Clas Ohlson increase sales in September 2016

INSJÖN, Sweden--()--Regulatory News:

Sales increased by 4 per cent in September to 610 MSEK (584). In local currencies, sales increased by 4 per cent.

Compared with the same month previous year, the net store portfolio was expanded by 7 stores. At the end of the period, the total number of stores was 207.

Sales were distributed as follows:

Countries, MSEK Sept
2016/17
Sept
2015/16
Percentage change Percentage change,
local currency
Sweden 274 268 +2 +2
Norway 237 224 +6 +3
Finland 70 62 +14 +12
Outside Nordic countries* 28 31 -8 +2
610 584 +4 +4

*Effected by store optimization in the UK.

Total sales during the first five months of the fiscal year (May to September 2016) increased by 2 per cent to 3,039 MSEK (2,965). In local currencies, sales increased by 4 per cent.

The second quarter interim report 2016/17 will be published at 07:00 CET on Wednesday 7 December 2016. The report will be presented on the same day at 08:30 CET in a telephone and web conference.

This is information that Clas Ohlson AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 7:00 am CET on 14 October 2016.

Clas Ohlson was founded in 1918 as a mail order business based in Insjön, Sweden. Today, the company offers products and services for the small everyday practical problems, in six countries via its over 200 stores and online. Clas Ohlson offers a wide range of affordable products in five product areas: Hardware, Electrical, Home, Multimedia and Leisure. The company is listed on Nasdaq Stockholm, has sales of over 7.5 billion SEK and more than 4,700 employees. Visit Clas Ohlson at www.clasohlson.com

This information was brought to you by Cision http://news.cision.com

Contacts

Clas Ohlson
Sara Kraft Westrell, +46 247 649 13
Director of Information and Investor Relations

Contacts

Clas Ohlson
Sara Kraft Westrell, +46 247 649 13
Director of Information and Investor Relations