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Clas Ohlson (CLAS) investor relations material
Clas Ohlson Q1 26/27 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved best first quarter to date with 16% net sales growth year-over-year, driven by 11% organic growth, 3% from acquisitions, and 2% currency effects.
Operating profit reached 393 MSEK, a 40%+ increase year-over-year, with an operating margin of 12.0%.
EPS increased to 4.75 SEK from 3.27 SEK year-over-year.
Online sales surged 35%, now representing 22% of total sales.
Store network expanded by nine stores to 250 locations, with plans for continued growth.
Financial highlights
Net sales: 3,278 MSEK (2,814 MSEK prior year), up 16% year-over-year, with 11% organic, 3% from acquisitions, and 2% currency effects.
Operating profit: 393 MSEK (278 MSEK), operating margin 12.0% (9.9%).
Gross margin improved to 48% from 45.7% year-over-year.
Cash flow from operating activities was 663 MSEK, up from 468 MSEK last year.
Free cash flow for the period was 363 MSEK.
Outlook and guidance
New three-year targets: 5% annual organic sales growth, 12% operating margin, 30% ROCE, and dividend payout of at least 50% of EPS after tax.
August sales (start of Q2) showed 8% organic growth and total sales up 13% year-over-year.
Plans to open about 10 net new stores per year and continue selective acquisitions.
Management expects continued growth and value creation, leveraging a large addressable market and ongoing assortment renewal.
- AGM approved a SEK 6.25/share dividend and a performance-based executive incentive plan.CLAS
AGM 2021 - Record sales, margin gains, and robust cash flow drive higher dividend and ambitious targets.CLAS
Q4 25/26 - Targets 5% sales growth, ~12% margin, ~30% ROCE, and ≥50% dividend payout with omnichannel focus.CLAS
CMD 2026 - Q3 saw record sales, margin expansion, and strong cash flow, supporting further profitable growth.CLAS
Q3 25/26 - Double-digit organic growth, higher margins, and strong cash flow drive profitability.CLAS
Q1 25/26 - Q2 sales up 14% with 11% margin and strong online and store network growth.CLAS
Q2 24/25 - Net sales up 20% to 2,623 MSEK, with strong profit and digital growth momentum.CLAS
Q1 24/25 - Record profit, double-digit growth, and higher dividend drive expansion plans.CLAS
Q4 23/24 - Record sales, margin growth, and strong cash flow support continued expansion and investment.CLAS
Q4 24/25
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