Clas Ohlson
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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.
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Q1 26/27 earnings summary3 Sep, 2026

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.

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Frequently asked questions

Clas Ohlson AB (publ) operates as a retailing company in Sweden and internationally. The company operates through five segments: Sweden, Norway, Finland, United Kingdom, and Other. It offers household products, such as kitchen gadgets, pots and pans, home storage furniture, laundry care products and accessories; DIY tools, such as screwdrivers, wrenches and pliers, hammers and axes, other hand tools and electronic tools; construction products; seasonal decorations and glassware; garden equipment; bicycle parts; cleaning products; lighting fixtures; electrical appliances for the home and office use; safety workwear for industry or construction work; water heating systems for bathrooms or kitchens.