Edition:
India

Mekonomen Q2 EBIT Rises To SEK 240 Million


Friday, 23 Aug 2019 

Aug 23 (Reuters) - Mekonomen AB ::SECOND QUARTER INTERIM REPORT JANUARY - JUNE 2019.1 APRIL - 30 JUNE 2019 NET SALES AMOUNTED TO SEK 3,100 M (1,633).Q2 EBIT SEK 240 MILLION VERSUS SEK 173 MILLION YEAR AGO.APRIL-JUNE ADJUSTED EBIT AMOUNTED TO SEK 280 M (217)..SWEDISH AND NORWEGIAN MARKETS HAVE GROWN IN LINE WITH OUR EXPECTATIONS OF A LONG-TERM SALES GROWTH OF 1 - 2 PER CENT.FOR FIRST SIX MONTHS ORGANIC NET SALES INCREASED BY 1 PER CENT..DURING SECOND HALF OF 2019, OUR MAIN FOCUS REMAINS ON INCREASING PROFITABILITY AND INCREASING CASH FLOW.COST-SAVINGS PROGRAMME INITIATED AT BEGINNING OF YEAR PROCEEDING AS PLANNED, WITH LIMITED EFFECTS IN Q2.PROGRAMME WILL GENERATE COST REDUCTIONS OF SEK 65 M ON AN ANNUAL BASIS, WITH FULL EFFECT AT END OF Q4 2019.I AM NOT SATISFIED WITH DEVELOPMENT IN RECENT YEARS WHEN IT COMES TO OUR UNPROFITABLE OPERATIONS IN GROUP - CEO. 

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78.25
-0.35 -0.45%
20 Sep 2019