Clas Ohlson: Interim report, 1 May 2012 – 31 January 2013

Third quarter

* Sales totalled SEK 2,169 M (2,049), up 6%.

   In local currencies, growth was 6%

* Operating profit amounted to SEK 247 M (307), down 19%

* Profit after tax was SEK 204 M (220), down 7%

* Earnings per share were SEK 3.22 (3.46), down 7%

Nine months

* Sales totalled SEK 5,245 M (4,988), up 5%.

  In local currencies, growth was 6%

* Operating profit amounted to SEK 450 M (550), down 18%

* Profit after tax totalled 349 M (393), down 11%

* Earnings per share were SEK 5.51 (6.18), down 11%

* Cash flow from operating activities amounted to SEK 625 M (1,044)

Events after the end of the reporting period

* Sales in February amounted to SEK 413 M (427), down 3%.

   In local currencies growth was down 2%. The calendar effect, due to the leap year in the preceding    

   year, is estimated to amount to a negative 4 percentage points.

CEO Klas Balkow comments:

“During the quarter, Clas Ohlson strengthened its market position through continuing growth and higher market shares. The generally sluggish retail market also affected us during the quarter, with lower visitor frequency and lower sales in comparable stores which, combined with our initiatives in new markets and sales channels, affected profit for the quarter compared with the year-earlier period. 

We have a strong financial position and are continuing to invest in a number of areas to ensure sustained growth and expansion. In March, for example, we commenced the launch of our first loyalty program, Club Clas, which will further strengthen our offering and competitiveness,” says Klas Balkow, President and CEO.

Analyst and media conference

An analyst and media conference will be held today, Tuesday 12 March. For participation, please visit http://about.clasohlson.com or www.financialhearings.com

For more information, please contact:

Klas Balkow, CEO and President, Clas Ohlson AB: +46 (0)247-447 55

John Womack, Director of Information and IR, Clas Ohlson AB: +46 (0)247-444 05

The information in this interim report is such that Clas Ohlson is obligated to publish according to the Securities Market Act. The information was submitted for publication on 12 March 2013 at 8:00 a.m. (CET).

Clas Ohlson AB is a Swedish chain store that sells, amongst other things, hardware, electrical, multimedia, and home and leisure products. It is the largest hardware chain in Scandinavia. The company was founded in 1918 by the technically-minded Clas Ohlson (1895–1979), as a mail order business based in the Swedish village of Insjön, Dalarna. Initially, only manuals and technical literature were sold. He opened his first shop in Insjön in 1926 and there are now stores throughout Sweden, as well as in Norway and Finland. In 2008, the company opened its first store in the United Kingdom, in Croydon, south London. There are now stores at the Arndale Centre in Manchester, at The Harlequin in Watford, in Kingston upon Thames, Reading, Liverpool, Leeds, Birmingham, Cardiff, Doncaster, Norwich and Newcastle.

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About Us

Clas Ohlson was founded in 1918 as a mail order business based in Insjön, Sweden. This year, we are celebrating 100 years as a business with customers in five markets, approximately 5,000 co-workers and annual sales of approximately 8 billion SEK. Our share is listed on Nasdaq Stockholm. A lot has happened since the start in 1918, but one thing has remained the same over the years; that we want to help and inspire people to improve their everyday lives by offering smart, simple, practical solutions at attractive prices. Read more about our history on clasohlson100.com/en or visit about.clasohlson.com for current events and information.

Contacts

  • Clas Ohlson