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Clas Ohlson sales development in March

Clas Ohlson sales rose 8% in March to SEK 433 M (399). In local currencies, sales increased 7%. Compared with the same month in 2011, 16 stores have been added and the total number of stores on March 31 2012 was 155. Mail order/Internet sales during the month was SEK 6 M (7).

Sales channels (SEK M):

Countries: Percentage change / Percentage change (local currency):

Sweden: 199 (193) +3% / +3%

Norway: 181 (160) +13% / +9%

Finland: 35 (30) +18% / +18%

UK: 8 (16) +8% / +4%

Total sales during the first eleven months (May 2011-March 2012) increased by 7% to SEK 5,848 M (5,446).

The full year report for 2011/12 will be published on 13th June 2012.

Clas Ohlson AB (STO:CLASB) is a Swedish chain store that sells, amongst other things, hardware, electrical, multimedia, and home and leisure products. It is the largest hardware chain in Scandinavia. The company was founded in 1918 by the technically-minded Clas Ohlson (1895–1979), as a mail order business based in the Swedish village of Insjön, Dalarna. Initially, only manuals and technical literature were sold. He opened his first shop in Insjön in 1926 and there are now stores throughout Sweden, as well as in Norway and Finland.

In 2008, the company opened its first store in the United Kingdom, in Croydon, south London. There are now stores at the Arndale Centre in Manchester, at The Harlequin in Watford, in Kingston upon Thames, Reading, Liverpool, Leeds, Birmingham, Cardiff, Doncaster and Norwich.

Source : Clas Ohlsen,c9245777

13 April 2012
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