Brief: Clas Ohlson Operating Profit Up At SEK 378 Mln

Clas Ohlson AB

09/03/2022 06:13

March 9 (Reuters) - Clas Ohlson AB  CLASb.ST :
    * CLAS OHLSON NINE-MONTH REPORT 2021/22
    * Q3 SALES INCREASED BY 7% TO 2,831 MSEK (2,635)
    * Q3 ONLINE SALES INCREASED BY 14% TO 329 MSEK (288)
    * SALES IN FEBRUARY INCREASED BY 8 PER CENT TO 534 MSEK
(494), AN
ORGANIC INCREASE OF 4 PER CENT AND AN INCREASE OF 4 PER CENT IN
COMPARABLE UNITS
    * Q3 OPERATING PROFIT AMOUNTED TO 378 MSEK (358).
    * ONLINE SALES IN FEBRUARY DECREASED BY 9 PER CENT TO 63
MSEK (69)
    * LAST YEAR'S ONLINE SALES WERE AFFECTED BY FACT THAT LARGE
PARTS
OF NORWEGIAN STORE NETWORK WERE CLOSED DUE TO RESTRICTIONS
    * Q3 PROFIT AFTER TAX TOTALLED 287 MSEK (265)
    * CLAS OHLSON HAS NO OPERATIONS IN UKRAINE OR RUSSIA
    * IN FEBRUARY THE TOTAL NUMBER OF STORES AT THE END OF THE
PERIOD
WAS 229 (227)
    * OUTLOOK: WE SEE A CONTINUED POSITIVE TREND IN OUR OVERALL
PRODUCT AVAILABILITY
    * OUTLOOK:  ALTHOUGH THERE ARE SHORTAGES IN CERTAIN PRODUCT
CATEGORIES, JUST AS THERE WERE EARLIER IN PANDEMIC AND WHERE WAR
IN UKRAINE COULD LEAD TO FURTHER UNCERTAINTY IN SUPPLY CHAINS

Source text for Eikon:  ID:nWkr6c8YSN 
Further company coverage:  CLASb.ST 

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