It will be very exciting to see how our Swedish customers receive the smaller store format. Everyone who has worked with the store has done a fantastic job and the location here in Hornstull is ideal. I think we have good reasons for having high expectations
Clas Ohlson closed its third and most important quarter by breaking new records as a result of strong Christmas sales figures. Currencies remain a challenge, although a number of measures have limited the negative impact on earnings for the quarter.
Interest in the smart home is a trend that we've seen for a couple of years and it is now really taking off.
During the second quarter, we noted a stable sales trend, and I am very pleased with the good start to the Christmas shopping season, with November sales figures breaking new records. As expected, we were also impacted by significant challenges created by currencies during the quarter, although we successfully limited the negative effect on earnings by taking compensating measures.
This shows that we are on the right path, and it gives us even more energy to keep developing our customer offer.
We passed yet another milestone on our growth journey. Following a favorable summer, we are wrapping up the quarter by reporting record sales figures and an increase in earnings. In August, we achieved a new milestone when we opened our 200th store.
We are breaking new records and taking further steps internationally. We round off the financial year at record levels, with higher sales and strengthened fourth-quarter earnings. A strong offering and a clear spring range has given us a good start in the new financial year.
Our partnership with Clas Ohlson and our shared commitment to improving the lives of these children is extremely valuable
It was a natural choice for us to support Save the Children’s projects in China as we are active locally in the country, and purchase a majority of our products from the region. Our collaboration with Save the Children helps us affect the terms for children long-term, as a compliment to the integrated sustainability work we already carry out in our organization
At Clas Ohlson we have sold ink cartridges and toner cartridges for many years and furthermore in very large quantities. Involving our stores in our drive to promote the reuse of these products is completely in line with our policy not only to ensure a sustainable handling of the products we sell, but also to help our customers to make more sustainable choices. This initiative is yet another example of how we are embracing our
“A record quarter with more loyal customers than ever Third-quarter earnings were again the best in Clas Ohlson’s history. Sales increased in all markets and in all sales channels. Our concept and attractive customer offering, combined with enhanced efficiency, is generating results.
We are strengthening in all aspects and break new records. We are continuing to develop our business in the right direction and report healthy sales and earnings growth. In our home markets, we have strengthened our market position in all sales channels and we posted high growth figures in particular in countries outside the Nordic region.
In this context we are a small player, but our absolute ambition is to make a difference. We focus on the areas where we as a company have the biggest impact when we define our sustainability agenda
At Clas Ohlson, sustainability questions are on the top of our agenda, and we are of course glad to participate at the Global Child Forum and share the way we work. By working integrated with these question from the Children’s Rights principles we have a clear and substantial agenda for sustainability which is important for us to discuss in this type of forum
To develop and optimise our supply of goods is an important part of our strategy, where we have made great progress during the last years. Receiving this award, as a token of appreciation of the work Clas Ohlson does, is of course extremely awarding