Clas Ohlson’s sales increased in April
Sales in April increased by 17 per cent to 607 MSEK (521). Organic sales increased by 14 per cent compared to the previous year. Sales in comparable units and local currency increased by 13 per cent compared to the previous year. Online sales decreased by 29 per cent to 74 MSEK (104). Compared to the same month last year the store network increased by 1 store. At the end of the period, the total number of stores was 229 (228).
Distribution of sales | Month | Accumulated | ||||
April | Change | May-April | Change | |||
MSEK | 2021/22 | SEK | Organic | 2021/22 | SEK | Organic |
Sweden | 277 | 9% | 9% | 3,982 | 6% | 6% |
Norway | 264 | 27% | 20% | 3,780 | 7% | 3% |
Finland | 62 | 13% | 11% | 966 | 1% | 1% |
Outside the Nordics | 4 | -13% | -18% | 56 | -1% | -5% |
Total | 607 | 17% | 14% | 8,784 | 6% | 4% |
Of which online | 74 | -29% | -31% | 971 | 9% | 7% |
Total sales for the period May–April 2022 increased by 6 per cent to 8,784 MSEK (8,284). Organic sales increased by 4 per cent compared to the previous year. Sales in comparable units and local currency increased by 4 per cent compared to the previous year. Online sales for the period increased by 9 per cent to 971 MSEK (894).
Kristofer Tonström, CEO and President: Total sales in April increased by 17 per cent compared with the previous year. Our customer offering during the month was well received, for example our focus on our range of solar cell lighting was very successful. In addition, we have continued to invest in campaigns and marketing to drive growth and see good results from this work, not least in the Finnish market. Just as in March, the comparative figures for our online sales in April are characterised by the fact that large parts of the Norwegian store network were closed last year due to restrictions. In total, our online sales decreased by 29 per cent.
For further information, please contact:
Niklas Carlsson, Group Head of Communications, +46 247 444 29, niklas.carlsson@clasohlson.se
This is information that Clas Ohlson AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. This information was submitted for publication, through the agency of the contact person set out above, at 7:00 a.m. CET on 6 May 2022.
Clas Ohlson was founded in 1918 as a mail order business based in Insjön, Dalarna, Sweden. Today, we are a retail company with customers in four markets, approximately 4,500 co-workers, and annual sales of approximately 8.3 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. Visit about.clasohlson.com/en to read more about us and our passion for simplifying life in all kinds of homes.