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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.
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The history of Clas Ohlson
Our business concept
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.
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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
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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.
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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!
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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 hardware, electrical, leisure, home and multimedia 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.
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Fourth quarter
* Sales totalled SEK 1,078 M (1,053), up 2%
* Operating profit was SEK 14 M (38), down 63%.
* Profit after tax totalled SEK 12 M (29), down 57%
* Earnings per share amounted to SEK 0.19 (0.45), down 58%
12 months
* Sales totalled SEK 5,556 M (4,930), up 13%
* Operating profit was SEK 591 M (503), up 17%
* Profit after tax totalled SEK 433 M (366), up 18%
* Earnings per share amounted to SEK 6.72 (5.62), up 20%
* Dividend of SEK 3.75 per share proposed (3.00), up 25%
Events after the end of the reporting period
* Sales in May amounted to SEK 384 M (372), up 3%
CEO Klas Balkow comments:
“Summing up the financial year, we can state that Clas Ohlson continues to grow with favourable profitability in line with our long-term financial objectives. Growth, of 13%, was somewhat lower than the target due to weaker sales growth during the fourth quarter. We increased profits by 17% during the financial year despite major investments in the future including expansion in the UK, expansion of the distribution centre and continued development of our existing operations in the Nordic region.
“Growth in the fourth quarter was lower than we are accustomed to. We opened fewer stores, while demand for seasonal products for the spring was lower than normal. In addition, we were negatively impacted by exchange-rate fluctuations. The lower growth, combined with market investments in the UK, also impacted the quarterly earnings, which were significantly lower than a year earlier.”
Analyst and media conference
An analyst and media conference will be held today, Thursday 10 June at 10 a.m. (CET). For participation, please visit www.financialhearings.com (http://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
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This information was brought to you by Cision http://www.cisionwire.com
http://www.cisionwire.com/clas-ohlso/clas-ohlson--year-end-report-1-may-2009---30-april-201018704
The following files are available for download:
http://feed.ne.cision.com/client/waymaker1/f.aspx?id=1630086&fn=wkr0005.pdf Clas Ohlson Year end report
-0.66% so far today
Shares traded today So far this year
40,104 -21.7%
(Updated: 9/3/2010 5:29 PM)
Clas Ohlson shares
Clas Ohlson publishes its interim report on 8 September 2010 at 8:00 am.
Since premiering on the stock exchange Clas Ohlson has arranged one of Sweden’s largest and most frequented AGMs. This year’s AGM will be held on September 11th.
