Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  NASDAQ OMX STOCKHOLM  >  Clas Ohlson AB (publ)    CLAS B   SE0000584948

CLAS OHLSON AB (PUBL)

(CLAS B)
  Report
Real-time Estimate Quote. Real-time Estimate Cboe Europe - 01/20 05:14:02 am
78.375 SEK   +0.87%
01/18CLAS OHLSON : Regulatory
PU
01/18CLAS OHLSON : Nomination Committee appointed
AQ
01/15CLAS OHLSON : Regulatory
PU
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Clas Ohlson : Swedish retailer Clas Ohlson's sales rise 2% in November

12/02/2020 | 02:24am EST

STOCKHOLM (Reuters) - Swedish DIY and homewares firm Clas Ohlson said on Wednesday organic sales grew 2% in November, helped by a 64% jump in online sales while many stores were hit by restrictions to slow the second wave of the COVID-19 pandemic.

The firm, which sells a products ranging from tools to electronics, does the bulk of its business in Sweden and Norway where stores have stayed open in the pandemic although government restrictions and recommendations have reduced footfall across the retail sector.

But Clas Ohlson has also benefitted from house-bound consumers spending more on their homes.

"Online sales in November have been very strong while we have seen continued fluctuations in customer traffic in our stores where many stores have been negatively affected by current restrictions," it said in a statement.

"The supply chain performed well ahead of our most important sales months of November and December," it said.

The budget retailer has been cutting costs and adapting its offerings and operations to the pandemic, after it closed its loss-making stores in Britain and Germany last year.

It reported a 14% increase in pretax profit for its fiscal second quarter to the end of October from a year earlier, to 132 million crowns on sales of 2.04 billion.

"We have countered major fluctuations in consumer patterns with relevant products and flexible customer interaction," Chief Executive Lotta Lyra said.

(Reporting by Anna Ringstrom; Editing by Johannes Hellstrom and Edmund Blair)


© Reuters 2020
All news about CLAS OHLSON AB (PUBL)
01/18CLAS OHLSON : Regulatory
PU
01/18CLAS OHLSON : Nomination Committee appointed
AQ
01/15CLAS OHLSON : Regulatory
PU
01/15CLAS OHLSON : Lower sales in December for Clas Ohlson
AQ
2020CLAS OHLSON : Swedish retailer Clas Ohlson's sales rise 2% in November
RE
2020CLAS OHLSON : Regulatory
PU
2020CLAS OHLSON : six-month report 2020/21
AQ
2020CLAS OHLSON : Invitation to Clas Ohlson's Q2 presentation on 2 December
AQ
2020CLAS OHLSON : Organic growth for Clas Ohlson in October
AQ
20202020-11-05 11 : 27 CET New stores
PU
More news
Financials
Sales 2021 8 561 M 1 028 M 1 028 M
Net income 2021 479 M 57,5 M 57,5 M
Net Debt 2021 1 403 M 169 M 169 M
P/E ratio 2021 10,3x
Yield 2021 8,04%
Capitalization 4 922 M 589 M 591 M
EV / Sales 2021 0,74x
EV / Sales 2022 0,70x
Nbr of Employees 4 520
Free-Float 44,6%
Chart CLAS OHLSON AB (PUBL)
Duration : Period :
Clas Ohlson AB (publ) Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends CLAS OHLSON AB (PUBL)
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 2
Average target price 90,00 SEK
Last Close Price 77,70 SEK
Spread / Highest target 15,8%
Spread / Average Target 15,8%
Spread / Lowest Target 15,8%
EPS Revisions
Managers and Directors
NameTitle
Pär Anders Christiansen President & Chief Financial Officer
Per-Erik Kenneth Bengtsson Chairman
Richard Göran Ingvar Sundström Independent Director
Mathias Haid Independent Director
Lars Zwetsloot Director
Sector and Competitors
1st jan.Capitalization (M$)
CLAS OHLSON AB (PUBL)-0.89%589
THE HOME DEPOT, INC.2.85%294 117
LOWE'S COMPANIES, INC.6.39%125 120
KINGFISHER PLC-2.96%7 513
HOME PRODUCT CENTER1.46%6 091
SIAM GLOBAL HOUSE PUBLIC COMPANY LIMITED9.41%2 728