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Clas Ohlson AB (CLASb.ST)

CLASb.ST on Stockholm Stock Exchange

70.70SEK
21 Jun 2018
Change (% chg)

-1.20kr (-1.67%)
Prev Close
71.90kr
Open
71.70kr
Day's High
71.70kr
Day's Low
68.70kr
Volume
843,029
Avg. Vol
630,584
52-wk High
172.50kr
52-wk Low
65.30kr

Latest Key Developments (Source: Significant Developments)

Clas Ohlson posts Q4 operating loss, sales up 7 pct in May
Friday, 8 Jun 2018 

June 8 (Reuters) - Clas Ohlson AB ::Q4 SALES INCREASED BY 7% TO 1,683 MSEK (1,575), UP 6% IN LOCAL CURRENCIES.Q4 OPERATING PROFIT AMOUNTED TO -106 MSEK (17), IMPACTED BY NON-RECURRING COST AND ALLOCATION OF COST RELATED TO STRATEGY IMPLEMENTATION OF 45 MSEK IN TOTAL.Q4 EARNINGS AFTER TAX AMOUNTED TO -86 MSEK (20).SAYS SALES IN MAY INCREASED BY 7% TO 604 MSEK (566), UP 4% IN LOCAL CURRENCIES.SAYS PROPOSED DIVIDEND IS 6.25 SEK PER SHARE (6.25).Q4 ONLINE SALES INCREASED 48 PER CENT, THOUGH FROM LOW LEVELS..SAYS ONLINE SALES INCREASED BY 24 PER CENT IN MAY.  Full Article

Clas Ohlson to buy 10 pct of MatHem
Friday, 8 Dec 2017 

Dec 8 (Reuters) - Clas Ohlson ::CLAS OHLSON CLOSER TO THE CUSTOMER THROUGH STRATEGIC COLLABORATION WITH MATHEM.SE.SAYS ‍AT SAME TIME, CLAS OHLSON ACQUIRES NEWLY ISSUED SHARES CORRESPONDING TO 10 PER CENT OF MATHEM I SVERIGE AB​.SAYS ‍CLAS OHLSON WILL OWN 10 PER CENT OF MATHEM I SVERIGE AB, MAKING CLAS OHLSON MATHEM'S FOURTH LARGEST OWNER​.SAYS ‍INVESTMENT AMOUNTS TO 221 MSEK AND WILL BE REPORTED IN CLAS OHLSON'S Q3 OF 2017/18.MATHEM.SE IS A LEADING E-COMMERCE OPERATOR AND SWEDEN'S LARGEST ONLINE GROCERY STORE WITH DELIVERIES IN SEVERAL LARGER CITIES.MATHEM'S SALES AMOUNTED TO 963 MSEK IN 2016 ​.  Full Article

Clas Ohlson Q2 operating profit lags forecast​
Wednesday, 6 Dec 2017 

Dec 6 (Reuters) - Clas Ohlson AB ::SAYS ‍SALES IN NOVEMBER AMOUNTED TO 889 MSEK (908)​.Q2 ‍SALES INCREASED BY 2% TO 1,999 MSEK​.Q2 ‍OPERATING PROFIT AMOUNTED TO 125 MSEK.REUTERS POLL: CLAS OHLSON Q2 OPERATING PROFIT WAS SEEN AT SEK 134 MILLION, NOV LOCAL CURRENCY SALES SEEN UP 1.2 PERCENT​.SAYS ‍SLOW SALES TREND CONTINUED INTO NOVEMBER AND WE ARE NOW REPORTING MONTHLY SALES OF 889 MSEK, IN LINE WITH STRONG NOVEMBER OF LAST YEAR.SAYS IN LOCAL CURRENCIES, NOVEMBER SALES ARE UNCHANGED COMPARED WITH THE PRECEDING YEAR​.SAYS ‍WORK ON STRATEGY WILL RESULT IN A NEW STRATEGIC PLAN FOR COMPANY'S CONTINUED DEVELOPMENT AND GROWTH​.SAYS ‍WE ARE EVALUATING ALTERNATIVES FOR CAPITALISING ON OUR STRONG BRAND IN NORDIC MARKETS - WHERE WE CONTINUE TO SEE GREAT POTENTIAL - AND A NUMBER OF DIFFERENT BUSINESS MODELS FOR SUPPLEMENTING OUR CURRENT BUSINESS​.SAYS ‍WILL PRESENT AND LAUNCH PLAN IN FULL DURING SPRING​.SAYS ‍REGARDING STORE EXPANSION IN NORDIC MARKETS, WE HAVE DECIDED TO FOCUS ON TESTING NEW STORE FORMATS INSTEAD OF CONTINUING TO OPEN CURRENT FORM OF STORES. WE WILL ALSO REVIEW AND OPTIMISE OUR STORE LOCATIONS​.SAYS ‍ABILITY TO DELIVER OUR OFFERING DIGITALLY IS ALSO KEY AND A PRIORITISED PART OF STRATEGIC REVIEW AND, ACCORDINGLY, WE STARTED EFFORTS TO DEVELOP THIS AREA AS AN INTEGRATED PART OF STRATEGIC PLAN​.  Full Article

Clas Ohlson Sept sales up 5 pct, above forecast
Friday, 13 Oct 2017 

Oct 13 (Reuters) - Clas Ohlson Ab ::Says ‍sales increase by 5 per cent in september to 640 MSEK (610).Says in local currencies, sales increase by 6 per cent versus previous year.Sales development in comparable units and in local currency is 4 per cent .Reuters poll: Clas Ohlson Sept sales were seen up 2.1 pct to 623 mln SEK .  Full Article

Clas Ohlson January sales lags forecast
Wednesday, 15 Feb 2017 

Clas Ohlson Ab : Clas Ohlson increase sales in January 2017 . Says sales in January increased to 578 msek (558), an increase of 4 percent compared to previous year . Says in local currencies, sales is unchanged versus previous year. .Reuters poll: Clas Ohlson January sales were seen up 7 percent.  Full Article

Clas Ohlson September sales just below forecast
Friday, 14 Oct 2016 

Clas Ohlson Ab : Clas Ohlson increase sales in september 2016 . Says sales increased by 4 percent in september to 610 mln SEK (584) . Says in local currencies, sales increased by 4 percent .Reuters poll: Clas Ohlson Sept sales were seen up 4.6 percent.  Full Article

Clas Ohlson July sales lag forecast
Monday, 15 Aug 2016 

Clas Ohlson Ab : Clas Ohlson sales development in July 2016 . Says sales decreased by 1 per cent in July to 635 msek (641) . Says in local currencies, sales increased by 1 per cent .Mean forecast was for July local-currency sales +4 pct yr/yr in July.  Full Article

Clas Ohlson June sales rise 3 pct
Friday, 15 Jul 2016 

Clas Ohlson Ab : Clas Ohlson increase sales in June 2016 .Says sales increased by 3 percent in June to 589 mln SEK (575). In local currencies, sales increased by 5 percent.  Full Article

UPDATE 1-Sweden's Clas Ohlson sees growth in online, new DIY service

STOCKHOLM, May 3 Clas Ohlson will look to e-commerce, its Nordic home markets and a new home jobs service to power sales growth, the Swedish budget retailer said on Thursday.