MEKO AB (OSTO:MEKO)

Q2 2026 Meko AB Earnings Call Transcript

Jul 23, 2026 / 07:00 AM GMT

Release Date Price: kr76.2 (-3.42%)

Transcript

Key Points

Positve

MEKO AB (LTS:0HDJ) achieved profitability in all business areas, including Poland and Finland, during the second quarter.
The company's adjusted EBIT increased by 32%, with an improved adjusted EBIT margin of 5%.
Leverage ratio was reduced to 3.4 times, down from 4 at the start of the year, indicating effective debt management.
The e-commerce platform, Maxter, expanded significantly, launching in Finland and Denmark with a 130% increase in product range.
MEKO AB (LTS:0HDJ) continues to focus on sustainability, publishing a comprehensive annual sustainability report and working to reduce its climate footprint.

Negative

Overall sales remained unchanged year-on-year, indicating a need for improvement in revenue growth.
Negative organic growth was reported in Sweden and Norway, highlighting challenges in these markets.
The company faced challenges with IT integrations and supply chain processes, affecting top-line performance.
Cash flow was weaker than expected, with changes in working capital impacting financial performance.
The competitive market environment, particularly in Sweden, poses challenges to maintaining market position.

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

MEKO.ST - Meko AB
Q2 2026 Meko AB Earnings Call
Jul 23, 2026 / 07:00AM GMT

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Presentation
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Unidentified_1 [1]
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Welcome to MECO Q2 Report 2026 presentation. During the Q&A session, participants are able to ask questions by dialing pound key five 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 Krister Johansson. Please go ahead.

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Unidentified_2 [2]
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Thank you, and thank you all for joining us this morning. I will start with an overview of our second quarter before handing over to Krister, who will elaborate on our financial performance.

As

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