Investing.com - Financial Markets Worldwide

Meko reports Q2 revenue drop, launches cost reduction program

Published 25/07/2025, 06:48
© Reuters.
MEKO
-0.92%

Investing.com -- Swedish automotive parts retailer Meko AB (ST:MEKO) on Friday reported a 4% year-over-year decline in second-quarter revenue to SEK 4,508 million, with organic growth falling 5%.

The company posted an EBIT of SEK 91 million for the quarter, representing an EBIT margin of 2%. On an adjusted basis, EBIT came in at SEK 175 million, down significantly from SEK 357 million in the same period last year, with the adjusted EBIT margin at 3.8%.

Adjusted earnings per share for the quarter were negative at SEK -0.12.

Meko noted that the second quarter was characterized by continued economic uncertainty and intense competition in its markets.

In response to these challenges, the company announced it is implementing a new cost reduction program aimed at lowering annual costs by SEK 100 million.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.