MEKO

MEKO is a Nordic automotive aftermarket group that buys, stocks, and distributes spare parts, accessories, and related services for passenger cars and commercial vehicles. Its business is organized around workshops, fleet customers, wholesalers, and private motorists across eight markets in Northern Europe.

6.2k

1.55

0.58

— MEKO
%
Spare parts distribution60% Purchasing, stockholding, and distributing automotive spare parts and accessories.
Workshop concepts and support15% Affiliated workshop concepts, branding, and operational support for repair networks.
Fleet and corporate services15% Repair, maintenance, and parts supply for company and public-sector vehicle fleets.
Wholesale and reseller sales10% Sales to other spare parts wholesalers and trade customers.

MEKO sells mainly to business customers, especially motor vehicle repair shops, fleet operators, and other wholesalers...

  • Motor vehicle repair shopsprimary

    Independent and affiliated workshops buy spare parts, concepts, and support because they need fast access to broad assortments and reliable delivery.

  • Fleet customersprimary

    Companies and public authorities buy maintenance and repair services to keep vehicle fleets operating efficiently.

  • Other spare parts wholesalerssecondary

    Trade customers source parts and accessories when they need breadth of range and regional distribution reach.

  • Private motoristssecondary

    Consumers buy parts and accessories directly for repairs, upkeep, and car-related convenience products.

MEKO operates in eight Northern European markets, with its business concentrated in Sweden, Norway, Denmark, Finland,...

  • Operations span Sweden, Norway, Denmark, Finland, Poland, and the Baltics
  • Business is concentrated in Northern Europe and nearby markets
  • Regional logistics and warehouses support fast delivery to workshops
  • Local brands help MEKO serve different customer groups in each market
  • Geographic diversification reduces dependence on one national market

MEKO’s strategy centers on organic growth, stronger customer offerings, and more efficient operations across its...

01
Organic growth in core aftermarket marketsmedium-term

MEKO wants to deepen its existing customer base and capture more repair and maintenance demand without depending on large acquisitions.

02
Operational efficiency and logisticsshort-term

Faster delivery and lower handling complexity are central to serving workshops and protecting service quality.

03
Broader service and concept offeringmedium-term

Workshop concepts and related services help MEKO lock in customer relationships and differentiate beyond pure parts distribution.

MEKO is exposed to supply-chain disruption, purchasing-price volatility, and weaker consumer or workshop demand because...

high

Supply chain and logistics disruption

MEKO depends on imported parts, centralized sourcing, and efficient distribution to keep workshops supplied.

Scope
Product flows, availability, purchasing prices
Materiality
high
high

Demand weakness and trade-down behavior

When consumers or workshops are cautious, they may postpone repairs or choose cheaper products.

Scope
Repair volumes, mix, pricing
Materiality
high
medium

Competitive pressure

The aftermarket is fragmented and price-sensitive, so rivals can compete on assortment, speed, and price.

Scope
Margins, customer retention, market share
Materiality
high
medium

Cybersecurity and IT disruption

Digital catalogs, ordering systems, and logistics depend on secure IT infrastructure.

Scope
Operations continuity, data integrity
Materiality
medium
medium

Regulatory and climate-related change

Rules on chemicals, waste, emissions, and vehicle technology can require investment and product adaptation.

Scope
Compliance costs, assortment changes
Materiality
medium
medium

Talent retention and workplace safety

Service quality and execution depend on skilled employees, managers, and safe working conditions.

Scope
Operational execution, service levels
Materiality
medium
Inventory valuation and obsolescence
Gross margin and working capital
IFRS 16
IFRS 16 lease accounting
EBITDA, leverage, and balance sheet size
Derivative valuation and hedge accounting
Financial income/expense and balance sheet volatility
Acquisition-related intangibles
Operating profit and comparability
Expected credit losses
Bad debt expense and net receivables

: 11/08/2026