Clas Ohlson suffers from Norwegian currency

      Comments Off on Clas Ohlson suffers from Norwegian currency

Clas Ohlson increased its sales in local currencies in January by 3 percent, all Nordic markets shows a positive development but Norwegian currency results in a total decrease of sales.

Sales in January amounted to 558 MSEK (563). In local currencies, sales increased by
3 percent. The calendar effect in January is estimated to a negative of just more than
2 percentage points.

Compared with the same month previous year, the net store portfolio was expanded by
9 stores. At the end of the period, the total number of stores was 205.
Total sales during the first nine months of the fiscal year (May 2015 to January 2016) increased by 5 per cent to 6,098 MSEK (5,831). In local currencies, sales increased by
7 per cent.

Countries, MSEK

January
2015/16

January
2014/15

Percentage
change

Percentage change,
local currency

Sweden

259

249

+4

+4

Norway

209

225

-7

+1

Finland

63

61

+4

+6

Outside Nordic countries

27

29

-7

-7

558

563

-1

+3