MEKO AB (LTS:0HDJ)

Q3 2025 Meko AB Earnings Call Transcript

Nov 13, 2025 / 08:00 AM GMT

Release Date Price: kr79.05 (+6.39%)

Transcript

Key Points

Positve

MEKO AB (LTS:0HDJ) achieved organic growth of 1% in Q3 2025, moving from negative growth in the first half of the year.
The company is implementing cost-saving measures, including staff reductions, expected to save an additional 100 million SEK.
New high-tech warehouses in Norway, Denmark, and Finland are operational, enhancing logistics capacity and efficiency.
The expansion of the e-commerce platform Mexter into Finland and Denmark is underway, aiming to capture more market share.
MEKO AB (LTS:0HDJ) is launching the brand 'Every Part Matters' in seven new markets to cater to price-sensitive customers.

Negative

Intense competition continues to pressure prices, affecting profitability and gross margins, particularly in Denmark and Poland.
Leverage increased from 2.7 in Q2 to 3.6 in Q3, driven by lower profitability and heavy investment, raising concerns about financial stability.
Temporary costs related to warehouse transitions, such as double rents and staffing, are impacting short-term financial performance.
The integration of Elite in Poland is ongoing, with significant structural changes affecting operations and margins.
The market remains unpredictable with consumer confidence low, making it difficult to forecast future demand and financial performance.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

MEKO.ST - Meko AB
Q3 2025 Meko AB Earnings Call
Nov 13, 2025 / 08:00AM GMT

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Presentation
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Unidentified_1 [1]
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Thank you.

Good morning and welcome to MECO's presentation of our results for the 3rd quarter, 2025. I'm here with our CFO Kristie Johansson, and together we will walk you through our performance and current position.

As the first half of these years was marked by slower growth and lower earnings. Car owners were very cautious following a prolonged economic downturn and unpredictable global environment. This also led to intense competition in Kyoto.

This tougher competition continued into the 3rd quarter.

We achieved organic growth of 1% during the period compared with 2% in the same quarter last year. This also means that we moved from negative growth the first half year of 2025 to showing a positive sales trend in Q3.

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