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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 publishes its interim report (Q3) on 8 March 2012 at 8:00 am.
Interim Report
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Newsletter
The company has a relatively large exchange-rate exposure through its sales in Norway and through the Group’s purchasing.The table shows how earnings are affected by changes in the principal currencies.It also shows how earnings are affected by a change in volume of sales for comparable units.
A significant portion of accounts payable comprises liabilities in foreign currencies and is therefore subject to currency risks. In the Group, the principal currencies used in purchases are hedged in order to reduce any currency risks, in accordance with the financial policy. Approximately 50 per cent of the anticipated flow six months ahead is hedged when prices in the main catalogue are set.Approximately 45 per cent of the company’s purchases are made in currencies other than Swedish kronor (SEK). The principal currencies for purchasing are the US dollar (USD), Hong Kong dollar (HKD) and euro (EUR). In addition, movements of SEK against the Norwegian krone (NOK) are very significant to the Group, because more than a third of sales take place in Norway. Net exposure to EUR is low, because the company has higher EURdenominated sales due to its expansion in the Finnish market. The table shows how profit is affected by changes in the principal currencies.
Internally generated funds including changes in working capital.
Total of current assets excluding cash and cash equivalents, less current liabilities.
Balance-sheet total less non-interestbearing liabilities and provisions. Average capital employed is calculated as the average of opening and closing capital employed during the year.
Gross profit in the income statement as percentage of net sales for the financial year.
Operating profit as a percentage of net sales for the financial year.
Net profit for the year as stated in the income statement and expressed as a percentage of average equity.
Equity at the end of the year as a percentage of the balance-sheet total.
Store sales in relation to effective retail space. For new stores, a conversion has been made in relation to how long the store has been open
Profit after tax in relation to average number of shares.
Profit after tax plus depreciation in relation to average number of shares.
