Clas Ohlson falls as June organic sales growth lags forecast

Clas Ohlson AB

05/07/2024 09:19

** Shares in Clas Ohlson  CLASb.ST  fall 5.5% after the
Swedish retailer reported lower than expected June organic sales
growth of 6% year-on-year
    ** Handelsbanken analyst Nicklas Skogman says Infront
consensus expected organic growth of 8.7%
    ** He adds the stock has been strong in the last couple of
days
    ** CEO Kristofer Tonström cites challenges in the external
environment, related to currency effects among others
    ** The stock is on track for its worst day since early March
if losses persist

 (Reporting by Marta Frackowiak)
 ((marta.frackowiak@thomsonreuters.com))