Brief: Clas Ohlson May Sales Up 6%, Q4 Online Sales Unchanged

Clas Ohlson AB

08/06/2023 07:10

June 8 (Reuters) - Clas Ohlson AB  CLASb.ST :
    * SALES IN MAY INCREASED BY 6% TO 670 MSEK (630), AN ORGANIC
INCREASE OF 8% AND AN INCREASE OF 11% IN COMPARABLE UNITS
    * ONLINE SALES IN MAY INCREASED BY 18% TO 96 MSEK (81)
    * CLAS OHLSON IS TAKING ACTION THAT IS EXPECTED TO DELIVER
COST
SAVINGS AND REDUCED DEPRECIATION TOTALLING APPROXIMATELY 100
MSEK ON AN ANNUAL BASIS
    * THESE MEASURES ENTAIL NON-RECURRING COSTS OF APPROXIMATELY
180
MSEK OF WHICH APPROXIMATELY 165 MSEK IS EXPECTED TO BE
RECOGNISED IN Q1 2023/24
    * Q4 ONLINE SALES WERE UNCHANGED AT 220 MSEK (221)
    * UNDERLYING PERFORMANCE IN BOTH OUR LARGEST MARKETS -
SWEDEN AND
NORWAY - HAS BEEN FAVOURABLE

Source text for Eikon:  ID:nWkr4KRfNK 
Further company coverage:  CLASb.ST 

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