MEKO is increasing its focus on the Norwegian market and investing in a new fully automated central warehouse in Oslo. The new facility will consolidate MEKO's inventory management in Norway and is expected to provide lasting cost savings and improved service. The warehouse is anticipated to be fully operational by the end of 2025.

Construction is planned to start in 2024 with full utilization by the end of 2025. Theestablishment of the central warehouse is not expected to significantly impact MEKO's cash flow or results.