Meko AB Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 23, 2023 at 01:30 am EDT
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Meko AB (publ) reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was SEK 4,292 million compared to SEK 3,357 million a year ago. Revenue was SEK 4,453 million compared to SEK 3,415 million a year ago. Net income was SEK 169 million compared to SEK 97 million a year ago. Basic earnings per share from continuing operations was SEK 3.03 compared to SEK 1.73 a year ago.
For the six months, sales was SEK 8,265 million compared to SEK 6,512 million a year ago. Revenue was SEK 8,506 million compared to SEK 6,640 million a year ago. Net income was SEK 249 million compared to SEK 215 million a year ago. Basic earnings per share from continuing operations was SEK 4.46 compared to SEK 3.84 a year ago.
Meko AB, formerly Mekonomen Aktiebolag is a Sweden-based corporate Group that operates and develops business in the automotive aftermarket. The Company is a spare parts distributor with concepts and brands in Northern Europe Denmark, Norway, and Sweden, and Polish market with exports to Germany, the Czech Republic and the Baltics, among others. Meklo operates within four business areas: FTZ, Inter-Team, MECA/Mekonomen and Soerensen og Balchen. The FTZ business area primarily includes wholesale and branch operations in Denmark. The Inter-Team business area primarily includes wholesaling and shop operations in Poland and export operations. The MECA/Mekonomen business area primarily includes wholesale, branch, workshop and fleet operations in Sweden, Norway and Finland. The business area consists of the operations MECA, Mekonomen and a number of smaller operations. The Soerensen og Balchen business area primarily includes wholesale and shop operations in Norway.
MEKO AB 
