MEKO AB - Company Profile
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Meko AB (Meko) is a car spare parts and accessories retailer based in Sweden. It sells tires, wheels, automotive and power tools, car-care products, car accessories, and electronic spare parts. The company markets these products under brands such as Carwise, and ProMeister. Mekonomen also provides automotive-related services such as car insurance, servicing, and repairs. Meko operates retail stores and affiliated workshops under the brands such as MECA, Mekonomen, Marinshopen, Speedy and Bilxtra. It also offers its products through an e-commerce website. The company is also involved in wholesale and distribution activities. It operates in Sweden, Norway, Finland, and Denmark. Mekonomen is headquartered in Stockholm, Sweden.
Headquarters
Sweden
Address
Box 19542, Stockholm, 10432
Website
meko.com/sv
Telephone
46 8 4640020
No of Employees
6,295
Industry
Automotive
Ticker Symbol & Exchange
MEKO (STO)
Revenue (2022)
$1.6B
19.2%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-7.7%
(2022 vs 2021)
Market Cap*
$572.8M
Net Profit Margin (2022)
XYZ
-22.6%
(2022 vs 2021)
* As of and is in US$
MEKO AB premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Car-Care Products | Car Insurance | Carwise |
| Car Spare Parts | Fleet Service | ProMeister |
| Tires | Servicing and Repairs | Banners: |
| XYZ | XYZ | |
| XYZ | XYZ | |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Financing Agreements | In November, the company invested in a new high-technology warehouse in Norway. |
| 2023 | Contracts/Agreements | In May 2023, the company sold its six warehouses to AB Sagax for EUR36.5 million. |
| 2022 | Acquisitions/Mergers/Takeovers | In December 2022, the company's subsidiary acquired 70% stake in Avant Denmark. |
Competitor Comparison
| Key Parameters | MEKO AB | Autoliv Inc | Halfords Group plc | Euro Car Parts Ltd | Unipart Group of Companies Ltd |
|---|---|---|---|---|---|
| Headquarters | Sweden | Sweden | United Kingdom | United Kingdom | United Kingdom |
| City | Stockholm | Stockholm | Redditch | Tamworth | Cowley |
| State/Province | - | - | England | England | England |
| No. of Employees | 6,295 | 70,300 | 12,901 | 8,791 | 4,955 |
| Entity Type | Public | Public | Public | Private | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Robert M. Hanser | Chairman | Executive Board | 2021 | 70 |
| Helena Skantorp | Vice Chairman | Executive Board | 2004 | 63 |
| Pehr Oscarson | Chief Executive Officer; President | Senior Management | 2017 | 60 |
| Christer Johansson | Chief Financial Officer | Senior Management | 2024 | - |
| Petra Bendelin | Chief Operating Officer | Senior Management | 2023 | 45 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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