Clas Ohlson rises on strong Q1 results
03/09/2026 08:45
BUZZ-Clas Ohlson rises on strong Q1 results Sept 3 (Reuters) - ** Clas Ohlson's CLASb.ST shares rise 5% after the Swedish retail company posted Q1 results above expectations
** The company delivered an operating profit of 393 million Swedish crowns ($41 million), an increase from SEK 278 million the year before and 6% above consensus
** "All in all, this is our best first quarter to date", CEO Kristofer Tonstrom said
** The company cited a positive impact from currency effects to sales and improved gross margin
** Analysts from Aktiellt say in a morning note they expect the stock to overperform, pointing also to strong cash flow
($1 = 9.5889 Swedish crowns)
(Reporting by Jakub Lubiński)
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