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Clas Ohlson Reports 4% Rise in January Sales

Clas Ohlson store 4 725 x 500.jpg

Sales in January increased by 4 per cent compared with January last year, corresponding to an organic growth of 2 per cent. For this fiscal year’s first nine months organic sales growth is in line with the growth target of 5 per cent. Clas Ohlson’s online sales growth amounted to 29 per cent in January and 51 per cent for the nine month period.

January sales increased by 4 per cent to 621 MSEK (596). Organic sales increased by 2 per cent compared with the preceding year. Sales in January in comparable units and local currency is unchanged. Sales online in January increased by 29 per cent to 29 MSEK (22). Compared with January last year, the store portfolio was expanded net by 14 stores. At the end of the month, the total number of stores was 238.

Countries, MSEKJanuary
2018/19
January
2017/18
Percentage changeOrganic growth
Sweden26826322
Norway25523784
Finland76760-4
Outside Nordic Countries**2219139
 621*59642

* Of which 29 MSEK (22) comprises online sales.
** Effected by store optimization in the UK, the store in Croydon closed 16 August 2018.

Total sales for the first nine months of fiscal year 2018/19 (May 2018 to January 2019) increased by 8 per cent to 7,030 MSEK (6,528). Organic sales increased by 5 per cent. Sales in comparable units and local currency increased by 2 per cent. Online sales for the period increased by 51 per cent to 337 MSEK (223).

Total sales for the third quarter 2018/19 (November 2018 to January 2019) increased by 6 per cent to 2 915 MSEK (2 746). Organic sales increased by 4 per cent. Sales in comparable units and local currency increased by 2 per cent. Online sales for the period increased by 51 per cent to 148 MSEK (98).

Source : Insight DIY Team and Clas Ohlson

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20 February 2019

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