Meko AB (publ) (MEKO) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the MECO Q3 Report 2025 presentation. During the questions and answers session, participants are able to ask questions by dialing pound key five on their telephone keypad. We kindly ask you to mute your phone after having asked your question. I now hand the conference over to the speakers, President and CEO Per Oscarson and CFO Krister Johansson. Please go ahead. Thank you. Good morning and welcome to MEKO's presentation of our results for the third quarter 2025. I'm here with our CFO Kristi Johansson and together we will walk you through our performance and current position. As you know the first half of this year was marked by slower growth and lower earnings Car owners were cautious following a prolonged economic downturn and unpredictable global environment. This also led to intense competition in Q2. This tougher competition continued into the third 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. The competitive situation also put pressure on prices, which in turn affected our profitability. Our adjusted EBIT margin improved compared to the second quarter, but decreased compared with the same quarter 2024. And we are responding to this development. Among other things, we continue in the rollout of our new central warehouses, where staffing levels will gradually be reduced. We also continue the cost saving measures announced this summer. So let's take a look at that on the next slide. As you know, we have been working with the initiative Building a Stronger Mirko for some time. This initiative aims to improve our long term probability. By the end of Q2, we had achieved EBIT i...