Clas Ohlson increases sales in March 2018
Sales increases by 9 per cent in March to 584 MSEK (537). In local currencies, sales increases by 7 per cent versus previous year. Sales in March is negatively affected by a calendar effect of about 3 percentage points, due to less trading days compared with the corresponding period previous year. Sales development in comparable units and in local currency was 5 per cent.
Compared with the same month previous year, the net store portfolio was expanded by 12 stores. At the end of the period, the total number of stores was 227.
Sales in March is distributed as follows:
|Percentage change||Percentage change,
|Outside Nordic countries*||21||19||12||7|
*Effected by store optimization in the UK.
Total sales during the first eleven months of the fiscal year (May 2017 to March 2018) increases by 2 per cent to 7,630 MSEK (7,463). In local currencies, sales increases by 3 per cent versus previous year.
The fourth quarter interim report 2017/18 will be published at 07:00 CET on Friday 8 June 2018. The report will be presented on the same day at 08:30 CET in a telephone and web conference.
For more information, please contact:
Sara Kraft Westrell, Director of Information and Investor Relations, phone +46 247 649 13
This is information that Clas Ohlson AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 7:00 am CET on 13 April 2018.
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, more than 4,800 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.