Interim report January – June 2008

22 August 2008 13:18

1 April – 30 June
• Revenues increased by 7 per cent to SEK 715 M (666). Taking into account currency effects and more workdays during the quarter, revenues increased by 2 per cent.

• EBIT amounted to SEK 79 M (76) and the EBIT margin to 11 per cent (11).

• Profit after financial items amounted to SEK 78 M (73).

• Profit after tax amounted to SEK 56 M (52) and earnings per share before and after dilution amounted to SEK 1.72 (1.62).

1 January – 30 June
• Revenues increased by 5 per cent to SEK 1,341 M (1,272). Taking into account currency effects, revenues increased by 4 per cent.

• EBIT amounted to SEK 126 M (129) and the EBIT margin to 9 per cent (10).

• Profit after financial items amounted to SEK 131 M (135).

• Profit after tax amounted to SEK 95 M (96).

• Earnings per share before and after dilution amounted to SEK 2.92 (2.96).

• Three brand-based workshops joined Mekonomen. Through the Mekonomen Service Centres and MekoPartner concepts, Mekonomen offers the opportunity of total business improvement for former brand-based entrepreneurs.

• During the first six months of the year, 173 new workshops were affiliated, of which 132 belonged to the new MekoPartner workshop chain. The total number of workshops in the chain was 951, compared with 778 at the end of 2007.

• At the end of the period, contracts were signed in the corporate market with Bravida, Avis and Relacom in Sweden and with SAC Leasing and IKEA in Denmark.


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

Mekonomen AB (publ), Corp. Reg. No: 556392-1971
Box 6077
SE-141 06 Kungens Kurva
Tel: +46 (0)8-464 00 00, Fax: +46 (0)8-464 00 66