Correction of Mekonomen Group's sales for the second quarter 2017 – EBIT unchanged

Mekonomen Group corrects sales in Q2 with SEK 24 M reclassed from external to internal sales. EBIT unaffected.

Revenue decreases to SEK 1 560 M compared to reported SEK 1 584 M. The change affects external sales in Mekonomen Sweden and distribution of EBIT between Mekonomen Sweden and Mekonomen Norway in the quarter. Mekonomen Group’s EBIT does not change.

(SEK M)
Mekonomen Group Reported
Q2
Adjusted
Q2
Revenue 1 584 1 560
EBIT 174 174
Mekonomen Sweden
Net sales, external 498 475
EBIT 56 50
Mekonomen Norway
Net sales, external 228 228
EBIT 33 39

Restatement of the second quarter 2017 will be presented in connection with the third quarter report 2017.

For further questions, please contact:

Helena Effert, IRO Mekonomen Group
Telephone: +46 (0)72 234 29 58, Email: helena.effert@mekonomengroup.com

About Us

Mekonomen group is the leading spare-part chains in the Nordic region and consists of three subgroups; Meca Scandinavia, Mekonomen Nordic and Sørensen og Balchen. We offer a broad and an easily accessible range of value-for-money and innovative solutions and products for consumers and companies. Within Mekonomen Group operates the leading. Mekonomen Group has approximately 400 stores and over 2,300 workshops.