen at SEK 1,367 million, EBIT at SEK 143 million. . Says in 2016, sales growth is main focus. . Says EBIT was lower compared with Q1 of 2015, a main cause being a weak Ebit in Mekonomen Sweden. Further company coverage: [MEKO.ST] (Reporting By Johan Sennero) ((Johan.Sennero@thomsonreuters.com;)).  Full Article

Mekonomen AB says will invest SEK 250 mln in central warehouse
Monday, 14 Mar 2016 03:30am EDT 

Mekonomen AB:Says has signed letter of intent to invest in a new automated central warehouse in Strangnas.Says estimated investment cost is 250 million Swedish crowns during 2016-2018.Says estimated savings due to investment will be 50 million crowns per year from 2020.  Full Article

Mekonomen AB maintains dividend
Thursday, 18 Feb 2016 01:30am EST 

Mekonomen AB:‍Board of directors proposes a dividend of 7.00 crowns (7.00 crowns year ago) for FY 2015.  Full Article

More From Around the Web

BRIEF-Lannebo Fonder AB cuts stake to 4.83 pct in Mekonomen

* LANNEBO FONDER AB CUTS STAKE TO 4.83 % IN MEKONOMEN - FINANSINSPEKTIONEN Source text for Eikon: Further company coverage: (Gdynia Newsroom)