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Clas Ohlson AB ( ($SE:CLAS.B) ) has shared an announcement.
Clas Ohlson AB reported a record-breaking year with strong financial performance, highlighted by a 14% increase in net sales and a 66% rise in operating profit for the fourth quarter. The company achieved significant growth in online sales, which now represent a fifth of total sales, and plans to continue investing in store expansion and distribution improvements. With a robust plan for sustainable growth, Clas Ohlson aims to capitalize on its relatively small market share in a large market and maintain its positive momentum in sales development.
The most recent analyst rating on ($SE:CLAS.B) stock is a Hold with a SEK145.00 price target. To see the full list of analyst forecasts on Clas Ohlson AB stock, see the SE:CLAS.B Stock Forecast page.
More about Clas Ohlson AB
Clas Ohlson AB is a retail company primarily operating in the Nordic region, focusing on providing a wide range of home improvement and DIY products. The company is known for its needs-driven product assortment and has a significant presence in both physical stores and online sales channels.
Average Trading Volume: 92,986
Current Market Cap: SEK18.06B
For a thorough assessment of CLAS.B stock, go to TipRanks’ Stock Analysis page.