Year-end report for January–December 2007

15 February 2008 08:00

1 January – 31 December

• Revenues increased by 4 per cent to SEK 2,550 M (2,450).

• EBIT amounted to SEK 250 M (220) and EBIT margin increased to 10 per cent (9). Earnings were charged with costs in the amount of SEK 15 M for the distribution project in Denmark and an increase in the costs of premises totalling SEK 12 M. Earnings for the preceding year were charged with nonrecurring costs totalling SEK 26 M.

• Income after financial items amounted to SEK 418 M (198), including a capital gain totalling SEK 151 M from the sale of the Group’s property portfolio and currency effects in the amount of SEK 13 M (neg: 11).

• Profit after tax amounted to SEK 348 M (140). Adjusted for the property transaction, profit after tax amounted to SEK 192 M.

• Earnings per share before and after dilution amounted to SEK 11.03 (4.28) and, adjusted for the property transaction, to SEK 5.98.

• The Board of Directors proposes a share dividend of SEK 6.00 (3.00) based on the year’s earnings, plus a bonus dividend of SEK 5.00 (7.00) per share.

1 October – 31 December

• Revenues increased by 4 per cent to SEK 653 M (630).

• EBIT amounted to SEK 43 M (74) and EBIT margin to 7 per cent (12). Compared with the preceding year, earnings were charged with costs in the amount of SEK 14 M for the distribution project in Denmark and an increase in the costs of premises totalling SEK 6 M. Earnings for the preceding year were affected positively in the amount of SEK 13 M following the reversal of previously made provisions.

• Income after financial items increased by 3 per cent to SEK 68 M (66). Earnings included a positive earnings effect from the sale of the Group’s property portfolio totalling SEK 17 M.

• Profit after tax increased by 41 per cent to SEK 65 M (46) and earnings per share before and after dilution increased by 39 per cent to SEK 2.13 (1.53).


For further information, please contact:
Håkan Lundstedt, President and CEO Mekonomen AB, Tel. +46 (0)8-464 00 00
Gunilla Spongh, CFO Mekonomen AB, Tel. +46 (0)8-464 00 00
Boel Sundvall, Head of communications Mekonomen AB, Tel. +46 (0)8-464 00 00