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Clas Ohlson AB (CLASb.ST)

CLASb.ST on Stockholm Stock Exchange

82.60SEK
18 Dec 2018
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335,956
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65.30kr

Latest Key Developments (Source: Significant Developments)

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

Clas Ohlson Sept sales up 5 pct, above forecast
Friday, 13 Oct 2017 

Oct 13 (Reuters) - Clas Ohlson Ab ::Says ‍sales increase by 5 per cent in september to 640 MSEK (610).Says in local currencies, sales increase by 6 per cent versus previous year.Sales development in comparable units and in local currency is 4 per cent .Reuters poll: Clas Ohlson Sept sales were seen up 2.1 pct to 623 mln SEK .  Full Article

Clas Ohlson January sales lags forecast
Wednesday, 15 Feb 2017 

Clas Ohlson Ab : Clas Ohlson increase sales in January 2017 . Says sales in January increased to 578 msek (558), an increase of 4 percent compared to previous year . Says in local currencies, sales is unchanged versus previous year. .Reuters poll: Clas Ohlson January sales were seen up 7 percent.  Full Article

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Growth and trade nerves grind European shares down to 2-week low

LONDON Worries about U.S. bond markets signaling an impending recession, and a still rumbling trade war between the world's top two economies, saw European shares sink further on Wednesday after a 3 percent drop on Wall Street the previous day.