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About Us

MEKO consists of northern Europe's leading spare parts distributors; FTZ, Inter-Team, Koivunen, MECA, Mekonomen and Sørensen og Balchen. With our own wholesale operations, more than 600 branches and over 4,300 workshops, we offer a wide and easily accessible range of affordable and innovative solutions and products for companies and consumers.

Contacts

  • MEKO
    Box 19542 SE-104 32 Stockholm, Sweden
    +46 (0) 8-464 00 20
    http://www.meko.com

    • Quotes

    Heavy vehicles is one of MEKO's priority areas and one in which we are growing successfully. We have established operations in Norway, Finland, Sweden, and are on the verge of adding Denmark to the list. With this agreement, we are taking another important step as the leading supplier in Sweden.
    Pehr Oscarson, President and CEO of MEKO.
    The mobility barometer 2023 clearly shows that a tougher economy affects how we transport ourselves. The car is still number one for everyone, but we think more about the costs than before. It is also clear that the electric car boom is slowing down. It's not just that electric cars are considered expensive to purchase, the electricity prices also make many people say no to the idea of ​​buying an electric car.
    Pehr Oscarson, President and CEO of MEKO
    Taking climate action is an important factor in enabling sustainability and safe mobility also in the future. I am therefore proud that MEKO is now taking this step and started work on setting climate goals in line with science, so that we contribute to limiting climate change.
    Louise Wohrne, Head of Sustainability at MEKO.
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    MEKO accelerates expansion of fast-growing brand in Sweden

    MEKO’s branch and workshop concept BilXtra is broadening its footprint in the Swedish market. A newly formed partnership promises to raise the number of facilities by over 18 percent. The goal is to further boost BilXtra's brand recognition and establish it as a vital addition to MEKO's suite of other concepts in Sweden.Established in Sweden by MEKO in 2019 to challenge established retail and wholesale businesses and provide a strategic alternative to well-known brands such as MECA and Mekonomen, BilXtra has seen significant success in Sweden. The number of BilXtra facilities has soared

    MEKO automates and streamlines the central warehouse in Finland

    As part of strengthening its position in Finland, MEKO is modernizing its central warehouse in Helsinki with new technology and automated inventory management. The renovated warehouse will enhance the efficiency of operations, lead to improved service, and result in sustainably lower costs. The facility is planned to be fully operational in the first half of 2025.MEKO is the market leader in the independent automotive aftermarket in Finland through the wholesale company Koivunen and its branch and workshop concept Fixus, Finland's most renowned brand for independent workshops. In addition

    Notice of MEKO's annual general meeting 2024

    The shareholders of MEKO AB are hereby invited to attend the annual general meeting to be held on Thursday, 16 May 2024 at 10.00 CET at 7A Posthuset, Vasagatan 28, in Stockholm. Registration for the AGM opens at 09.30 CET.The board has decided that shareholders shall be able to exercise their voting rights at the annual general meeting also by postal voting, as described below. Right to participate, notification, proxies etc. Shareholders who wish to attend the annual general meeting must: · be listed as shareholder in the presentation of the share register prepared by Euroclear

    Invitation to Capital Markets Update and presentation of MEKO’s Interim Report for Q1

    MEKO has the pleasure to invite investors, analysts, and media to a presentation of the results for the first quarter 2024 on Thursday, May 16, in Stockholm. After the presentation, MEKO will provide a Capital Markets Update where company management will give more details on its position, strategy and ongoing initiative to improve profitability.“MEKO is in an intense phase where we are conducting a range of activities to strengthen our position as an industry leader in Northern Europe. A key focus is the effort to improve our profitability through the ‘Building a stronger MEKO’ initiative,

    MEKO optimizes operations in Denmark to strengthen its position

    MEKO is streamlining its organization in Denmark to improve customer service, increase efficiency, and strengthen its position as a market leader. The change enables MEKO to take even greater advantage of the automated Danish warehouse which will be completed in 2025, and will have a sustainably positive impact on the operating results.In Denmark, MEKO operates through FTZ, the country's leading wholesaler, catering to workshops, car dealers, and other wholesale clients. Its portfolio boasts recognized brands like AutoMester, Hella Service Partner, Din Bilpartner, and CarPeople. The

    MEKO publishes Annual Report for 2023

    MEKO’s Annual Report for 2023 is today published in PDF-format and in European Single Electronic Format on www.meko.com, and is also enclosed in this press release. The Annual Report includes MEKO’s Sustainability Report and reporting in accordance with the EU Taxonomy Regulation, a framework established to facilitate sustainable investments. The Annual Report in printed format will be distributed at the end of April 2024 to shareholders who have announced that they wish to receive the report. For further information, please contact: Pehr OscarsonPresident and CEO, MEKOPhone:

    Nomination Committee’s proposal for board members in MEKO AB

    MEKO's Nomination Committee proposes the re-election of board members Eivor Andersson, Kenny Bräck, Magnus Håkansson, Michael Løve and Helena Skåntorp at the annual general meeting for MEKO AB. Furthermore, it is proposed that Robert Reppa be elected as a new board member.As previously communicated, Dominick Zarcone is proposed as the new Chairman of the Board. Robert M. Hanser, Joseph M. Holsten and Justin Jude have declined re-election at the upcoming annual general meeting. Robert Reppa boasts an impressive background as a leader in several major companies, with extensive experience

    MEKO grows its car glass offering – initiates partnership in Sweden

    MEKO strengthens its position in sustainable car glass repairs through a new partnership with ALD Automotive/LeasePlan, the leading leasing firm for company cars in Sweden. The collaboration means that MEKO will become a car glass service partner for more than 45,000 vehicles in Sweden. Fixing minor damages in time reduces the need for extensive repairs and is a win for the climate.At its core, MEKO's business model is based on servicing and maintaining existing parts instead of producing new ones. The partnership with ALD Automotive/LeasePlan aligns with MEKO’s growth strategy within

    MEKO’s Nomination Committee proposes Dominick Zarcone as new Chairman of the Board

    MEKO’s Nomination Committee proposes Dominick Zarcone as the new Chairman of the Board in MEKO AB at the Annual General Meeting 2024. Dominick Zarcone currently serves as the President and CEO of LKQ Corporation, listed on the Nasdaq, and has an extensive background with several senior executive roles in major corporations.Dominick Zarcone possesses extensive expertise in the independent auto aftermarket and has held key leadership positions at LKQ Corporation since 2015, including his current role as President and CEO, with his term set to end on June 30, 2024. Prior to his CEO appointment

    Year-end report January - December 2023

    October 1 - December 31, 2023 · Net sales increased 12 percent to SEK 4,373 M (3,895). Organic growth was 10 percent. · EBIT amounted to SEK 68 M (148) and the EBIT margin was 1.5 percent (3.7). EBIT was impacted by items affecting comparability of SEK -82 M (-22) during the quarter. · Adjusted EBIT amounted to SEK 175 M (198) and the adjusted EBIT margin to 3.9 percent (5.0). · Earnings per share, before and after dilution, amounted to SEK -0.07 (2.05). · Cash flow from operating activities amounted to SEK 139 M (326). January 1 - December 31, 2023 · Net sales

    MEKO awarded bronze medal in renowned sustainability assessment

    MEKO has been awarded a bronze medal by EcoVadis, the world's most trusted provider of business sustainability ratings, for its sustainability performance and achievements. Scoring well-above industry averages across all categories, MEKO is in the top 35 percent of assessed companies.MEKO has been practicing principles of sustainability for over 50 years by repairing and prolonging the life of car-related products. With circularity becoming an increasingly important part of the business, MEKO has intensified its sustainability efforts. Since 2019, MEKO has reported its greenhouse gas

    Invitation to presentation of MEKO’s year-end report for 2023

    MEKO’s year-end report for 2023 will be published on February 14 at 07:30 CET. A webcast/telephone conference in English will be held on the same day at 09:00 CET. During the conference, the President and CEO of MEKO, Pehr Oscarson, will present the results and answer questions together with the Interim CFO, Anders Lindén. The presentation materials will be available at 8:00 CET on February 14, on our website www.meko.com under Investors – Reports and presentations . You are welcome to follow the webcast here 

    MEKO optimizes operations in Norway for increased efficiency and better service

    MEKO, a leader in the independent automotive aftermarket in Northern Europe, is optimizing operations in Norway to increase efficiency, strengthen service, and reduce emissions from transportations. The efforts are estimated to yield annual net savings of at least SEK 66 million with full effect by 2025, which contributes to permanently improving MEKO's profitability. Efficiency measures are also being adopted in Sweden.MEKO dominates the independent automotive aftermarket in Norway with well-established workshop concepts such as Mekonomen and Meca. The initiative now implemented in Norway

    MEKO initiates partnership with electric car manufacturer HiPhi

    MEKO, a leader in the independent auto aftermarket in Northern Europe, has entered into an agreement in principle with the electric car manufacturer HiPhi, which is in the process of introducing its brand in Norway. MEKO will leverage its leading position in the market to offer authorized aftermarket services to HiPhi owners in northern Europe, starting with Norway in the fourth quarter 2023.The partnership with HiPhi aligns with MEKO's strategy to be a service partner to new electric vehicle manufacturers looking to establish themselves in selected regions. The ambition of the partnership

    MEKO initiates partnership with electric car manufacturer ZEEKR

    MEKO has signed a partnership agreement with electric car manufacturer ZEEKR who are currently underway launching its brand in Sweden. Through its comprehensive network of workshops, MEKO will offer authorised workshop services to ZEEKR owners in the Swedish market. The ambition is to expand the collaboration to future Nordic markets.The partnership with ZEEKR aligns with MEKO's strategy to be a complete service partner to new electric car manufacturers looking to establish themselves in Northern Europe. A particular strength is MEKO's broad geographical presence and leading electric car

    Christer Johansson appointed as new Chief Financial Officer at MEKO

    MEKO, a leader in the independent automotive aftermarket in Northern Europe, has appointed Christer Johansson as its new Chief Financial Officer. With his extensive experience in finance and controlling, Christer Johansson will be instrumental in further strengthening MEKO's position. He will assume his new role on February 19, 2024.Currently serving as the Vice President of Business Control at battery manufacturer Northvolt, Christer Johansson has an impressive track record, including a previous role as CFO at Hoist Finance, listed on Nasdaq Stockholm. He also has a background as the Head

    MEKO invests in a new high-technology warehouse in Norway

    MEKO is increasing its focus on the Norwegian market and investing in a new fully automated central warehouse in Oslo. The new facility will consolidate MEKO's inventory management in Norway and is expected to provide lasting cost savings and improved service. The warehouse is anticipated to be fully operational by the end of 2025.MEKO is a leader in the independent automotive aftermarket in Norway through its business areas Sörensen og Balchen and Sweden/Norway, which include the MECA and Mekonomen brands. Until now, merchandise handling for these operations has taken place in separate

    Interim report January - September 2023

    Continued improvements and additional initiatives to further increase profitabilityJuly 1 - September 30, 2023 · Net sales increased 13 percent to SEK 4,124 M (3,660). Organic growth was 8 percent. Net sales were positively impacted by 6 percent due to currency effects. · EBIT increased to SEK 300 M (235) and the EBIT margin to 7.1 percent (6.3). EBIT was positively impacted by items affecting comparability of SEK 33 M (-22) during the quarter. · Adjusted EBIT amounted to SEK 292 M (281) and the adjusted EBIT margin to 6.9 percent (7.5). · Earnings per share, before and after

    Invitation to presentation of Interim Report July 1 – September 30, 2023

    MEKO’s Interim Report for the third quarter 2023 will be published on Thursday, November 9 at 07:30 a.m. CET. A webcast/telephone conference in English will be held on the same day at 09:00 a.m CET. During this conference, MEKO's President & CEO Pehr Oscarson will present the results and answer questions together with Interim CFO Anders Lindén. As previously communicated, work is ongoing to recruit a permanent CFO, and until that process is completed, Anders Lindén will serve as interim CFO. The presentation materials will be available at 8:00 a.m CET on November 9, at www.meko.com

    MEKO sells property in Denmark to a value of 6 million euro

    MEKO has divested a warehouse and office property in Denmark to the property manager Hanssen Stagnum A/S. The transaction values the premises at approximately EUR 6 million and results in a capital gain of around EUR 4 million. The deal further strengthens MEKO's financial position. The property being sold is located in Odense and is used by MEKO's Danish business division, FTZ. The agreement includes a so-called triple-net lease, which means that FTZ commits to continue renting the premises at market rates through the first half of 2025. As previously communicated, MEKO is investing in

    Anders Oxelström appointed as new Director of Communication in MEKO

    MEKO has appointed Anders Oxelström as the new Director of Communications. With a solid background as a leader in some of Sweden's largest media organizations and years of advising major Swedish publicly traded companies, Anders Oxelström will play an important role in enhancing MEKO's communication. He will assume his position on December 18th. Anders Oxelström has previously held positions including Senior News Director and Deputy Editor-in-Chief at Dagens Nyheter, Head and Editor-in-Chief for TV 4 News, and Head of the investigative program “Kalla Fakta” on the same channel. Today, he

    MEKO's Nomination Committee

    In accordance with the resolution of the Annual General Meeting on May 23, 2023, MEKO has established a Nomination Committee. This Committee shall prepare and submit proposals to the Annual General Meeting 2024, regarding: · the election of a Chairman of the Annual General Meeting, · the number of Board members and deputies, · the election of the Chairman of the Board and other Board members, · Board fees and any remuneration for committee work, · the election of and fees for auditors, and · guidelines for appointment of the Nomination Committee The Nomination

    MEKO strengthens its focus on heavy vehicles through a new strategic collaboration

    MEKO is expanding its efforts in heavy vehicles. Through a new strategic collaboration, MEKO becomes a supplier to Sweden's largest independent truck workshop chain, Malte Månson Verkstäder. The agreement further solidifies MEKO's position in Sweden while enabling Malte Månson Verkstäder to accelerate its expansion. "Heavy vehicles is one of MEKO's priority areas and one in which we are growing successfully. We have established operations in Norway, Finland, Sweden, and are on the verge of adding Denmark to the list. With this agreement, we are taking another important step as the

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