CEO Klas Balkow comments:
“Clas Ohlson continues to strengthen its position and capture market share in a turbulent market. The weak market trend during the quarter impacted sales and earnings compared with the year-earlier period.
With a strong financial position, we continue to invest for growth and expansion. During the quarter, for example, we opened five new stores and launched a mobile-adapted version of our e-shopping offering in all markets, an important part of our efforts to add new supplementary and interacting sales channels.
“We have had a good start to this year’s Christmas shopping period, not least through our e-shopping and sales of snow blowers and low-energy lighting,” says Klas Balkow, President and CEO.
Analyst and media conference
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)247-444 05
The information in this press release comprises information that Clas Ohlson AB (publ) is required to disclose pursuant to the Swedish Securities Market Act and/or the Swedish Financial Instruments Trading Act. The information was released for publication at 08:00 (CET) on Wednesday December 12 2012.