Mekonomen AB (MEKO) NPV
Mekonomen AB is a Sweden-based company operating a retail chain offering automotive spare parts and accessories. It is also engaged in wholesale. It serves as a holding company of Mekonomen Group, comprising MECA Scandinavia (MECA), Mekonomen Norden and Sorensen og Balchen. MECA sells spare parts and workshop equipment on a business-to-business (B2B) basis, to automotive workshops in Sweden, Norway and Denmark. The offering includes accessories, tools, tires and diagnostic equipment. Mekonomen Norden operates in Sweden, Norway and Finland under Mekonomen brand, providing parts and accessories, warehouse operations and marine products. Sorensen og Balchen is a Norwegian retailer of spare parts and accessories, which operates BilXtra brand. The Company operates through more than 400 owned and associated stores, and over 2,000 service centers and affiliated workshops. In November 2013, it established a purchasing company in Hong Kong, as a part of cooperation agreement with Inter Cars.
The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.
Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.