MEKO AB (LTS:0HDJ)
kr 73.53 +0.23 (+0.31%) Market Cap: 4.17 Bil Enterprise Value: 10.18 Bil PE Ratio: 31.76 PB Ratio: 0.68 GF Score: 72/100

Q3 2022 Meko AB Earnings Call Transcript

Nov 02, 2022 / 08:00AM GMT
Release Date Price: kr106.9 (+0.19%)
Operator

Good day, and thank you for standing by. Welcome to the Meko AB Q3 Report 2022 Conference Call. (Operator Instructions). Please be advised that today's conference is being recorded.

I would now like to hand the conference over to your speaker today, Pehr Oscarson, CEO. Please go ahead.

Pehr Oscarson
Meko AB - President & CEO

Thank you. Good morning, and welcome to the presentation of the third quarter '22. Together with CFO, Asa Kallenius, I will guide you through the results.

We continue to deliver organic growth, which proves our resilience business model, and this is a sign of the strength of our -- for our strategy and long-term profitable growth. We are growing rapidly in the strong Polish and Baltic markets. We have increased our market shares, along with increasing profitability in a successful way.

In Sweden, we experienced a stable market, while we experienced a weaker demand in the Norway and Denmark, especially when we compare to the same quarter last year, which was a very extremely good quarter, especially in

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