Gadget chain Clas Ohlson increases
Photo: Adam Ihse/TT

Gadget chain Clas Ohlson increases profits

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.

Advertisement

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.

In this story
AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
Was this useful?

What do you think?

Keep readingmore from Business

All