Gadget chain Clas Ohlson increases profits

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Gadget chain Clas Ohlson increases profits
Photo: Adam Ihse/TT

The gadget chain Clas Ohlson reports an operating profit of SEK 410 million for the second quarter of the current fiscal year. This compares with SEK 307 million in the corresponding quarter a year earlier.

Analysts, according to Bloomberg, expected an operating profit of SEK 395.5 million. Net sales increased by 7 percent to SEK 3 billion during the quarter. E-commerce sales increased by 8 percent to SEK 572 million.

"The second quarter of the year can be summed up by the fact that the sales trend remains strong while profitability improved. We continue to develop the company with a focus on product range, brand and customer encounters," writes CEO Kristofer Tonström in a press release.

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By TTEnglish edition by Sweden Herald, adapted for our readers

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