Q1 2026 Meko AB Earnings Call Transcript

May 7, 2026 / 06:30 AM GMT
Release Date Price: kr74.4 (+0.34%)

Key Points

Positve
  • MEKO AB (LTS:0HDJ) reported an improvement in adjusted operating margin compared to the fourth quarter and the full year 2025.
  • The company has strengthened its cash flow, supported by reduced working capital and lower investment levels.
  • MEKO AB (LTS:0HDJ) is focusing on increasing organic growth, particularly in e-commerce and exclusive brands.
  • The launch of an AI service for faster and more accurate car diagnostics is expected to improve workshop profitability and customer experience.
  • The company has reduced net debt significantly, from 3 billion SEAC a year earlier to 2.5 billion SEAC at the end of Q1 2026.
Negative
  • Profitability remains below target despite measures to strengthen it.
  • The company is facing strong competition and price pressure in the market.
  • MEKO AB (LTS:0HDJ) is implementing additional cost reductions, particularly in Poland, where the workforce is being reduced by up to 10%.
  • Organic growth of 1% is below the company's target of 5%.
  • Gross margin is down by 1% compared to Q1 last year, impacting adjusted EBIT.


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

MEKO.ST - Meko AB
Q1 2026 Meko AB Earnings Call
May 07, 2026 / 06:30AM GMT

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Presentation
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Unidentified_1 [1]
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Welcome to MECO Q1 Report 2026 presentation. During the Q&A session, participants are able to ask questions by dialing pound key 5 on their telephone keypad. We kindly ask you to mute yourself after having asked your question. Now, I will hand the conference over to the speakers, President and CEO Per Oscarson and CFO Christa Johansson. Please. Go ahead.

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Unidentified_2 [2]
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Thank you, and thank you for joining us.

Our CFO, Kisi Johansson, is sitting beside me and will now present Mika's result for the first quarter of 2026.

The first quarter shows that our
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