Clas Ohlson six-month report 2015/16 Second quarter

New Post Public Reply Private Reply Replies (0) Message Board

News Desk 2018

Dec 9, 2015 at 1:15 AM

Clas Ohlson six-month report 2015/16

Second quarter · Sales increased by 2% to 1,846 MSEK (1,814), 5% in local currencies · Operating profit declined by 5% to 145 MSEK (151) · Profit after tax fell by 4% to 111 MSEK (116) · Earnings per share declined by 4% to 1.76 SEK (1.84) · The company’s 200th store was opened in Karlstad, Sweden, in August · The first new small-format store was opened in St Albans in the UK · The store portfolio was expanded by three new stores (net) Six months · Sales increased by 5% to 3,616 MSEK (3,457), 6% in local currencies · Operating profit declined by 1% to 250 MSEK (253) · Profit after tax fell by 1% to 192 MSEK (194) · Earnings per share declined by 1% to 3.03 SEK (3.07) · Cash flow from operating activities amounted to 322 MSEK (272) Events after the end of the reporting period · In November, sales increased by 8% to 809 MSEK (746), 11% in local currencies CEO’s comments “A stable quarter and a good start to Christmas shopping During the second quarter, we noted a stable sales trend, and I am very pleased with the good start to the Christmas shopping season, with November sales figures breaking new records. As expected, we were also impacted by significant challenges created by currencies during the quarter, although we successfully limited the negative effect on earnings by taking compensating measures. Sales in the second quarter increased by 5 per cent in local currencies. We reported a slightly weaker performance in August, but a strong trend in the following two months, which combined to result in yet another sales record for Clas Ohlson. During the second quarter, we have been focusing on reducing the effect of the significantly stronger USD and the weak NOK, for example by a positive sales mix and enhanced cost efficiency. Despite continued currency challenges, we are now closing the quarter with earnings almost on a par with the preceding year’s level. Favourable sales trend in November Today, we are also reporting on the first month of the third quarter and a highly favourable start to Christmas shopping. Sales in November increased by 8 per cent to 809 MSEK, with a particularly favourable performance in Finland where sales increased by 19 per cent in local currency. New store format and further expansion During the quarter, we opened a number of new stores, with the inauguration of our 200th store being a particularly memorable milestone. We also opened the first stores of our new small-format concept in St Albans and in Ealing, London, as the next stage of the optimisation of the UK store network. In the autumn, we were honoured to be recognised for our product range, our prices and our personnel. It is wonderful to see that our customers appreciate what we do and we are soon to have the pleasure to welcome our two millionth member to Club Clas.” The financial year 2015/16 comprises the period from 1 May 2015 to 30 April 2016. Press and analyst conference A press and analyst conference will be held on Tuesday, 9 December at 08:30 a.m. at Clas Ohlson’s store at Drottninggatan 53 in Stockholm and can also be followed on about.clasohlson.com or www.financialhearings.com For more information please contact: Sara Kraft Westrell, Director of Information and IR, phone +46 (0)247-649 13 Clas Ohlson was founded in 1918 as a mail order business based in Insjön, Sweden. Today, the company offers products and services for the small everyday practical problems, in five countries via its over 200 stores and web shops. Clas Ohlson offers a wide range of affordable products in five product areas: Hardware, Electrical, Home, Multimedia and Leisure. The company is listed on the Nasdaq Stockholm, has sales of 7.5 billion SEK and over 4,700 employees. Visit Clas Ohlson at www.clasohlson.com.

Newer

Older

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Cut Winter Heating Costs with Townsend's Rebate Help

Unseen Perils of Winter Heating in Massachusetts Massachusetts homeowners, listen up. If your heating system is older than the Model T, it's time to rethink your winter strategy. You don't want to be stuck in the cold when the thermometer hits single digits, do you? That's where Townsend comes in, making waves with their rebate assistance program. Navigating the Rebate...

Endurance Energy's Modular Tech Revs Up Southeast Asia

Modular Solutions Steal the Show in Bangkok When a company draws 59,468 attendees from over 150 countries, folks pay attention—and that was exactly the scene at Gastech 2026 in Bangkok. The name buzzing on many lips? Endurance Energy. These guys showcased a fresh take on energy logistics with their skid-mounted liquefaction tech, turning heads with their Southeast Asia...

Geron Corp Faces Fiduciary Duty Investigation

Spotlight on Geron's Corporate Governance: What's Happening? The heat's been turned up on Geron Corporation this week, with Halper Sadeh LLC, an investor rights law outfit, digging into whether some folks at the helm have strayed from their fiduciary duties to the shareholders. Now, if you're holding onto NASDAQ:GERN stock or thinking about diving in, it's high time to...

AST SpaceMobile Faces Class Action Over Misstatements

What's Going On with AST SpaceMobile? Kicking off with a heavy hitter here, folks. AST SpaceMobile, Inc., trading under NASDAQ:ASTS, is under a securities fraud spotlight. We're talking allegations piled higher than a morning stack of pancakes. If you picked up any ASTS shares between March 4, 2025, and July 15, 2026, you're in on this rough ride. There's a class action...

Krispy Kreme Faces Legal Probe: Fiduciary Breach?

Diving Deep into the Krispy Kreme Allegations Look, this isn't your run-of-the-mill donut drama. When you hear rumblings of corporate missteps, especially ones that involve potential breaches of fiduciary duties, it's time to perk up those ears. Over at Krispy Kreme, Inc. (NASDAQ:DNUT), there's some heat in the kitchen, and it's not just from frying those glazed beauties....

CVS Health Under Fire: Fiduciary Duty Breach?

CVS Under Regulatory Spotlight for Fiduciary Breaches You'd think by now companies would have their fiduciary ducks in a row. But here we are, with CVS Health Corporation (NYSE: CVS) catching heat from the legal eagles over at Halper Sadeh LLC. The knife’s out for some of the big wigs – apparently, there's chatter they might’ve slipped on their duty to play nice...

Timur Turlov Leads FIDE with Chess and Digital Focus

An Unpredicted Victory in Samarkand Well, color me surprised. Timur Turlov's made waves by clinching the role of FIDE President at the General Assembly in Samarkand. This one's quite the turn for the chess world—Kazakhstan’s own stepping up to run the whole show. This isn't just some ceremonial post either. Turlov, who's been pulling strings over at the Kazakhstan...

HONA Faces Legal Heat: Investor Lawsuit Over Losses

The Investor Storm Brewing Over Honeywell Aerospace There it is again, another industry heavyweight caught in a dizzying whirlwind of litigation. Honeywell Aerospace Inc. (NASDAQ:HONA), a name as established as an old boot in the business, now faces a class action lawsuit that's got investors frantically dusting off phone numbers for their attorneys. The Messy Allegations...

Quay Sunglasses: Luxury Looks, Affordable Prices

Ah, sunglasses—the quintessential accessory that screams both practicality and style. A million-dollar look without the million-dollar expense? That's where Quay comes in. They've been recognized by Expert Consumers, no less, as some of the best-in-class for affordable luxury eye candy out there—aimed at shoppers who want the designer vibe without the hemorrhaging...

China Southern Airlines Marks 70th Anniversary in NYC

Taking Flight with Legacy and Tradition Throwing a bash on Times Square isn't just about flash; it's about letting folks know you mean business. And China Southern Airlines has been doing just that for 70 years. Imagine starting from Guangzhou and ending up splashed across New York City's giant LED screens—talk about a journey! From Humble Roots to Global Network...