Clas Ohlson Reports 15% Sales Increase in July
Clas Ohlson's net sales for July reached 1,164 million SEK, a 15% increase year-over-year. The growth was driven by organic expansion, acquisitions, and currency effects.
Clas Ohlson announced its net sales for July increased by 15% to 1,164 million SEK (1,010 million SEK) compared to the same period last year. The company attributed 10% of this growth to organic expansion, 3% to acquisitions, and 2% to currency fluctuations.
The company's physical store network also expanded, adding 9 stores in July. By the end of the reporting period, Clas Ohlson operated a total of 250 stores, up from 241 in the previous year.
For the broader May-July period, total net sales rose by 16% to 3,278 million SEK (2,814 million SEK). This period saw an 11% organic growth contribution, supplemented by 3% from acquisitions and 2% from currency effects.