"The second quarter was marked by continued economic uncertainty and intense competition. This led to weaker sales and lower earnings compared with the corresponding period in 2024. To meet these developments, we are implementing a new cost reduction program that will lower our costs by SEK 100 million annually, with full effect starting in beginning of 2026. In parallel, we are continuing to strengthen MEKO in the long term by establishing our high-tech central warehouses – a strategic step that paves the way for increased growth."
Pehr Oscarson, President and CEO, on the second interim report of 2025.