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Clas Ohlson three-month report 2019/20

First quarter – 1 May to 31 July 2019

· Sales increased 4% to 2,044 MSEK (1,958), organic growth up 4% and up 4% in comparable units
· Online sales increased 20% to 112 MSEK (93)
· Operating profit, including non-recurring costs and costs linked to the CO100+ action programme, totalled 79 MSEK (32). Excluding the effect of the new accounting standard IFRS 16, operating profit amounted to 52 MSEK
· Underlying operating profit amounted to 91 MSEK (62), excluding the effect of IFRS 16
· The operating margin amounted to 3.9% (1.6), excluding the effect of IFRS 16, the operating

Source: Clas Ohlson three-month report 2019/20

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