Fourth quarter 2013/2014
Sales increased by 9 % to 1,386 MSEK (1,274). In local currencies, the increase
was 10 %
Operating loss amounted to 18 MSEK (loss: 19)
Loss after tax amounted to 12 MSEK (loss: 17)
Loss per share was 0.19 SEK (loss: 0.27)
Financial year 2013/14
Sales increased by 4% to 6,808 MSEK (6,519). In local currencies, the increase
Operating profit increased by 23 % to 531 MSEK (431)
Profit after tax increased by 22 % to 405 MSEK (332)
Earnings per share increased by 23% to 6.42 SEK (5.23)
Cash flow from operating activities amounted to 689 MSEK (518)
The proposed dividend is 4.75 SEK per share (4.25)
Events after the end of the reporting period
Sales in May increased by 12 % to 512 MSEK (455). In local currencies, the
increase was 13 %
Decision by the Board of Directors to utilise the Annual General Meeting’s
authorisation to buy back shares to secure LTI 2014
“It is gratifying to be able to report a sales increase of 10 per cent in our
fourth quarter. We have strengthened growth in all markets and sales channels,
primarily as a result of a positive reception from our customers for our broad
and attractively-priced spring range.
We continue to invest for the future. In the quarter, we increased our marketing
efforts to further strengthen our brand and sales. We have also opened our first
franchise store in Dubai and invested in a new franchise model, which will open
future growth opportunities in new regions.
Despite these increased investments, our results improved. Improvements were
noted both in the fourth quarter, which is our smallest quarter, but mostly for
the full-year, when operating profit increased by 23 per cent.
With 13 per cent sales growth in May, we have got off to a good start to the new
financial year. It is particularly gratifying to see that our segment continues
to develop positively outside the Nordic region,” says Klas Balkow, President
and CEO of Clas Ohlson AB.
Press and analyst conference
A press and analyst conference will be held on Wednesday, 11 June at 10:00 a.m.
at Operaterassen in Stockholm and can also be followed on the Clas Ohlson
website 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,
Dalarna, Sweden. Today, the company is trading in five countries offering
outstanding service via its over 180 stores, web shop, catalogue and telephone
sales channels. Clas Ohlson helps its customers solve every day practical
problems with a wide range of affordable products in five product areas:
Hardware, Electrical, Home, Multimedia and Leisure. The company is listed on the
NASDAQ OMX Nordic Exchange, has sales of approximately 6.7 billion SEK and over
4,300 employees. For more information on Clas Ohlson, please visit
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