MEKO AB (LTS:0HDJ)
kr 135.1 0 (0%) Market Cap: 7.55 Bil Enterprise Value: 11.93 Bil PE Ratio: 17.25 PB Ratio: 1.16 GF Score: 87/100
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Q2 2019 Mekonomen AB Earnings Call Transcript

Aug 23, 2019 / 08:00AM GMT
Release Date Price: kr74.6 (+17.34%)
Operator

Good morning and welcome to Mekonomen's Quarter 2 Presentation 2019. My name is Anna, and I will be your coordinator for today's conference. (Operator Instructions) I will now hand you over to CEO, Pehr Oscarson, your host for this call. Thank you.

Pehr Oscarson;publ;President;CEO
Mekonomen AB

()-&

Thank you. Good morning, and welcome. Today, with me, I also have Ãsa Källenius, the CFO. And I will start the presentation with going directly into the first slide.

The second quarter of 2019, we could report a stable organic sales, of course, in total, we have an increase of 90% when we also include the acquisitions of FTZ and Inter-Team.

Going forward, we will continue to focus with profitable growth and cash flow. We have an ongoing cost-saving program, which we have announced earlier, but it's working according to plan, and it will give us a full effect of annually SEK 65 million at the end of Q4.

We're also acting on unprofitable business, streamlining our organization, and of

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