Sweden's Clas Ohlson Q3 sales rise 6% on seasonal product demand

Clas Ohlson AB

11/03/2026 06:10

Overview

Sweden home improvement retailer's Q3 sales rose 6% yr/yr, driven by organic growth

Q3 operating profit increased to 659 mln SEK, with EPS up to 8.09 SEK

Company attributes results to strong demand for seasonal products and expanded store network

Outlook

Clas Ohlson plans to open eight net new stores in 2025/26, below prior ambition

Company aims to maintain store opening pace in 2026/27 as in past three years

Clas Ohlson expects continued profitable growth in major product niches despite macro uncertainty

Result Drivers

SEASONAL PRODUCT DEMAND - Sales of Christmas and weather-related products, such as string lights, Christmas trees, heat sources, and snow removal items, boosted Q3 results

ORGANIC GROWTH IN NORDICS - Organic sales rose 8% in Q3, with strong growth in Norway, Sweden, and Finland, supported by local market initiatives and store network expansion

ONLINE SALES EXPANSION - Online sales grew 17% in Q3, driven by B2C growth and contributions from recent acquisitions

Company press release: ID:nWkr3BlJN1

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
SEK 4.08 bln
Q3 EPS
SEK 8.09
Q3 Net Income
SEK 514 mln
Q3 EBIT
SEK 659 mln
Q3 EBIT Margin
16.20%


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and 1 "sell" or "strong sell"

Wall Street's median 12-month price target for Clas Ohlson AB is SEK360.00, about 0.3% above its March 10 closing price of SEK358.80

The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 20 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)