- Clas Ohlson’s operating profit for the first quarter was SEK 278 million, which is a 37% increase compared to the previous year.
- Total sales reached SEK 2.81 billion, marking a growth of 7.3% year-over-year.
- Organic revenue, a measure of sales growth excluding acquisitions and currency changes, increased by 10%.
- Online sales also experienced a 10% growth during the period.
- Net income stood at SEK 208 million, reflecting a 42% increase from the previous year.
- In August alone, net sales were SEK 1,017 million, a rise of 5%, with 7% attributed to organic growth.
- Analysts’ recommendations for Clas Ohlson 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 | 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 assessing Clas Ohlson AB‘s long-term outlook point to a mixed bag of scores, with strong momentum and growth potential but moderate value and dividend ratings. The company’s Growth score of 4, alongside a top-tier Momentum score of 5, suggests a promising trajectory for expansion and stock performance. However, its Value and Dividend scores of 2 each indicate a more cautious stance on its financial attractiveness and returns to shareholders. This balance of factors indicates a potential for growth and market momentum, albeit with some considerations to be mindful of.
Clas Ohlson AB, a retail trading company specializing in a diverse range of products from tools to kitchen gadgets, operates in Sweden and Norway. With a Resilience score of 3, the company demonstrates a moderate capability to weather market fluctuations and challenges. Overall, analysts see Clas Ohlson AB as a company with solid growth potential and market momentum, supported by a varied product inventory and a presence in key Scandinavian markets.
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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