Reclassification within Mekonomen Group´s cash flow for the third quarter 2018 - Cash flow for the period is not affected

Mekonomen Group reclassifies cash flow of SEK 132 M from operating activities to financing activities for the third quarter of 2018 as well as for the nine-month period January-September 2018. The reclassification does not affect the cash flow for the period.

The adjustment refers to the reclassification of exchange rate effects on loans in foreign currency. Cash flow from operating activities is reduced by SEK 132 M and cash flow from financing activities is increased by SEK 132 M.

Restatement of the third quarter 2018 will be presented in connection with the Year-end report 2018.

For further information, please contact:

Pehr Oscarson, President & CEO Mekonomen AB,
Tel +46 (0)8-464 00 00 E-mail: pehr.oscarson@mekonomengroup.com 

Åsa Källenius, CFO Mekonomen AB
Tel +46 (0)8-464 00 00 E-mail: asa.kallenius@mekonomengroup.com 

Helena Effert, IRO Mekonomen AB
Tel +46 (0)8-464 00 00 E-mail: helena.effert@mekonomengroup.com 

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.