Regulatory 2020-08-14 07:00 CET Financial information

Continued organic growth for Clas Ohlson in July

Sales in July increased by 1 per cent to 733 MSEK (728). Organic growth was 6 per cent. Online sales in July increased by 47 per cent to 54 MSEK (37). Sales in comparable units and local currency increased by 8 per cent. The total number of stores at the end of the period was 228 (232).

Distribution of sales

Month Accumulated
July Change May-July Change
MSEK 2020/21 SEK Organic 2020/21 SEK Organic
Sweden 325 -1% -1% 928 -1% -1%
Norway 316 5% 18% 904 9% 22%
Finland 86 0% 2% 228 -6% -4%
Outside the Nordics* 6 -55% -53% 14 -57% -55%
Total 733 1% 6% 2,074 1% 7%
Of which online 54 47% 53% 184 63% 70%

* Affected by store closures in the UK and Germany.

Total sales for the period May-July 2020 increased by 1 per cent to 2,074 MSEK (2,044). Organic growth was 7 per cent. Online sales for the period increased by 63 per cent to 184 MSEK (113). Sales in comparable units and local currency increased by 8 per cent.

Lotta Lyrå, President and CEO:

“We can conclude that the positive sales trend we saw in June has continued in July. In total, we achieve an organic sales increase of 6 per cent and an increase in online sales of 47 per cent. I see this as proof that we have hit the spot in our commercial offer in relation to customers' needs during the summer. At the same time, although the situation gradually improves, we see continued negative effects of the corona pandemic in the form of subdued customer traffic to, above all, our centrally located stores in the larger cities in Sweden. Norway is again showing strong growth figures with an organic sales increase of 18 per cent in July.”

For further information, please contact: 
Niklas Carlsson, Group Head of Communications, +46 247 444 29,

This is information that Clas Ohlson AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. This information was submitted for publication, through the agency of the contact person set out above, at 7:00 a.m. CET on 14 August 2020.

The interim report for May-July 2020/21 will be published at 7:00 a.m. CET on Wednesday, 9 September 2020.

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