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

SEGELTORP, Sweden--()--Regulatory News:

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

The information in this press release is such that Mekonomen is obligated to publish in accordance with the Securities Market Act. The information was submitted for publication on 30 January 2014.

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.

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Contacts

Mekonomen AB
Håkan Lundstedt, +46 (0)8-464 00 00
President and CEO Mekonomen AB
or
Per Hedblom, +46 (0)8-464 00 00
CFO Mekonomen AB
or
Gunilla Spongh, Tel: +46 (0)8-464 00 00
Head of International Business Mekonomen AB
or
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

Sharing

Contacts

Mekonomen AB
Håkan Lundstedt, +46 (0)8-464 00 00
President and CEO Mekonomen AB
or
Per Hedblom, +46 (0)8-464 00 00
CFO Mekonomen AB
or
Gunilla Spongh, Tel: +46 (0)8-464 00 00
Head of International Business Mekonomen AB
or
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