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Mekonomen AB (MEKO.ST)

MEKO.ST on Stockholm Stock Exchange

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Latest Key Developments (Source: Significant Developments)

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

Mekonomen AB names Magnus Johansson as new CEO
Thursday, 28 May 2015 08:00pm EDT 

Mekonomen AB:Says Magnus Johansson new CEO of Mekonomen.The current Mekonomen Nordic CEO will start his new position at June 15.  Full Article

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BRIEF-Mekonomen's CFO to leave the company

* Says Per Hedblom leaves his position as CFO of Mekonomen group