Total net sales for the period May-October 2024 amounted to 5,424 MSEK (4,653), an increase by 17 per cent compared with the corresponding period in the previous year, of which 9 per cent relates to organic growth*, -2 per cent to currency effects and 9 per cent to sales in Spares Group.

*Split between increase in comparable units 5 per cent and change in store network 4 per cent for the month of October. Split for the period May-October 2024, 6 per cent and 4 per cent respectively.

Distribution of sales Month Accumulated
October Change May-October Change
MSEK 2024/25 SEK Organic 2024/25 SEK Organic
Sweden 433 12% 12% 2,361 12% 12%
Norway 366 6% 10% 2,086 5% 8%
Finland 103 -3% -1% 556 1% 3%
Spares 71 - - 421 - -
Total* 972 16% 9% 5,424 17% 9%

*Net sales excluding Spares increased by 8% to 902 MSEK in October and by 8% to 5,003 MSEK for the period May-October 2024.

Kristofer Tonström, CEO and President: Our relevant assortment and appreciated customer meeting contributed to a continued positive sales trend with organic growth of nine per cent in October. Sales growth was broadly distributed across our prioritised product niches, with the largest increases in electronic devices and accessories and lighting. Sales in comparable units increased by five per cent and the work to build a more robust store network continues according to plan. In October, we opened two new stores, and in November we will relocate and rebuild five existing stores and open our 100th store in Norway. A prerequisite for being able to invest in future growth is continued cost control and continuous rationalisations, not least as the retail climate is challenging in all sales markets at the same time as currency fluctuations continue to have an impact.

For further information, please contact: 
Niklas Carlsson, Head of Communications and Investor Relations, +46 247 444 29, niklas.carlsson@clasohlson.se

This is information that Clas Ohlson AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. This information was submitted for publication, through the agency of the contact person set out above, at 7:00 a.m. CET on 7 November 2024.