Clas Ohlson up after in-line results

Clas Ohlson AB

04/09/2024 09:05

** Shares in Clas Ohlson  CLASb.ST  rise around 1% after the
Swedish retailer reported in-line Q1 results
    ** Kepler Cheuvreux analysts say that Q1 operating profit at
SEK 203 mln was in-line with consensus, pointing also to
better-than-expected August sales
    ** Clas Ohlson said organic sales rose 7% in August and the
month was "strong" in all markets
    ** Stock, which lost some 9% this week, was up 0.9% YTD up
to the previous session's close


($1 = 10.3094 Swedish crowns)

 (Reporting by Agnieszka Oleńska)
 ((Agnieszka.Olenska@thomsonreuters.com;))