Your World of Legal Intelligence
 United Kingdom | +44 (0) 20 7284 8080

Clas Ohlsons' profit up in Q3 2019/20; assesses Coronavirus impact.

Document Cited in Related
Vincent

NORDIC BUSINESS REPORT-March 12, 2020-Clas Ohlsons' profit up in Q3 2019/20; assesses Coronavirus impact

(C)2020 M2 COMMUNICATIONS http://www.m2.com

Retailing company Clas Ohlsons AB (STO:CLASB) on Wednesday reported profit after tax of SEK283m, or EPS of SEK4.47, for the third quarter of 2019/20, from 1 November 2019 to 31 January 2020.

This was an increase over profit after tax of SEK79m, or EPS of SEK1.24, in the third quarter of 2018/19.

Total sales for the quarter were SEK2,905m, flat as compared with SEK2,915m in Q3 of the prior year. Sales were flat organically too. Online sales for the quarter increased by 19% to SEK177m, as compared with SEK148m in Q3 2018/19.

Sales in the Nordics for the third quarter increased by 2% to SEK2,883m, as compared with SEK2,823m a year ago, with organic growth of 2%.

Also, the company announced contingency for the impact of Coronavirus and macro consequences, as it is exposed in different ways to some of the effects resulting from the virus. In addition to taking certain precautions in consideration for its employees, the company believes that the current situation will not have any material...

To continue reading

Request your trial
COPYRIGHT Normans Media Ltd.

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT