Clas Ohlson Reports 2% Rise in April Sales

Sales in April increased by 2 per cent compared with April last year, corresponding to an organic growth of 1 per cent. April sales were negatively impacted by a calendar effect of approximately 2 percentage points. For the fiscal year 2018/19, organic sales growth increased by 4 per cent. Clas Ohlson’s online sales growth amounted to 27 per cent in April and 47 per cent for the fiscal year 2018/19.

April sales increased by 2 per cent to 592 MSEK (581). Organic sales increased by 1 per cent compared with the preceding year. Sales in April in comparable units and local currency is unchanged. Sales in April were negatively impacted by a calendar effect of approximately 2 percentage points due to less trading days than in the year-earlier period. Sales online in April increased by 27 per cent to 37 MSEK (29). Compared with April last year, the store portfolio was expanded net by 3 stores. At the end of the month, the total number of stores was 232.

* Of which 37 MSEK (29) comprises online sales.
** Effected by closure of stores in the UK and Germany.

Total sales for the fiscal year 2018/19 (May 2018 to April 2019) increased by 7 per cent to 8,772 MSEK (8,211). Organic sales increased by 4 per cent. Sales in comparable units and local currency increased by 1 per cent. Online sales for the fiscal year increased by 47 per cent to 432 MSEK (295).

Total sales for the fourth quarter 2018/19 (February to April 2019) increased by 4 per cent to 1,742 MSEK (1,683). Organic sales increased by 2 per cent. Sales in comparable units and local currency is unchanged. Online sales for the fourth quarter increased by 33 per cent to 96 MSEK (72).

The year-end report for the fiscal year 2018/19 will be published at 7:00 CET on Wednesday 5 June 2019. The report will be presented on the same day at 09:00 in Clas Ohlson’s store at Sveavägen 52 in Stockholm, Sweden.

Source : Insight DIY Team and Clas Ohlson

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