STOCKHOLM, Sweden, Nov. 18, 2005 (PRIMEZONE) -- Mekonomen:
- Operating revenues for the period rose 7.0 per cent till SEK 1,722.3 m (1,609.7)
- EBIT amounted to SEK 128.7 m (167.8)
- Write-down of the value of properties, goodwill and inventory in Danish operations totalling SEK 17.4 m impacted earnings for the third quarter. Operating profit before impairment losses amounted to SEK 146.1 m.
- The EBIT margin amounted to 7.5 per cent (10.4) - Net profit amounted to SEK 84.5 m (116.6)
- Earnings per share after full dilution and the share split amounted to SEK 2.47 (3.48)
Summary of the Group's earnings trend
July-Sept Jan-September 12 mth. FY
2005 2004 2005 2004 2004 SR Oct-Sept 2004
Operating
revenues, 582.2 539.5 1,722.3 1,609.7 1,609.7 2,261.5 2,149.0
SEK m
Operating
profit, 46.9 69.1 128.7 167.8 151.4 129.2 168.3,
SEK m
Profit
after
financial 42.6 67.3 121.4 161.7 145.2 121.4 161.7
items,
SEK m
Net
profit, 27.4 48.5 84.5 116.6 91.8 74.1 106.2
SEK m
Operating 8.1 12.8 7.5 10.4 9.4 5.7 7.8
margin, %
Earnings
per share
after 0.76 1.43 2.47 3.48 2.99 2.19 3.18
full
dilution,
SEK (a)
(a) Historical data have been re-calculated to facilitate comparability
following a 2 for 1 split on7 June 2005.
This Interim Report has been prepared pursuant to IAS 34. The transitional rules were presented in a separate press release on 14 March 2005. In this report, nine-month results for 2004 are also reported in accordance with generally acceptable accounting practices in Sweden (SGAAP). The disclosures in Interim Reports for 2002 and 2003 have not been re-calculated pursuant to IFRS.
Mekonomen
Mekonomen is Scandinavia's leading car spare parts chain, offering service centres and motorists a broad selection of spare parts and car accessories. Its competitive edge lies in a network of wholly owned and co-operating stores offering broad geographical coverage, efficient logistics and high service levels.
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