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The mail order business that Clas Ohlson started in 1918 in Insjön is now an established European retail business. There are about three thousand staff working in Sweden, Norway, Finland and the UK who all follow our company motto “Making things easier for people to solve their everyday practical problems”. You are warmly welcome to read about the journey we have made, the future challenges we face and the values, concepts and responsibilities on which our business operations based.
Clas Ohlson is a rapidly expanding retail business with sales of over SEK 5 billion in Sweden, Norway, Finland and the UK. The Head Office lies in the same town where its business operation began in Insjön, Dalarna County. The company has been listed on Stockholm's Stock Exchange (OMX) since 1999.
Our Media Centre contains an overview of our press releases, current store openings, relevant company information and other news of interest. Images, video clips and important contact information are also found here. You are welcome to contact us regarding any of your media related requests. Ring our switchboard at +46 (0)247-444 00 or e-mail us with any queries at press@clasohlson.se
Do you share our view that helping people solve their everyday problems whether big or small is one of the most satisfying things one can do? Then Clas Ohlson may be the company for you with exciting multifaceted roles and job assignments on local, national and international levels. At Clas Ohlson the possibilities for advancement, training and personal development are endless.
There are several ways to contact us. Click on the link that best suites your needs and you will access your information more quickly. Uncertain about who to contact, call our main switchboard at +46 (0)247-444 00 or Customer Services at +46 (0)247-445 00 and you’ll receive the assistance that you need. We look forward to hearing from you!
It should always be easy and convenient to find what you need at Clas Ohlson. In Sweden and Norway, we sell a wide array of home, multimedia, electrical, leisure and hardware products both though our online store and by mail order. In both Finland and the UK, sales are conducted through our expanding retail network. All our purchasing, transport and goods are handled responsibly according to strict environmental and sustainability standards.
Clas Ohlson published its interim report (Q2) on 8 December 2011 at 7:00 am.
Interim Report (Q2)
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Clas Ohlson’s financial year runs from 1 May to 30 April. Our quarterly reports are published about six weeks after each report period is complete, which means our first quarter results are published in September, our second in December, our third in March, and our year-end reports in June.
In between these reports, our sales figures are reported monthly on the 15th of each month, based on the previous month's sales statistics. If the 15th should fall on a weekend, publishing will occur on the Friday preceding the weekend, e.g. on the 13th or 14th.To read or to download the entire interim report, please choose one of the alternatives to the right.
12/8/2011 7:00 AM
Second quarter
* Sales amounted to SEK 1,553 M (1,435), up 8%.
In local currencies, growth was 8%
* Operating profit amounted to SEK 124 M (119), up 4%
* Profit after tax amounted to SEK 88 M (86), up 3%
* Earnings per share amounted to SEK 1.38 (1.35), up 2%
6 months
* Sales amounted to SEK 2,940 M (2,758), up 7%.
In local currencies growth was 8%.
* Operating profit amounted to SEK 243 M (234), up 4%
* Profit after tax amounted to SEK 173 M (170), up 2%
* Earnings per share amounted to SEK 2.71 (2.66), up 2%
* Cash flow from operating activities amounted to SEK 512 M (148)
Events after the end of the reporting period
* Sales in November amounted to SEK 636 M (593), up 7%.
In local currencies, growth was 6%
CEO Klas Balkow comments:
“We are continuing to grow and claim market shares in all markets in an overall weak retail environment. During the quarter, an increased share of direct purchasing, without using intermediaries, continued to have a positive effect on our gross margin. Our profit increased in the quarter compared with the year-earlier period, including continued investments in the UK market. With our sales increase in November, we have a positive start of this year’s Christmas Sales period.
Our long-term efforts to strengthen Clas Ohlson for a European market continue. We have a strong base with more than 150 stores and have now achieved annual sales exceeding SEK 6 billion. We have a stable financial position and have never been stronger in our home markets, which gives us the scope and stamina to continue developing Clas Ohlson in a challenging market.”
Analyst and media conference
An analyst and media conference will be held today, Thursday 8 December. For participation, please visit www.financialhearings.com
For more information, please contact:
Klas Balkow, CEO and President, Clas Ohlson AB: +46 (0)247-447 55
John Womack, Director of Information and IR, Clas Ohlson AB: +46 (0)70 678 24 99
