Interim report January – June 2007

• Total revenues for the second quarter increased by 0.4 per cent compared with the year-earlier period and amounted to SEK 665.8 M (663.0). Revenues for the period increased by 4.9 per cent to SEK 1,271.7 M (1,212.8).

• EBIT for the second quarter increased by 103.5 per cent compared with the year-earlier period and amounted to SEK 75.9 M (37.4). EBIT for the period amounted to SEK 129.2 M (75.4).

• Income after financial items increased by 129.8 per cent for the second quarter and amounted to SEK 73.3 M (31.9). Income after financial items for the period amounted to SEK 134.5 M (67.7). Financial items include positive currency effect totalling SEK 0.9 M (neg: 3.9) for the second quarter and SEK 11.2 M (neg: 3.4) for the period.

• EBIT margin for the second quarter increased to 11.4 per cent (5.6) and for the period to 10.2 per cent (6.2).

• Profit after tax for the second quarter increased by 125 per cent and amounted to SEK 52.2 M (23.2). Profit after tax for the period amounted to SEK 95.9 M (47.8).

• Earnings per share before dilution for the second quarter increased by 153 per cent and amounted to SEK 1.62 M (0.64) and for the period to SEK 2.96 M (1.41).

About Us

Mekonomen operates in the car aftermarket and consists of leading car service chains in Northern Europe with a proprietary wholesale operation, more than 460 branches and over 3,400 affiliated workshops operating under the Group’s brands. Through its branch network, Mekonomen Group offers affordable spare parts and accessories to the affiliated workshops, other workshops, other B2B customers, as well as car owners. Around 90 per cent of sales are business to business, where 80 per cent of the orders are digital. The largest business to business customers are affiliated workshops operating under the Group´s concepts AutoMester, BilXtra, Din Bilpartner, Meca Car Service, Mekonomen Bilverkstad, O.K. Serwis, Speedy and others. The Group operates through four business areas – FTZ with operations in Denmark, Inter-Team with operations in Poland, MECA/Mekonomen with operations in Norway and Sweden and Sørensen og Balchen with operations in Norway.

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