Interim Report 1 May 2009 – 31 July 2009

1st quarter * Sales totalled SEK 1,288 M (1,114), up 16% * Operating profit amounted to SEK 141 M (108), up 31%. * Profit after tax totalled SEK 101 M (79), up 29% * Earnings per share amounted to SEK 1.56 (1.20), up 30% Events after the end of the period * Sales in August amounted to SEK 446 M (407), up 10% CEO Klas Balkow comments: “We had a positive start to the financial year with an improvement in the sales trend during the spring and summer. We also posted higher earnings for the quarter, which confirms that our efforts to increase Clas Ohlson’s productivity have had an effect. “We are now increasing the investment in the UK through two new store contracts in London and the surrounding area. The UK market has immense potential for Clas Ohlson and has attractive growth prospects for many years to come. At the same time, we remain aware that time and resources will be required to establish a strong position in a completely new market.” The entire report can be downloaded at http://www.clasohlson.co.uk/Archive/Reports/clasohlson20092010_01english.pdf

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

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