Clas Ohlson’s operating profit in the first quarter of the fiscal year ended amounted to SEK 102 million.
Analysts had on average expected an operating profit at 117 million, according to SME Direkt analyst survey.
Profit before tax was SEK 102 million. Expected was 118 million, according to SME.
In comparable stores and adjusted for currency, sales increased 4 percent. Expected, an increase of 4.5 percent.
sales rose 9 percent
Clas Ohlson’s total sales rose 9 percent in August. In local currencies, sales increased by 7 percent.
According to SME Direkt compilation was expected that total sales would increase 6.8 percent and sales in local currencies would increase 4.6 percent.
The Company believes that the calendar effect during the month was approximately 2 percentage points.
Compared with the same month last year, eight stores were added bringing the total number of stores at the end of August to 186 pieces.
In Sweden, sales rose by 7 percent, while Norway showed an increase of 7 per cent and Finland, up 13 percent. Sales in the region outside the Nordic region increased by 40 percent to SEK 29 million (20).
In local currency, sales in Norway, up 6 percent, Finland, up 7 percent and outside the Nordic countries, the increase was 24 percent.
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