Dec 04, 2024 / 08:00AM GMT
Kristofer Tonstroem - Clas Ohlson AB - President, Chief Executive Officer
So good morning, everyone, and welcome to the Clas Ohlson Q2 report presentation with me, Kristofer Tonstrom, CEO; and CFO, Pernilla Walfridsson. So we'll, as always, go through a short business update that I'll take us through and then I will go into the financial development, the events after the reporting period and summary and Q&A.
So starting by headlining a bit the second quarter and also the start of Q3, we can conclude that Q2 sales came in at SEK2.8 billion, which is an organic growth of 8%. Also, operating profit was up approximately 11% versus last year to SEK307 million, which also then translate to a margin of 11%. We can also conclude that online sales now represent almost 1/5 of the Clas Ohlson sales, now in the second quarter. So it's obviously clear that driving profitable growth online as well is driving the results. Cash flow wise, also came in slightly above last year and we ended the quarter with a net cash position of SEK211 million. Also, the start to Q3 was solid with a 13% organic growth in
Q2 2025 Clas Ohlson AB Earnings Call Transcript
Dec 04, 2024
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