MEKO AB Financial Update: Leadership Buys Shares Amid Cost-Cutting Measures

Stockholm, July 25, 2025 — MEKO AB, a prominent wholesaler and distributor of automotive parts and accessories in the Consumer Discretionary sector, has seen significant activity both in its leadership and financial performance. Listed on the Swedish Stock Exchange, MEKO AB operates across Europe, purchasing from leading manufacturers and selling to affiliated workshops and other B2B customers.

Leadership Investment in Shares

In a notable move, MEKO AB’s CEO, Pehr Oscarsson, has invested nearly 1.8 million SEK in the company by purchasing 20,000 shares at a price of 87.98 SEK per share. This transaction, conducted through the company Poscaro, was reported in the Finansinspektionens insynsregister. Additionally, Marie Björklund, a board member, acquired 2,000 shares at 90.49 SEK each, totaling 180,980 SEK, also through the Stockholmsbörsen.

Cost-Cutting Measures and Organizational Changes

MEKO AB has announced a new cost-saving program aimed at reducing annual expenses by 100 million SEK. This initiative is expected to impact all eight markets in which MEKO operates. The program has sparked discussions about its implications, particularly concerning workforce reductions and the competitive landscape in Denmark and Finland.

In conjunction with the Q2 report, MEKO AB has also announced several changes in its corporate leadership structure. A new role for Director of Purchasing and Business Development has been created, while the role of Operational Manager is being phased out. These changes are part of a broader strategy to streamline operations and enhance efficiency.

Financial Performance

Despite these strategic moves, MEKO AB’s financial performance has shown some challenges. The company reported a decrease in turnover and operating profit for the second quarter, with a 3.7% drop in turnover to 4,508 million SEK. The organic sales growth was negative at -5%, and the net turnover also declined. The company ended the quarter with a break-even result.

Market Reaction

The Swedish stock market opened with a slight decline, with the OMXS30 index falling by 0.4%. MEKO AB’s shares were among those experiencing significant movement, reflecting investor reactions to the company’s financial results and strategic announcements.

As MEKO AB continues to navigate these changes, the market will be closely watching its ability to implement cost-saving measures and drive future growth. For more detailed information, stakeholders can visit MEKO AB’s website at www.meko.com .