- Clas Ohlson’s operating profit for the third quarter reached SEK553 million, marking a 31% increase compared to last year.
- Analysts had estimated the operating profit to be SEK510.3 million, making the actual figure a positive surprise.
- Sales for the quarter totaled SEK3.86 billion, showing a 13% year-on-year growth.
- Organic revenue also increased by 13%, aligning with the overall sales growth.
- Online sales saw a significant rise, up by 22% from the previous year.
- Net income reached SEK426 million, representing a 33% increase year-on-year.
- The company reported continued positive development, with organic sales increasing by 5% in February.
- Plans to open three new stores in the fourth quarter are underway, contributing to a net increase of 11 new stores for fiscal year 2024/25.
- Investment analysts have given Clas Ohlson two ‘buy’ ratings, one ‘hold’, and one ‘sell’ recommendation.
A look at Clas Ohlson AB Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts examining the Smartkarma Smart Scores for Clas Ohlson AB have indicated a positive long-term outlook for the company. With a strong momentum score of 5, Clas Ohlson AB demonstrates robust performance trends that bode well for its future growth potential. This momentum is further complemented by a solid growth score of 4, suggesting favorable prospects for expansion within its retail trading operations. On the dividend front, the company scores a respectable 3, indicating a moderate but stable payout to investors.
Despite these positive indicators, Clas Ohlson AB does face challenges in terms of value and resilience, with scores of 2 in both categories. This suggests that the company may need to focus on enhancing its value proposition and building greater resilience to external market factors. Overall, the company’s diverse inventory and retail presence in Sweden and Norway position it well for continued growth and market relevance in the retail sector.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
