Clas Ohlson three-month report 2021/22
A solid quarter with strong profitabilityFirst quarter – 1 May to 31 July · Sales declined by 1% to 2,056 MSEK (2,074), organic growth down 2% and down 2% in comparable units · Online sales increased by 19% to 219 MSEK (184) · Operating profit amounted to 147 MSEK (166). Excluding the effect of IFRS 16, operating profit totalled 128 MSEK (147) · The operating margin was 7.2 per cent (8.0). Excluding the effect of IFRS 16, the operating margin was 6.2% (7.1) · Net debt/EBITDA excluding the effect of IFRS 16 (12 months) amounted to -1.0 times (-0.5) · Profit after tax