Interim report January - September 2008 1 July - 30 September • Revenues increased by 5 per cent to SEK 658 M (626). Taking into account positive currency effects and more workdays during the quarter, revenues increased by 3 per cent. • EBIT amounted to SEK 79 M (78) and the EBIT margin to 12 per cent (12). • Profit after financial items amounted to SEK 81 M (215). Income after financial items in the preceding year included capital gains of SEK 133 M from the sale of the Group's property portfolio. • Profit after tax amounted to SEK 58 M (187) and earnings per share before and after dilution amounted to SEK 1.79 (5.94). Adjusted for the property transaction, profit after tax amounted to SEK 56 M in the preceding year. • A new store concept was launched. It is estimated that project expenses of SEK 14 M will be charged against the operating profit per quarter from the fourth quarter 2008 through 2009. A positive earnings effect is expected from 2010, with two years' repayment. 1 January - 30 September • Revenues increased by 5 per cent to SEK 1,999 M (1,897). Taking into account positive currency effects and the number of working days, revenues increased by 4 per cent. • EBIT amounted to SEK 205 M (207) and the EBIT margin to 10 per cent (11). • Profit after financial items amounted to SEK 212 M (350). Adjusted for the property transaction, profit after financial items amounted to SEK 217 M in the preceding year. • Profit after tax amounted to SEK 153 M (283). Adjusted for the property transaction, profit amounted to SEK 152 M in the preceding year. • Earnings per share before and after dilution amounted to SEK 4.71 (8.90). For further information, please contact: Håkan Lundstedt, President and CEO Mekonomen AB, Tel: +46 (0)8-464 00 00 Gunilla Spongh, CFO Mekonomen AB, Tel: +46 (0)8-464 00 00 Boel Sundvall, Head of communications Mekonomen AB, Tel: +46 (0)8-464 00 00 Mekonomen wants to make CarLife simpler, through a broad and easily accessible offering of inexpensive and innovative solutions and products for consumers and companies. Mekonomen is Scandinavia's leading automotive spare parts chain with proprietary wholesale operations, approximately 200 stores and more than 1,000 workshops operating under the Mekonomen brand. www.mekonomen.se
Interim report January - September 2008
| Source: Mekonomen AB