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

Q3 2022 Meko AB Earnings Call Transcript

Nov 02, 2022 / 08:00AM GMT
Release Date Price: kr107.8 (+1.79%)
Operator

Good day, and thank you for standing by. Welcome to the Meko AB Q3 Report 2022 Conference Call. (Operator Instructions). Please be advised that today's conference is being recorded.

I would now like to hand the conference over to your speaker today, Pehr Oscarson, CEO. Please go ahead.

Pehr Oscarson
Meko AB - President & CEO

Thank you. Good morning, and welcome to the presentation of the third quarter '22. Together with CFO, Asa Kallenius, I will guide you through the results.

We continue to deliver organic growth, which proves our resilience business model, and this is a sign of the strength of our -- for our strategy and long-term profitable growth. We are growing rapidly in the strong Polish and Baltic markets. We have increased our market shares, along with increasing profitability in a successful way.

In Sweden, we experienced a stable market, while we experienced a weaker demand in the Norway and Denmark, especially when we compare to the same quarter last year, which was a very extremely good quarter, especially in

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