Recent Insider Transactions • May 11
President & CEO recently bought kr1.8m worth of stock On the 7th of May, Pehr Oscarson bought around 25k shares on-market at roughly kr73.28 per share. This transaction amounted to 4.9% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Pehr has been a buyer over the last 12 months, purchasing a net total of kr7.7m worth in shares. Aankondiging • Apr 23
Meko AB (publ) to Report Q1, 2026 Results on May 07, 2026 Meko AB (publ) announced that they will report Q1, 2026 results at 7:30 AM, Central European Standard Time on May 07, 2026 New Risk • Apr 20
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 30% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.7x net interest cover). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.2% net profit margin). Reported Earnings • Apr 20
Full year 2025 earnings released: EPS: kr0.65 (vs kr7.74 in FY 2024) Full year 2025 results: EPS: kr0.65 (down from kr7.74 in FY 2024). Revenue: kr18.4b (down 1.0% from FY 2024). Net income: kr36.0m (down 92% from FY 2024). Profit margin: 0.2% (down from 2.3% in FY 2024). Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Retail Distributors industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Recent Insider Transactions • Mar 02
President & CEO recently bought kr1.3m worth of stock On the 27th of February, Pehr Oscarson bought around 20k shares on-market at roughly kr66.08 per share. This transaction amounted to 3.8% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Pehr has been a buyer over the last 12 months, purchasing a net total of kr5.8m worth in shares. Reported Earnings • Feb 13
Full year 2025 earnings released: EPS: kr0.65 (vs kr7.74 in FY 2024) Full year 2025 results: EPS: kr0.65 (down from kr7.74 in FY 2024). Revenue: kr18.4b (down 1.0% from FY 2024). Net income: kr36.0m (down 92% from FY 2024). Profit margin: 0.2% (down from 2.3% in FY 2024). Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Retail Distributors industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Aankondiging • Jan 29
Meko AB (publ) to Report Fiscal Year 2025 Results on Feb 12, 2026 Meko AB (publ) announced that they will report fiscal year 2025 results at 7:30 AM, Central European Standard Time on Feb 12, 2026 Recent Insider Transactions • Nov 15
President recently bought kr1.2m worth of stock On the 13th of November, Pehr Oscarson bought around 15k shares on-market at roughly kr77.43 per share. This transaction amounted to 3.0% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Pehr has been a buyer over the last 12 months, purchasing a net total of kr5.8m worth in shares. New Risk • Nov 14
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 36% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.1x net interest cover). Earnings have declined by 11% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (dividend per share is over 5x earnings per share). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.2% net profit margin). Reported Earnings • Nov 14
Third quarter 2025 earnings released: EPS: kr0.09 (vs kr4.04 in 3Q 2024) Third quarter 2025 results: EPS: kr0.09 (down from kr4.04 in 3Q 2024). Revenue: kr4.49b (down 3.2% from 3Q 2024). Net income: kr5.00m (down 98% from 3Q 2024). Profit margin: 0.1% (down from 4.9% in 3Q 2024). Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Retail Distributors industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. New Risk • Nov 13
New major risk - Revenue and earnings growth Earnings have declined by 3.8% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (20% operating cash flow to total debt). Earnings have declined by 3.8% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (1.4% net profit margin). Aankondiging • Nov 13
Meko AB (publ), Annual General Meeting, May 07, 2026 Meko AB (publ), Annual General Meeting, May 07, 2026. Upcoming Dividend • Nov 07
Upcoming dividend of kr1.95 per share Eligible shareholders must have bought the stock before 14 November 2025. Payment date: 20 November 2025. Payout ratio is on the higher end at 83%, however this is supported by cash flows. Trailing yield: 5.2%. Lower than top quartile of British dividend payers (5.5%). Higher than average of industry peers (3.8%). Aankondiging • Oct 30
Meko AB (publ) to Report Q3, 2025 Results on Nov 13, 2025 Meko AB (publ) announced that they will report Q3, 2025 results at 7:30 AM, Central European Standard Time on Nov 13, 2025 New Risk • Sep 10
New major risk - Revenue and earnings growth Earnings have declined by 3.8% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (20% operating cash flow to total debt). Earnings have declined by 3.8% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (1.4% net profit margin). Recent Insider Transactions • Sep 08
President recently bought kr785k worth of stock On the 4th of September, Pehr Oscarson bought around 10k shares on-market at roughly kr78.45 per share. This transaction amounted to 2.0% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr1.8m. Pehr has been a buyer over the last 12 months, purchasing a net total of kr7.4m worth in shares. Recent Insider Transactions • Aug 14
President recently bought kr797k worth of stock On the 12th of August, Pehr Oscarson bought around 10k shares on-market at roughly kr83.50 per share. This transaction amounted to 2.0% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr1.8m. Pehr has been a buyer over the last 12 months, purchasing a net total of kr6.6m worth in shares. Recent Insider Transactions • Jul 28
President & CEO recently bought kr1.8m worth of stock On the 25th of July, Pehr Oscarson bought around 20k shares on-market at roughly kr87.98 per share. This transaction amounted to 4.3% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Pehr has been a buyer over the last 12 months, purchasing a net total of kr5.8m worth in shares. Reported Earnings • Jul 27
Second quarter 2025 earnings released: kr0.13 loss per share (vs kr2.86 profit in 2Q 2024) Second quarter 2025 results: kr0.13 loss per share (down from kr2.86 profit in 2Q 2024). Revenue: kr4.60b (down 3.3% from 2Q 2024). Net loss: kr7.00m (down 104% from profit in 2Q 2024). Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Retail Distributors industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 8% per year. Aankondiging • Jul 25
Meko AB (Publ) Announces Executive and Directorate Changes Meko AB (publ) announced reviewing the structure of its Group Management Team to strengthen its commercial focus. As part of this review, a new role as Director of Purchasing and Business Development is being introduced. At the same time, the role of Chief Operating Officer is being discontinued, and the Chief Legal Officer will no longer be part of Group Management. In connection with these changes, Petra Bendelin is leaving her position as Chief Operating Officer to pursue new opportunities outside MEKO. The role of Chief Operating Officer has carried overarching responsibility for operations across the Group. A more commercially focused position is now being established, with Marcus Larsson appointed Interim Director of Purchasing and Business Development. Marcus previously served as Executive Vice President of Mekonomen Group until 2017 and will hold the role until a permanent successor has been appointed. Petra Bendelin has served as MEKO's Chief Operating Officer since 2023 and has also been interim Managing Director of the Swedish operations since 2024. Following her departure, Pehr Oscarson will assume the role of Interim Managing Director of MEKO Sweden alongside his current duties as President and CEO. As part of the same review, the role of Director of Legal Affairs is also being removed from Group Management, which means Robert Hård will no longer be part of MEKO's Group Management Team. All other roles remain unchanged. Valuation Update With 7 Day Price Move • Jul 25
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to kr90.30, the stock trades at a trailing P/E ratio of 11.9x. Average forward P/E is 10x in the Retail Distributors industry in Europe. Total loss to shareholders of 18% over the past three years. Aankondiging • Jul 11
Meko AB (publ) to Report Q2, 2025 Results on Jul 25, 2025 Meko AB (publ) announced that they will report Q2, 2025 results at 7:30 AM, Central European Standard Time on Jul 25, 2025 Board Change • Jun 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director Walter Hanley was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Declared Dividend • May 23
Dividend of kr1.95 announced Shareholders will receive a dividend of kr1.95. Ex-date: 14th November 2025 Payment date: 20th November 2025 Dividend yield will be 3.4%, which is lower than the industry average of 4.6%. Sustainability & Growth Dividend is covered by both earnings (51% earnings payout ratio) and cash flows (31% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 66% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 15
First quarter 2025 earnings released: EPS: kr0.86 (vs kr0.93 in 1Q 2024) First quarter 2025 results: EPS: kr0.86 (down from kr0.93 in 1Q 2024). Revenue: kr4.68b (up 6.6% from 1Q 2024). Net income: kr48.0m (down 7.7% from 1Q 2024). Profit margin: 1.0% (down from 1.2% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Retail Distributors industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Aankondiging • May 13
Meko AB (publ) to Report Q1, 2025 Results on May 15, 2025 Meko AB (publ) announced that they will report Q1, 2025 results at 7:30 AM, Central European Standard Time on May 15, 2025 Upcoming Dividend • May 09
Upcoming dividend of kr1.95 per share Eligible shareholders must have bought the stock before 16 May 2025. Payment date: 22 May 2025. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of British dividend payers (5.9%). In line with average of industry peers (3.2%). Declared Dividend • Apr 11
Final dividend of kr1.95 announced Shareholders will receive a dividend of kr1.95. Ex-date: 16th May 2025 Payment date: 22nd May 2025 Dividend yield will be 3.2%, which is lower than the industry average of 4.6%. Sustainability & Growth Dividend is covered by both earnings (50% earnings payout ratio) and cash flows (19% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 62% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 31
Full year 2024 earnings released: EPS: kr7.74 (vs kr7.49 in FY 2023) Full year 2024 results: EPS: kr7.74 (up from kr7.49 in FY 2023). Revenue: kr18.5b (up 7.4% from FY 2023). Net income: kr433.0m (up 3.3% from FY 2023). Profit margin: 2.3% (down from 2.4% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Retail Distributors industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Aankondiging • Feb 14
Meko AB (publ), Annual General Meeting, May 15, 2025 Meko AB (publ), Annual General Meeting, May 15, 2025. Reported Earnings • Feb 13
Full year 2024 earnings released: EPS: kr7.74 (vs kr7.49 in FY 2023) Full year 2024 results: EPS: kr7.74 (up from kr7.49 in FY 2023). Revenue: kr18.5b (up 7.4% from FY 2023). Net income: kr433.0m (up 3.3% from FY 2023). Profit margin: 2.3% (down from 2.4% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.6% p.a. on average during the next 2 years, compared to a 2.1% decline forecast for the Retail Distributors industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Board Change • Dec 22
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Eivor Andersson was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Dec 20
Meko AB (publ) Appoints Marie Björklund and Jörn Werner as New Members of the Board of Directors Meko AB (publ) at tis Extraordinary General Meeting held on 19 December 2024, appointed Marie Björklund and Jörn Werner as new members of the company's Board of Directors. For the period until the Annual General Meeting 2025, the Board consist of Dominick Zarcone (Chairman), Eivor Andersson, Kenny Bräck, Magnus Håkansson, Robert Reppa and Helena Skåntorp, elected at the Annual General Meeting 2024, as well as Jörn Werner and Marie Björklund. Recent Insider Transactions • Nov 25
President & CEO recently bought kr1.3m worth of stock On the 20th of November, Pehr Oscarson bought around 10k shares on-market at roughly kr127 per share. This transaction amounted to 2.3% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr1.4m. Pehr has been a buyer over the last 12 months, purchasing a net total of kr8.1m worth in shares. Recent Insider Transactions • Nov 11
President & CEO recently bought kr1.4m worth of stock On the 7th of November, Pehr Oscarson bought around 10k shares on-market at roughly kr144 per share. This transaction amounted to 2.4% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Pehr has been a buyer over the last 12 months, purchasing a net total of kr5.4m worth in shares. New Risk • Nov 10
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 20% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Reported Earnings • Nov 08
Third quarter 2024 earnings released: EPS: kr4.04 (vs kr3.11 in 3Q 2023) Third quarter 2024 results: EPS: kr4.04 (up from kr3.11 in 3Q 2023). Revenue: kr4.64b (up 9.0% from 3Q 2023). Net income: kr226.0m (up 30% from 3Q 2023). Profit margin: 4.9% (up from 4.1% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 2.5% decline forecast for the Retail Distributors industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Nov 08
Upcoming dividend of kr1.85 per share Eligible shareholders must have bought the stock before 15 November 2024. Payment date: 21 November 2024. Payout ratio is a comfortable 54% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of British dividend payers (5.9%). In line with average of industry peers (2.6%). Aankondiging • Oct 19
Meko AB (publ) Announces Nomination Committee for 2025 Annual General Meeting Meko AB (publ) announced that the Nomination Committee adopted by the Annual General Meeting 2024, members of the Nomination Committee for the 2025 Annual General Meeting have been appointed. The following members will form the Nomination Committee: Dominick Zarcone appointed by LKQ Corporation; Magnus Sjöqvist appointed by Swedbank Robur Fonder AB; Thomas Wuolikainen appointed by the Fourth Swedish National Pension Fund; Mats Hellström appointed by Nordea Fonder AB. The members of the Nomination Committee will appoint a Committee Chairman at their first meeting. Helena Skåntorp, Board Member of MEKO, has been co-opted to the Nomination Committee. Reported Earnings • Aug 23
Second quarter 2024 earnings released: EPS: kr2.86 (vs kr3.02 in 2Q 2023) Second quarter 2024 results: EPS: kr2.86 (down from kr3.02 in 2Q 2023). Revenue: kr4.76b (up 6.9% from 2Q 2023). Net income: kr160.0m (down 5.3% from 2Q 2023). Profit margin: 3.4% (down from 3.8% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Specialty Retail industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Aug 22
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to kr123, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 14x in the Specialty Retail industry in the United Kingdom. Total loss to shareholders of 21% over the past three years. Aankondiging • Aug 02
Meko AB (publ) (OM:MEKO) completed the acquisition of ELIT Polska sp. z o. o. from Rhiag - Inter Auto Parts Italia S.R.L. Meko AB (publ) (OM:MEKO) has entered into a definitive agreement to acquire ELIT Polska sp. z o. o. from Rhiag - Inter Auto Parts Italia S.R.L. on May 10, 2024. Elit Polska’s 2023 revenue was approximately PLN 429 million. MEKO is acquiring all shares in Elit Polska, where the company’s 485 employees will join MEKO’s organization, enabling an even stronger offering to Polish customers. The transaction is expected to be completed during the second half of 2024 and is subject to customary closing conditions and necessary regulatory approvals and is subject to obtaining clearance from the President of the Office of Competition and Consumer Protection. Lenner & Partners Corporate Finance AB acted as Fairness Opinion Provider to Meko AB. Lenner & Partners concluded in their analysis that the financial valuation of the transaction is fair. Pawel Zdort, Iwona Her, Marek Kanczew and Marcin Serafin of Rymarz Zdort Maruta acted as legal advisor to Meko. Harald Strom of Nordea Securities AB acted as financial advisor to Meko AB (publ).
Meko AB (publ) (OM:MEKO) completed the acquisition of ELIT Polska sp. z o. o. from Rhiag - Inter Auto Parts Italia S.R.L. on August 1, 2024. Following a standard regulatory review, the acquisition has now been approved and the agreement finalized. Aankondiging • Jul 09
Meko AB (publ) acquired Automeister A S Meko AB (publ) agreed to acquire Automeister A S on July 8, 2024.Meko AB (publ) completed acquistiion of Automeister A S on July 8, 2024. Aankondiging • Jul 02
Meko AB (publ) Announces Step Down of Michael Løve as Board Member Meko AB (publ) announced that Michael Løve has informed the board that he is stepping down from his role as a board member to fully focus on his duties as CEO of the Danish energy company OK. Michael Løve was elected to MEKO's board in 2020 and has also held the position of CEO of OK in Denmark during this time. The recruitment of a replacement will begin immediately. Recent Insider Transactions • May 29
Chief Financial Officer recently bought kr479k worth of stock On the 24th of May, Christer Johansson bought around 4k shares on-market at roughly kr120 per share. This trade did not impact their existing holding. In the last 3 months, there was an even bigger purchase from another insider worth kr1.2m. This was Christer's only on-market trade for the last 12 months. Board Change • May 21
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. Independent Director Michael Love was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • May 20
President & CEO recently bought kr1.2m worth of stock On the 17th of May, Pehr Oscarson bought around 10k shares on-market at roughly kr122 per share. This transaction amounted to 2.5% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Pehr has been a buyer over the last 12 months, purchasing a net total of kr7.5m worth in shares. Declared Dividend • May 19
Dividend of kr1.85 announced Shareholders will receive a dividend of kr1.85. Ex-date: 15th November 2024 Payment date: 21st November 2024 Dividend yield will be 3.1%, which is lower than the industry average of 3.7%. Sustainability & Growth Dividend is covered by both earnings (53% earnings payout ratio) and cash flows (16% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 87% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 17
First quarter 2024 earnings released: EPS: kr0.93 (vs kr1.43 in 1Q 2023) First quarter 2024 results: EPS: kr0.93 (down from kr1.43 in 1Q 2023). Revenue: kr4.39b (up 8.3% from 1Q 2023). Net income: kr52.0m (down 35% from 1Q 2023). Profit margin: 1.2% (down from 2.0% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Specialty Retail industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 7% per year. Aankondiging • May 11
Meko AB (publ) (OM:MEKO) has entered into a definitive agreement to acquire ELIT Polska sp. z o. o. from LKQ Corporation (NasdaqGS:LKQ). Meko AB (publ) (OM:MEKO) has entered into a definitive agreement to acquire ELIT Polska sp. z o. o. from LKQ Corporation (NasdaqGS:LKQ) on May 10, 2024. Elit Polska’s 2023 revenue was approximately PLN 429 million. MEKO is acquiring all shares in Elit Polska, where the company’s 485 employees will join MEKO’s organization, enabling an even stronger offering to Polish customers. The transaction is expected to be completed during the second half of 2024 and is subject to customary closing conditions and necessary regulatory approvals. Additionally, the independent board engaged Lenner & Partners Corporate Finance AB for an independent assessment of the transaction's valuation. Lenner & Partners concluded in their analysis that the financial valuation of the transaction is fair. Upcoming Dividend • May 10
Upcoming dividend of kr1.85 per share Eligible shareholders must have bought the stock before 17 May 2024. Payment date: 23 May 2024. Payout ratio is a comfortable 49% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of British dividend payers (5.7%). Lower than average of industry peers (3.6%). Aankondiging • Apr 11
Meko AB (publ) Proposes Dividend, Payable on May 23, 2024 and November 21, 2024 The board of Meko AB (publ) proposed at the AGM to be held on, 16 May 2024, a dividend of SEK 3.70 per share be paid. The dividend is proposed to be paid in two instalments - the first of SEK 1.85 with record date 20 May 2024 and the second of SEK 1.85 with record date 18 November 2024. With the proposed record dates, the first instalment of the dividend is expected to be distributed by Euroclear Sweden AB on 23 May 2024 and the second instalment on 21 November 2024. Aankondiging • Mar 28
Meko AB (publ) to Report Fiscal Year 2023 Final Results on Mar 27, 2024 Meko AB (publ) announced that they will report fiscal year 2023 final results on Mar 27, 2024 Recent Insider Transactions • Mar 28
President & CEO recently bought kr584k worth of stock On the 25th of March, Pehr Oscarson bought around 5k shares on-market at roughly kr117 per share. This transaction amounted to 1.3% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr2.2m. Pehr has been a buyer over the last 12 months, purchasing a net total of kr7.5m worth in shares. Reported Earnings • Mar 27
Full year 2023 earnings released: EPS: kr7.49 (vs kr8.12 in FY 2022) Full year 2023 results: EPS: kr7.49 (down from kr8.12 in FY 2022). Revenue: kr17.3b (up 20% from FY 2022). Net income: kr419.0m (down 7.7% from FY 2022). Profit margin: 2.4% (down from 3.2% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Specialty Retail industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 3% per year. Declared Dividend • Feb 26
Final dividend of kr1.85 announced Shareholders will receive a dividend of kr1.85. Ex-date: 17th May 2024 Payment date: 23rd May 2024 Dividend yield will be 3.5%, which is lower than the industry average of 3.7%. Sustainability & Growth Dividend is covered by earnings (49% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 56% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Recent Insider Transactions • Feb 16
President & CEO recently bought kr2.2m worth of stock On the 14th of February, Pehr Oscarson bought around 20k shares on-market at roughly kr109 per share. This transaction amounted to 5.3% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Pehr has been a buyer over the last 12 months, purchasing a net total of kr6.9m worth in shares. Aankondiging • Feb 15
Meko AB (Publ) Proposes Dividend Meko AB (publ) proposed a dividend of SEK 3.70 (3.30) per share, corresponding to a total dividend of SEK 207 million (186). Payment of the dividend is proposed to take place in two installments, SEK 1.85 in May and SEK 1.85 in November. Reported Earnings • Feb 15
Full year 2023 earnings released: EPS: kr7.50 (vs kr8.12 in FY 2022) Full year 2023 results: EPS: kr7.50 (down from kr8.12 in FY 2022). Revenue: kr17.3b (up 20% from FY 2022). Net income: kr419.0m (down 7.7% from FY 2022). Profit margin: 2.4% (down from 3.2% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Specialty Retail industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Aankondiging • Nov 15
MEKO AB (publ) Appoints Christer Johansson as Chief Financial Officer, Effective February 19, 2024 MEKO AB (publ) has appointed Christer Johansson as its new Chief Financial Officer. With his extensive experience in finance and controlling, Christer Johansson will be instrumental in further strengthening MEKO's position. He will assume his new role on February 19, 2024. Currently serving as the Vice President of Business Control at Northvolt, Christer Johansson has an impressive track record, including a previous role as CFO at Hoist Finance. He also has a background as the Head of Ventures Office at SEB bank and as an advisor at the consulting firm McKinsey. Christer Johansson will begin his tenure on February 19, 2024. Upcoming Dividend • Nov 15
Upcoming dividend of kr2.20 per share at 3.2% yield Eligible shareholders must have bought the stock before 22 November 2023. Payment date: 28 November 2023. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of British dividend payers (6.4%). In line with average of industry peers (3.4%). Reported Earnings • Nov 14
Third quarter 2023 earnings released: EPS: kr3.11 (vs kr2.24 in 3Q 2022) Third quarter 2023 results: EPS: kr3.11 (up from kr2.24 in 3Q 2022). Revenue: kr4.26b (up 14% from 3Q 2022). Net income: kr174.0m (up 39% from 3Q 2022). Profit margin: 4.1% (up from 3.3% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Specialty Retail industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 1% per year. Aankondiging • Nov 09
Meko AB (publ), Annual General Meeting, May 16, 2024 Meko AB (publ), Annual General Meeting, May 16, 2024. Aankondiging • Oct 05
MEKO Appoints Anders Oxelström as New Director of Communications, Effective December 18, 2023 MEKO has appointed Anders Oxelström as the new Director of Communications. With a solid background as a leader in some of Sweden's larger media organizations and years of advising major Swedish publicly traded companies, Anders Oxelström will play an important role in enhancing MEKO's communication. He will assume his position on December 18th. Anders Oxelström has previously held positions including Senior News Director and Deputy Editor-in-Chief at Dagens Nyheter, Head and Editor-in-Chief for TV 4 News, and Head of the investigative program "Kalla Fakta" on the same channel. He is a partner and advisor at the communication firm Kreab, where for several years he has provided strategic communication advice to executive teams in listed companies. In 2023, he also served as the interim Communications Director at MEKO, a role he will assume permanently from December 18th onwards. Recent Insider Transactions • Sep 29
President & CEO recently bought kr922k worth of stock On the 27th of September, Pehr Oscarson bought around 10k shares on-market at roughly kr92.17 per share. This transaction amounted to 2.7% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr1.0m. Pehr has been a buyer over the last 12 months, purchasing a net total of kr6.4m worth in shares. Aankondiging • Sep 26
Meko AB (publ) Announces Establishment of Nomination Committee Meko AB (publ) announced that in accordance with the resolution of the Annual General Meeting on May 23, 2023, MEKO has established a Nomination Committee. This Committee shall prepare and submit proposals to the Annual General Meeting 2024, regarding: the election of a Chairman of the Annual General Meeting, the number of Board members and deputies, the election of the Chairman of the Board and other Board members, Board fees and any remuneration for committee work, the election of and fees for auditors, and guidelines for appointment of the Nomination Committee The Nomination Committee prior to the 2024 Annual General Meeting comprises Nick Zarcone appointed by LKQ Corporation, Magnus Sjöqvist appointed by Swedbank Robur Fonder AB, Thomas Wuolikainen appointed by the Fourth Swedish National Pension Fund "Fjärde AP-fonden" and Erik Nordström appointed by Didner & Gerge Fonder AB. The members of the Nomination Committee will appoint a Committee Chairman at their first meeting. MEKO´s board member, Helena Skåntorp, has been co-opted to the Nomination Committee. Recent Insider Transactions • Sep 08
President & CEO recently bought kr474k worth of stock On the 6th of September, Pehr Oscarson bought around 5k shares on-market at roughly kr97.50 per share. This transaction amounted to 1.4% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr1.0m. Pehr has been a buyer over the last 12 months, purchasing a net total of kr8.1m worth in shares. Recent Insider Transactions • Aug 27
President & CEO recently bought kr1.0m worth of stock On the 23rd of August, Pehr Oscarson bought around 10k shares on-market at roughly kr103 per share. This transaction amounted to 2.8% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Pehr has been a buyer over the last 12 months, purchasing a net total of kr7.6m worth in shares. Reported Earnings • Aug 23
Second quarter 2023 earnings released: EPS: kr3.02 (vs kr1.73 in 2Q 2022) Second quarter 2023 results: EPS: kr3.02 (up from kr1.73 in 2Q 2022). Revenue: kr4.45b (up 30% from 2Q 2022). Net income: kr169.0m (up 74% from 2Q 2022). Profit margin: 3.8% (up from 2.8% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Specialty Retail industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 2% per year. Recent Insider Transactions • May 29
President & CEO recently bought kr1.1m worth of stock On the 26th of May, Pehr Oscarson bought around 10k shares on-market at roughly kr107 per share. This transaction amounted to 2.9% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr1.2m. Pehr has been a buyer over the last 12 months, purchasing a net total of kr11m worth in shares. Aankondiging • May 25
AB Sagax (publ) (OM:SAGA A) acquired 6 central warehouse properties in Finland from Meko AB (publ) (OM:MEKO) for EUR 36.5 million. AB Sagax (publ) (OM:SAGA A) acquired 6 central warehouse properties in Finland from Meko AB (publ) (OM:MEKO) for EUR 36.5 million on May 24, 2023.AB Sagax (publ) (OM:SAGA A) completed the acquisition of 6 central warehouse properties in Finland from Meko AB (publ) (OM:MEKO) on May 24, 2023. Aankondiging • May 19
Åsa Källenius Resigns as Chief Finance Officer in Meko AB (publ) Åsa Källenius is leaving her position as MEKO's Chief Finance Officer at her own request to take on a new assignment outside the group. The process of recruiting a new CFO will begin immediately and Åsa Källenius will remain in her role until a successor is appointed. The recruitment process to appoint a new CFO will begin immediately. Until a successor is appointed, Åsa Källenius will remain in her role. Recent Insider Transactions • May 19
President & CEO recently bought kr1.2m worth of stock On the 16th of May, Pehr Oscarson bought around 10k shares on-market at roughly kr119 per share. This transaction amounted to 3.0% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Pehr has been a buyer over the last 12 months, purchasing a net total of kr9.8m worth in shares. Upcoming Dividend • May 17
Upcoming dividend of kr1.10 per share at 2.8% yield Eligible shareholders must have bought the stock before 24 May 2023. Payment date: 30 May 2023. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of British dividend payers (5.8%). In line with average of industry peers (2.8%). Reported Earnings • May 16
First quarter 2023 earnings released: EPS: kr1.43 (vs kr2.11 in 1Q 2022) First quarter 2023 results: EPS: kr1.43 (down from kr2.11 in 1Q 2022). Revenue: kr4.05b (up 26% from 1Q 2022). Net income: kr80.0m (down 32% from 1Q 2022). Profit margin: 2.0% (down from 3.7% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Specialty Retail industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Apr 06
Full year 2022 earnings released: EPS: kr8.12 (vs kr10.21 in FY 2021) Full year 2022 results: EPS: kr8.12 (down from kr10.21 in FY 2021). Revenue: kr14.4b (up 15% from FY 2021). Net income: kr454.0m (down 21% from FY 2021). Profit margin: 3.2% (down from 4.6% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Specialty Retail industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Feb 17
President & CEO recently bought kr1.7m worth of stock On the 15th of February, Pehr Oscarson bought around 15k shares on-market at roughly kr115 per share. This transaction amounted to 4.8% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Pehr has been a buyer over the last 12 months, purchasing a net total of kr8.6m worth in shares. Reported Earnings • Feb 16
Full year 2022 earnings released: EPS: kr8.12 (vs kr10.21 in FY 2021) Full year 2022 results: EPS: kr8.12 (down from kr10.21 in FY 2021). Revenue: kr14.4b (up 15% from FY 2021). Net income: kr454.0m (down 21% from FY 2021). Profit margin: 3.2% (down from 4.6% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.1% p.a. on average during the next 2 years, compared to a 6.1% growth forecast for the Specialty Retail industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 10% per year. Aankondiging • Feb 15
Meko AB Proposes Dividend for the Year 2022 Meko AB proposes a dividend of SEK 3.30 (3.00) to be paid in two installments, 1.10 in May and 2.20 in November. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Eivor Andersson was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 03
Third quarter 2022 earnings released: EPS: kr2.23 (vs kr3.02 in 3Q 2021) Third quarter 2022 results: EPS: kr2.23 (down from kr3.02 in 3Q 2021). Revenue: kr3.74b (up 24% from 3Q 2021). Net income: kr125.0m (down 26% from 3Q 2021). Profit margin: 3.3% (down from 5.6% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Specialty Retail industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. 