Clas Ohlson lifts profit as
Photo: Jessica Gow / TT

Clas Ohlson lifts profit as summer heat boosts demand for fans and air conditioning

The gadget chain Clas Ohlson reports higher profit for the period May 1 - July 31. Operating profit amounted to 393 million, compared with 278 million last summer.

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"When the heat drove demand for fans and air conditioning in June, we had the right products on the shelf," writes CEO Kristofer Tonström in the interim report.

The company's turnover increased by 16 percent to almost SEK 3.3 billion. In particular, there was an increase online, where sales amounted to SEK 734 million, an increase of 35 percent.

The company is also planning to carry out several renovations in existing stores. The ambition is to open ten new stores a year.

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AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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