- Clas Ohlson reported an increase in sales by 8% in June, reaching SEK 921 million.
- Organic sales grew by 10% compared to the previous year.
- The store network expanded by a net of 8 stores, totaling 241 stores by the end of the period.
- The Nordic home markets performed well, with Norway experiencing a strong organic sales increase of 16%.
- Challenges related to the USD negatively impacted Spares’ B2B business, affecting performance in other markets.
- Analysts’ recommendations include 1 buy, 1 hold, and 2 sell ratings.
A look at Clas Ohlson AB Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.0 |
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
Clas Ohlson AB, a retail trading company known for its diverse inventory including tools, locks, cables, and kitchen gadgets, amongst others, has a mixed long-term outlook according to Smartkarma Smart Scores. With a strong focus on growth and momentum, the company scores a 4 in both categories, indicating a positive trajectory. Additionally, its resilience score of 3 hints at the company’s ability to weather market challenges. However, Clas Ohlson falls short in terms of value and dividend, scoring a 2 in each category, suggesting room for improvement in these areas.
Overall, Clas Ohlson AB‘s outlook appears promising based on its growth potential and momentum, but investors may seek further value and dividend returns. As a retail company with a presence in Sweden and Norway, Clas Ohlson’s performance in the coming years will be crucial in determining its success and appeal to potential investors.
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.
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