MEKO AB (OSTO:MEKO)
kr 129 5.6 (4.54%) Market Cap: 7.27 Bil Enterprise Value: 11.68 Bil PE Ratio: 18.83 PB Ratio: 1.15 GF Score: 88/100
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Q4 2023 Meko AB Earnings Call Transcript

Feb 14, 2024 / 08:00AM GMT
Release Date Price: kr113.7 (+7.77%)
Pehr Oscarson Meko AB;publ;President;CEO

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Good morning and welcome to the presentation of the year end report for 2023. Today I will guide you through the results and answer questions, together with our Interim CFO, Anders Lindén, who I have by my side.

So let's start by summarize the highlights and look at slide 2. As we recap 2023, we can confirm that Meko's business model remains solid. We increased net sales and strengthen our cash flow during the year. We improved operating result and initiated important investments for the future. All in all, our financial position is solid. And I'm also pleased that we are in the position where the Board can propose an increased dividend of SEK3.70 per share, up from SEK3.30 last year.

During the fourth quarter, we also accelerated our efforts regarding profitability. We have launched an initiative to improve margins, building a strong numerical. Looking closer at Q4, growth persistent net sales increased 12% in total and 10% organically.

Our operating result was affected by costs related to

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