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On Friday, it was time for Mekonomen to present its latest quarterly figures. Net sales amounted to SEK 1,633 million, which was higher than analysts' forecasts of SEK 1,612 million according to Inquiry Financial.
Net profit amounted to 131 MSEK, 7% higher than the MSEK 122 analysts' forecast.
"The Mekonomen Group recorded good sales growth in the second quarter of 2018, positively impacted by the end of spring, including the change of tires, an increase in the number of working days and an increase in the Norwegian krone. The total business turnover of the group has increased by 7% compared to the second quarter of last year, commented Pehr Oscarson, CEO of Mekonomen, in the fourth quarter.
The decline in sales DAB products, ie digital radio in Norway, had a negative effect on sales of about 50 million Swedish kronor compared to the same quarter of last year.
"From the third quarter, we estimate that the gap from 2017 will be marginal," writes Pehr Oscarson.
The report received a warm welcome from the market and the stock is rushed from about 16 percent in Friday's initial trade. However, since the beginning of the year, the share is still down 1.5%.
The G5 mobile gaming company, in turn, reported an after-tax profit of SEK 45 million for the second quarter, which is comparable to SEK 29 million in the same quarter of the previous quarter. ;last year. Net sales amounted to SEK 395 million, which can be compared to SEK 276 million in the same period of 2017. The share is more than 15% in trade initial.
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