[ad_1]
Device chain Clas Ohlson announced earlier this week that they are investing heavily in e-commerce and opening an office in Malmö. The company still has the vast majority of sales in stores, but has seen a big increase in e-commerce.
The company now reports an increase in sales during the first quarter compared to the same period last year. Operating profit was in line with market expectations. Compared to the previous year, the benefits increased.
Sales, as previously announced, increased by 1.5 percent to 2,074 million SEK (2,044).
At the same time, the company announces that Kristoffer Tonström, current CEO of fashion company FIlippa K, will take over as CEO after Lotta Lyrå, who is leaving.
“Clas Ohlson has built a stable platform for profitable growth and I am very pleased that we have joined forces with Kristofer Tonström, who together with the rest of our strong team can continue to realize our long-term plan for the company,” says Kenneth Bengtsson. , Chairman of the Board of Clas Ohlson in a press release.
“At Kristofer, we have a CEO with focused leadership who comes with a lot of energy and high ambitions to develop Clas Ohlson even further.”
Specific report numbers
The operating profit was SEK 166 million (79), the expected operating profit according to Bloomberg was 163. The operating margin was 8.0 percent (3.9).
The underlying operating profit was SEK 147 million (91).
The profit before tax was SEK 150 million (63).
The profit after tax was SEK 117 million (49).
Earnings per share amounted to SEK 1.84 (0.77).
Cash flow from operating activities was SEK 580 million (309.8).
Sales in August fell 7 percent to 689 million SEK (740), with an organic decrease of 2 percent and a decrease of 1 percent in comparable units.
Lotta Lyrå will remain for her notification period until December 4 this year, after which Pär Christiansen, Chief Financial Officer, will take over as Acting Chief Executive Officer until Kristofer Tonström takes office on March 9 this year.
[ad_2]
