Clas Ohlson Sees Profit Rise in First Quarter with Strong Sales

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Clas Ohlson Sees Profit Rise in First Quarter with Strong Sales
Photo: Adam Ihse / TT

The retail chain Clas Ohlson reports an operating result of 278 million kronor for the broken fiscal year's first quarter, concluded in July. This can be compared to 203 million kronor during the corresponding quarter a year earlier.

Net sales increased by 7 percent to 2.8 billion during the quarter and according to the company, the sales increase continued in August by 5 percent to 1.0 billion kronor.

E-commerce sales increased by almost 30 percent in the completed quarter, according to Clas Ohlson.

"Just like before, we can see how the work on making the range relevant during all months of the year gives results. We have launched a large number of product news during the first months of the year, which has contributed to strong sales of both base range and seasonal products", writes CEO Kristofer Tonström in a comment.

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By TTEnglish edition by Sweden Herald, adapted for our readers

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