MEKO AB (OSTO:MEKO)

kr 129.2 5.6 (4.54%) Market Cap: 7.28 Bil Enterprise Value: 11.69 Bil PE Ratio: 18.83 PB Ratio: 1.15 GF Score: 88/100

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kr116.7 (-7.16%)

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Q1 2023 Meko AB Earnings Call Transcript

May 16, 2023 / 07:00AM GMT

Release Date Price: kr116.7 (-7.16%)

Transcript

Operator

Good day, and thank you for standing by. Welcome to the MEKO AB First Quarter Report 2023 Call and Webcast. (Operator Instructions) Please note that today's conference is being recorded.

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

Pehr Oscarson;publ;President;CEO

Meko AB

()-&

Thank you. Good morning, and welcome to the presentation of the first quarter 2023. I'm here together with our CFO, Asa Kallenius, and we will guide you through the results.

We often say that MEKO's business model is resilient, that we benefit from a strong underlying demand in good times and in bad. And as we know, there is some macroeconomic turbulence around us, which also affects MEKO. But I would still say that the first quarter is another sign of our resilience. And to be more specific, we have a solid organic growth, a stable underlying EBIT in the quarter. We are also improving our cash flow, which enable us to strengthen our financial

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