Revenues and earnings for the fourth quarter of 2013 lower than expected

Mekonomen’s preliminary revenues for the full year 2013 are estimated at SEK 5,863 (5,426) million, an increase of 8 percent. The preliminary operating result is estimated at SEK 514 (528) million, a decrease of 3 percent and with an operating margin of 9 percent (10). Revenues and earnings were lower than expected. Additionally the operating result will be charged with an extra write-down of SEK 45 million.

The preliminary operating result for the full year 2013, including the extra write-down, is estimated at SEK 469 (528) million. The extra write-down of SEK 45 million consists of scrapping of IT systems and is a non-cash charge.

"It is primarily lower sales and a weaker Norwegian krone which has affected revenues and results in the fourth quarter," says Håkan Lundstedt, President and CEO of Mekonomen.

For further information, please contact:

Håkan Lundstedt, President and CEO Mekonomen AB
Tel: +46 (0)8-464 00 00

Per Hedblom, CFO Mekonomen AB
Tel: +46 (0)8-464 00 00

Gunilla Spongh, Head of International Business Mekonomen AB
Tel: +46 (0)8-464 00 00

Mekonomen AB (publ), org. nr 556392-1971 Box 6077, 141 06 Kungens Kurva. Telefon: +46 (0)8-464 00 00, Fax: +46 (0)8-464 00 66

Mekonomen makes CarLife easier through a wide and easily accessible range of inexpensive and innovative solutions and products for consumers and companies. We are leading spare-parts chain in the Nordic region, with proprietary wholesale operations, more than 400 stores and 2300 workshops, operating under the Mekonomen brands.