Clas Ohlson jumps on better-than-expected Q1

Clas Ohlson AB

10/09/2025 09:23

Corrects milestones in last bullet point

** Shares in Clas Ohlson CLASb.ST rise about 11%, boosted by the Swedish retailer's better-than-expected Q1

** The company reports Q1 gross margin of 45.7%, above Pareto Securities analysts' expectations, while Kepler Cheuvreux points to EBIT of SEK 278 mln ($28 mln) which is 11% above consensus

** "With August sales for the first time exceeding 1 billion SEK, we have been able to maintain a strong sales momentum" the company says

** Including Wednesday's rise, Clas Ohlson stock has gained about 73% YTD

** The shares touch their highest price ever, while heading for their biggest single-day jump in 3 months, if gains hold

($1 = 9.3617 Swedish crowns)

 (Reporting by Agnieszka Olenska)

 ((Agnieszka.Olenska@thomsonreuters.com;))