Trade Mekonomen - MEKO CFD

Mekonomen Company profile

About Mekonomen AB

Mekonomen AB is a Sweden-based company operating a retail chain offering automotive spare parts and accessories. It is also engaged in wholesale. It serves as a holding company of Mekonomen Group, comprising MECA Scandinavia (MECA), Mekonomen Norden and Sorensen og Balchen. MECA sells spare parts and workshop equipment on a business-to-business (B2B) basis, to automotive workshops in Sweden, Norway and Denmark. The offering includes accessories, tools, tires and diagnostic equipment. Mekonomen Norden operates in Sweden, Norway and Finland under Mekonomen brand, providing parts and accessories, warehouse operations and marine products. Sorensen og Balchen is a Norwegian retailer of spare parts and accessories, which operates BilXtra brand. The Company operates through more than 400 owned and associated stores, and over 2,000 service centers and affiliated workshops. In November 2013, it established a purchasing company in Hong Kong, as a part of cooperation agreement with Inter Cars.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Mekonomen AB revenues increased 7% to SEK12.31B. Net income applicable to common stockholders increased 34% to SEK580M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income benefited from Merchandise Margins, Total -% increase of 1% to 45.5%. Dividend per share totaled to SEK3.00.

Equity composition

29 May 2000: Listing on the Stockholm Stock Exchange O-list with 7,252,626 shares. Prior share figures are pro forma. 2001: 34,000 new shares issued. 2002: 98,600 new shares issued. 06/2003: Stock split in the ratio 1:2. All prior share figures have been adjusted.