Reduced sales of DAB products and fewer working days affect Mekonomen Group's sales negatively in the first quarter 2018

Despite an underlying stable sales development in the core business, the company's sales in the first quarter 2018 were negatively affected by significantly reduced sales of DAB products (Digital Audio Broadcasting products)* and fewer working days, compared with the first quarter 2017. Sales for the first quarter 2018 are expected to land approximately SEK 40 M lower than the corresponding period last year.

Sales were affected by significantly lower sales of DAB products in Norway, as well as fewer working days, Easter effect, one working day fewer in Sweden and three working days fewer in Norway, compared with the same period previous year. Mekonomen Group´s earnings are also affected negatively by the weak Swedish krona.

In connection with the declining sales trend of DAB products in Norway, the company also analyzes the need for any write-down of inventory value for the product category.

For further information, please contact;

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

Helena Effert, Head of Investor Relations Mekonomen Group
Tel: +46 (0)8-464 00 00 Email:
helena.effert@mekonomengroup.com


This information is such information that Mekonomen AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 10:40 p.m CET on 9 April 2018.
The press release is published in Swedish and English. The Swedish version is the original version and has been translated into English.


*Car accessories adapted to digital radio broadcasting. DAB stands for Digital Audio Broadcasting.


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.