Clas Ohlson year-end report 2019/20
Proof of strength in uncertain times Fourth quarter – 1 Feb to 30 April • Sales in the Nordics decreased by 4% to 1,627 MSEK (1,688). Organic growth was unchanged. Total sales fell by 6% and organic sales declined by 2% to 1,644 MSEK (1,742) • Online sales increased by 45% to 138 MSEK (96) • Operating loss, including non-recurring costs and costs linked to the CO100+ action programme, totalled -41 MSEK (-77) Excluding the effect of IFRS 16, operating loss amounted to -61 MSEK. • Underlying operating loss amounted to -31 MSEK (-52) (excl IFRS 16) • The operating margin was -2.