Nov 07, 2024 / 08:00AM GMT
Operator
Please go ahead.
Pehr Oscarson - Meko AB - President, Chief Executive Officer
Thank you. Good morning, everyone and welcome to Meko's third quarter result presentation. I'm here with our CFO Chris Johansson and together we'll talk you through our performance and current position.
We often say that our business model is resilient. There's always stable demand for cars that function properly compared to other industries. We are largely buffered from economic fluctuations even though we still feel the impact our experience so far shows that our business hasn't been fundamentally affected by technological shifts. If we adapt to the changes, as we all know, the electric vehicle transformation has slowed, but it won't stop.
We've been in Norway for a long time, the country where the transformation is the most advanced. We're still in the early stage of this shift and electric vehicles continue to evolve. However, our experience in Norway suggests that the total repair cost over electric cars lifetime seems to be quite comparable to those for
Q3 2024 Meko AB Earnings Call Transcript
Nov 07, 2024
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