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Clas Ohlson AB ( ($SE:CLAS.B) ) just unveiled an update.
Clas Ohlson AB reported a strong second quarter with a 7% increase in net sales, driven by 9% organic growth. The company’s online sales grew by 8%, and operating profit rose to 410 MSEK. The company also announced strategic acquisitions to boost its e-commerce presence and a significant investment in its distribution center to enhance efficiency and capacity, aiming for long-term growth.
The most recent analyst rating on ($SE:CLAS.B) stock is a Sell with a SEK320.00 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 operates in the retail industry, focusing on home improvement and consumer goods. The company offers a wide range of products, including tools, electrical equipment, and homeware, primarily targeting the Nordic market.
Average Trading Volume: 68,188
Technical Sentiment Signal: Buy
Current Market Cap: SEK22.87B
For an in-depth examination of CLAS.B stock, go to TipRanks’ Overview page.