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Clas Ohlson AB (CLASb.ST)

CLASb.ST on Stockholm Stock Exchange

77.05SEK
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Latest Key Developments (Source: Significant Developments)

Clas Ohlson March Sales Up By 4 Pct To SEK 605 Mln
Monday, 15 Apr 2019 

April 15 (Reuters) - Clas Ohlson AB ::CLAS OHLSON INCREASE SALES IN MARCH.CLAS OHLSON INCREASE SALES IN MARCH.SALES IN MARCH INCREASED BY 4 PER CENT COMPARED WITH MARCH LAST YEAR, CORRESPONDING TO AN ORGANIC GROWTH OF 2 PER CENT.MARCH ORGANIC SALES INCREASED BY 2 PER CENT COMPARED WITH PRECEDING YEAR.MARCH SALES INCREASED BY 4 PER CENT TO 605 MSEK (584).MARCH ORGANIC SALES INCREASED BY 2 PER CENT COMPARED WITH PRECEDING YEAR.SALES IN MARCH WERE POSITIVELY IMPACTED BY A CALENDAR EFFECT OF APPROXIMATELY 2 PERCENTAGE POINTS DUE TO A HIGHER NUMBER OF TRADING DAYS THAN IN YEAR-EARLIER PERIOD.  Full Article

Clas Ohlson Q3 Underlying Oper Profit Up At 363 Million
Wednesday, 13 Mar 2019 

March 13 (Reuters) - Clas Ohlson AB ::CLAS OHLSON NINE-MONTH REPORT 2018/19.GROWTH IN Q3 BETTER THAN MARKET, BUT LOWER THAN INTERNAL TARGET - AFFECTS PROFITABILITY FOR CURRENT YEAR.Q3 SALES SEK 2.92 BILLION VERSUS SEK 2.75 BILLION YEAR AGO.Q3 OPERATING PROFIT, INCLUDING NON-RECURRING COSTS, COSTS LINKED TO CO100+ ACTION PROGRAMME AND CLOSURE OF STORE NETWORK IN UK AND GERMANY TOTALLED 105 MSEK (349).Q3 UNDERLYING OPERATING PROFIT AMOUNTED TO 363 MSEK (359).OPERATING MARGIN FOR FULL-YEAR 2018/2019 IS EXPECTED TO BE APPROXIMATELY 3%* AND UNDERLYING OPERATING MARGIN APPROXIMATELY 5%.FOR FIRST TIME IN MANY YEARS, MARKET DID NOT GROW DURING CHRISTMAS TRADING THIS YEAR IN SWEDEN, NORWAY OR FINLAND.IN TERMS OF SALES AND EARNINGS, Q3 IS MOST IMPORTANT FOR US.GROWTH IN Q3 BETTER THAN MARKET, BUT LOWER THAN INTERNAL TARGET - AFFECTS PROFITABILITY FOR CURRENT YEAR.CLAS OHLSON - OPERATING MARGIN FOR FULL-YEAR 2018/2019 IS EXPECTED TO BE APPROXIMATELY 3%* AND UNDERLYING OPERATING MARGIN APPROXIMATELY 5%.ORGANIC GROWTH WAS 4 PER CENT FOR QUARTER AND ORGANIC GROWTH FOR NINE-MONTH PERIOD WAS IN LINE WITH TARGET OF 5 PER CENT.SALES IN QUARTER DID NOT REACH OUR INTERNAL TARGET AND THAT AFFECTS PROFITABILITY FOR CURRENT YEAR.CLOSURE OF STORE NETWORK IN UK AND GERMANY PROCEEDING TO PLAN.DISCONTINUATION COST HAS NOW BEEN BOOKED TO 210 MSEK AND IS CHARGED TO EARNINGS FOR QUARTER.ANTICIPATED POSITIVE EARNINGS EFFECT OF APPROXIMATELY 75 MSEK PER YEAR WILL HAVE FULL IMPACT AFTER Q2 OF 2019/20.  Full Article

Clas Ohlson January Sales Up By 4 Per Cent Yoy
Friday, 15 Feb 2019 

Feb 15 (Reuters) - Clas Ohlson AB ::CLAS OHLSON INCREASE SALES IN JANUARY.CLAS OHLSON INCREASE SALES IN JANUARY.JANUARY SALES INCREASED BY 4 PER CENT TO 621 MSEK (596).SALES IN JANUARY IN COMPARABLE UNITS AND LOCAL CURRENCY IS UNCHANGED.SALES ONLINE IN JANUARY INCREASED BY 29 PER CENT TO 29 MSEK (22).COMPARED WITH JANUARY LAST YEAR, STORE PORTFOLIO WAS EXPANDED NET BY 14 STORES.AT END OF MONTH, TOTAL NUMBER OF STORES WAS 238..TOTAL SALES FOR Q3 2018/19 (NOVEMBER 2018 TO JANUARY 2019) INCREASED BY 6 PER CENT TO 2 915 MSEK (2 746).  Full Article

Clas Ohlson December Sales Up By 4 Pct
Tuesday, 15 Jan 2019 

Jan 15 (Reuters) - Clas Ohlson AB ::CLAS OHLSON INCREASE SALES IN DECEMBER.ORGANIC SALES INCREASED BY 2 PER CENT COMPARED WITH PRECEDING YEAR..SALES IN DECEMBER INCREASED BY 4 PER CENT COMPARED WITH DECEMBER LAST YEAR, CORRESPONDING TO AN ORGANIC GROWTH OF 2 PER CENT.SALES IN DECEMBER IN COMPARABLE UNITS AND LOCAL CURRENCY IS UNCHANGED..DECEMBER SALES INCREASED BY 4 PER CENT TO 1,316 MSEK (1,261).TOTAL SALES FOR FIRST EIGHT MONTHS OF FISCAL YEAR 2018/19 (MAY TO DECEMBER 2018) INCREASED BY 8 PER CENT TO 6,410 MSEK.  Full Article

Clas Ohlson: Q2 Underlying Operating Profit Down At SEK 124 Million
Wednesday, 5 Dec 2018 

Dec 5 (Reuters) - Clas Ohlson AB ::CLAS OHLSON SIX-MONTH REPORT 2018/19.Q2 SALES INCREASED BY 8% TO 2,157 MSEK (1,999), ORGANIC SALES UP 4% AND UP 1% IN COMPARABLE UNITS.Q2 OPERATING PROFIT SEK 33 MILLION VERSUS SEK 125 MILLION YEAR AGO.STORE NETWORK IN UK AND GERMANY WILL BE CLOSED.Q2 UNDERLYING OPERATING PROFIT AMOUNTED TO 124 MSEK (140).BOARD HAS DECIDED ON A NEW DIRECTION FOR CLAS OHLSON'S MARKET PRESENCE THAT GOING FORWARD WILL FOCUS ON ONLINE SHOPPING.SALES IN NOVEMBER INCREASED BY 10% TO 979 MSEK (889)..MARKET CLIMATE FOR RETAIL REMAINS CHALLENGING WITH A FAST RATE OF CHANGE."WE SEE OPPORTUNITIES FOR FURTHER IMPROVING PROFITABILITY IN FINLAND".BUSINESS IN UK IS CONTINUING TO INCUR SIGNIFICANT LOSSES DESPITE MEASURES IN RECENT YEARS TO OPTIMISE STORE NETWORK.CLOSURE OF STORE NETWORK IN UK AND GERMANY WILL AFFECT APPROXIMATELY 150 EMPLOYEES AND TOTAL SETTLEMENT COST IS ESTIMATED AT MAXIMUM 210 MSEK.CO100+ ACTION PROGRAMME IS PROGRESSING ACCORDING TO PLAN.  Full Article

Clas Ohlson Sales In October Up By 10 Pct
Thursday, 15 Nov 2018 

Nov 15 (Reuters) - Clas Ohlson AB ::CLAS OHLSON INCREASE SALES IN OCTOBER.CLAS OHLSON INCREASE SALES IN OCTOBER.SALES IN OCTOBER INCREASED BY 10 PER CENT COMPARED WITH OCTOBER LAST YEAR,.FOR THIS FISCAL YEAR'S FIRST SIX MONTHS ORGANIC GROWTH IS IN LINE WITH GROWTH TARGET OF 5 PER CENT.OCTOBER SALES INCREASED BY 10 PER CENT TO 755 MSEK (688)..  Full Article

Clas Ohlson sales growth 16 percent in June
Friday, 13 Jul 2018 

July 13 (Reuters) - Clas Ohlson AB ::CLAS OHLSON INCREASE SALES IN JUNE.SAYS SALES IN JUNE INCREASED BY 16 PER CENT COMPARED WITH JUNE LAST YEAR, AND SALES GROWTH IN COMPARABLE UNITS AND LOCAL CURRENCY AMOUNTED TO 9 PERCENT.TOTAL SALES GROWTH IN JUNE WAS EXPECTED AT 9 PCT, TOTAL SALES GROWTH IN LOCAL CURRENCY EXPECTED AT 5 PCT IN REUTERS SURVEY OF 3 ANALYSTS.SAYS CLAS OHLSON'S ONLINE SALES GROWTH IN JUNE AMOUNTED TO 119 PERCENT.  Full Article

Clas Ohlson posts Q4 operating loss, sales up 7 pct in May
Friday, 8 Jun 2018 

June 8 (Reuters) - Clas Ohlson AB ::Q4 SALES INCREASED BY 7% TO 1,683 MSEK (1,575), UP 6% IN LOCAL CURRENCIES.Q4 OPERATING PROFIT AMOUNTED TO -106 MSEK (17), IMPACTED BY NON-RECURRING COST AND ALLOCATION OF COST RELATED TO STRATEGY IMPLEMENTATION OF 45 MSEK IN TOTAL.Q4 EARNINGS AFTER TAX AMOUNTED TO -86 MSEK (20).SAYS SALES IN MAY INCREASED BY 7% TO 604 MSEK (566), UP 4% IN LOCAL CURRENCIES.SAYS PROPOSED DIVIDEND IS 6.25 SEK PER SHARE (6.25).Q4 ONLINE SALES INCREASED 48 PER CENT, THOUGH FROM LOW LEVELS..SAYS ONLINE SALES INCREASED BY 24 PER CENT IN MAY.  Full Article

Clas Ohlson to buy 10 pct of MatHem
Friday, 8 Dec 2017 

Dec 8 (Reuters) - Clas Ohlson ::CLAS OHLSON CLOSER TO THE CUSTOMER THROUGH STRATEGIC COLLABORATION WITH MATHEM.SE.SAYS ‍AT SAME TIME, CLAS OHLSON ACQUIRES NEWLY ISSUED SHARES CORRESPONDING TO 10 PER CENT OF MATHEM I SVERIGE AB​.SAYS ‍CLAS OHLSON WILL OWN 10 PER CENT OF MATHEM I SVERIGE AB, MAKING CLAS OHLSON MATHEM'S FOURTH LARGEST OWNER​.SAYS ‍INVESTMENT AMOUNTS TO 221 MSEK AND WILL BE REPORTED IN CLAS OHLSON'S Q3 OF 2017/18.MATHEM.SE IS A LEADING E-COMMERCE OPERATOR AND SWEDEN'S LARGEST ONLINE GROCERY STORE WITH DELIVERIES IN SEVERAL LARGER CITIES.MATHEM'S SALES AMOUNTED TO 963 MSEK IN 2016 ​.  Full Article

Clas Ohlson Q2 operating profit lags forecast​
Wednesday, 6 Dec 2017 

Dec 6 (Reuters) - Clas Ohlson AB ::SAYS ‍SALES IN NOVEMBER AMOUNTED TO 889 MSEK (908)​.Q2 ‍SALES INCREASED BY 2% TO 1,999 MSEK​.Q2 ‍OPERATING PROFIT AMOUNTED TO 125 MSEK.REUTERS POLL: CLAS OHLSON Q2 OPERATING PROFIT WAS SEEN AT SEK 134 MILLION, NOV LOCAL CURRENCY SALES SEEN UP 1.2 PERCENT​.SAYS ‍SLOW SALES TREND CONTINUED INTO NOVEMBER AND WE ARE NOW REPORTING MONTHLY SALES OF 889 MSEK, IN LINE WITH STRONG NOVEMBER OF LAST YEAR.SAYS IN LOCAL CURRENCIES, NOVEMBER SALES ARE UNCHANGED COMPARED WITH THE PRECEDING YEAR​.SAYS ‍WORK ON STRATEGY WILL RESULT IN A NEW STRATEGIC PLAN FOR COMPANY'S CONTINUED DEVELOPMENT AND GROWTH​.SAYS ‍WE ARE EVALUATING ALTERNATIVES FOR CAPITALISING ON OUR STRONG BRAND IN NORDIC MARKETS - WHERE WE CONTINUE TO SEE GREAT POTENTIAL - AND A NUMBER OF DIFFERENT BUSINESS MODELS FOR SUPPLEMENTING OUR CURRENT BUSINESS​.SAYS ‍WILL PRESENT AND LAUNCH PLAN IN FULL DURING SPRING​.SAYS ‍REGARDING STORE EXPANSION IN NORDIC MARKETS, WE HAVE DECIDED TO FOCUS ON TESTING NEW STORE FORMATS INSTEAD OF CONTINUING TO OPEN CURRENT FORM OF STORES. WE WILL ALSO REVIEW AND OPTIMISE OUR STORE LOCATIONS​.SAYS ‍ABILITY TO DELIVER OUR OFFERING DIGITALLY IS ALSO KEY AND A PRIORITISED PART OF STRATEGIC REVIEW AND, ACCORDINGLY, WE STARTED EFFORTS TO DEVELOP THIS AREA AS AN INTEGRATED PART OF STRATEGIC PLAN​.  Full Article

Investment firm Kinnevik buys into Swedish online grocer MatHem

STOCKHOLM, Feb 14 Kinnevik is spending 900 million Swedish crowns ($97 million) to buy a 38 percent stake in MatHem, an online domestic grocery retailer that it sees benefiting from more Swedes shopping online for food items, the investment company said.