Kvartalsrapport Q1 2026

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===== SIDA 1 =====

CLAS OHLSON INTERIM REPORT Q3  2025/26 
 
“Continued progress - increased sales and profits"  
Kristofer Tonström, President and CEO 
Third quarter 
• Net sales amounted to 4,080 MSEK (3,859), an increase of 6%, of which 8% related to 
organic growth, 1% acquisition and -3% to currency effects 
• Online sales amounted to 843 MSEK (717), an increase of 17%, of which 6% related to 
acquisitions 
• Operating profit amounted to 659 MSEK (553) 
• Profit after tax totalled 514 MSEK (426) 
• Earnings per share was 8.09 SEK (6.72)  
Nine months 
• Net sales amounted to 9,903 MSEK (9,284), an increase of 7%, of which 9% related to organic 
growth, 0 per cent acquisition and -3% to currency effects 
• Online sales amounted to 1,956 MSEK (1,738), an increase of 13%, of which 3% related to 
acquisitions 
• Operating profit amounted to 1,347 MSEK (1,063) 
• Profit after tax totalled 1,030 MSEK (802) 
• Earnings per share was 16.22 SEK (12.65)  
Events after the end of the reporting period 
• Net sales in February amounted to 779 MSEK (715), an increase of 9%, of which 9% related to 
organic growth, 2% acquisition and -2% to currency effects 
 
 
 
 
 
Key ratios 
 
 
 
 
 
LTM Full year
 Nov 2025 Nov 2024 May 2025 May 2024 Feb 2025 May 2024
MSEK (unless otherwise stated) - Jan 2026 - Jan 2025 - Jan 2026 - Jan 2025 - Jan 2026 - Apr 2025
Net sales 4,080 3,859 9,903 9,284 12,246 11,627
Gross margin, % 46.8 44.9 47.1 45.1 47.2 45.6
EBITA 665 556 1,359 1,073 1,471 1,185
Operating profit 659 553 1,347 1,063 1,455 1,171
Operating margin, % 16.2 14.3 13.6 11.4 11.9 10.1
Profit after tax 514 426 1,030 802 1,110 882
Earnings per share before dilution, SEK 8.09 6.72 16.22 12.65 17.48 13.91
Cash flow from operating activities 1,540 1,348 2,091 1,878 2,043 1,830
Free cash flow 1,290 1,175 1,493 1,351 1,255 1,114
Number of stores at period end 244 238 244 238 244 241
Number of Club Clas members (millions) 6.2 5.8 6.2 5.8 6.2 5.9
31 Jan 2026 31 Jan 2025
Net debt/EBITDA ratio -0.1 0.3
Net debt/EBITDA ratio, excl IFRS 16 -1.3 -1.0 
Equity/assets ratio, % 37.9 35.0
3 Months 9 Months
 
Interim report Q3 
                                                                                          1 November – 31 January 2025/26 
 
Strong organic growth 
quarter 
 
+8% 
 
  
Operating result  
quarter 
 
659 MSEK 
 
  
Organic growth 
February 
 
+9%

===== SIDA 2 =====

CEO’S COMMENTS  
 
CLAS OHLSON INTERIM REPORT Q 3  2025/26                      2  
 
Continued progress - increased sales and profits
We managed to maintain the positive sales trend from the 
second quarter into the important third quarter. In November 
and December, we had the right offer for both the Christmas 
preparations such as string lights and Christmas trees, and the 
Christmas presents. In January, when the cold in our sales 
markets made its entrance, we instead saw a clear upswing in 
weather-related product categories such as heat sources and 
snow removal, at the same time as the basic range sold well. 
Our ability to meet the variations in customer needs and 
expectations are good examples of the organisation's strength 
in both assortment development and customer meeting. In 
total, organic sales increased in the third quarter by 8 per cent, 
and net sales exceeded 4 billion SEK for the first time ever in a 
quarter. Operating profit improved to 659 MSEK (553), 
corresponding to an operating margin of 16.2 per cent (14.3), 
and earnings per share amounted to SEK 8.09 (6.72). 
A strong and growing store network 
In terms of development by market, Norway continues to 
show fantastic growth. The fact that the research company 
Yougov as recently as February ranked Clas Ohlson as the 
strongest brand in the retail sector in Norway shows the 
position we have in the market. Sweden is also delivering 
strongly in relation to tough comparative figures from the 
previous year, with organic growth of 7 per cent. We also see 
strong development in Finland with an organic sales increase of 9 
per cent in the quarter. We have rebuilt all Finnish stores and put a 
greater focus on products that are particularly appreciated by the 
Finnish customer. This work is yielding results and further 
confidence in opening more stores in the Finnish market. After a 
successful store opening outside Helsinki last autumn, we will 
open a new store in Tampere this spring and another in Joenssu 
later this autumn. In total, we plan to open eight stores net in 
2025/26, i.e. slightly below our ambition of approximately ten new 
stores net. For the coming financial year 2026/27, the goal is to 
continue to open new stores at the same pace as in the past three 
years. 
E-com – a profitable growth engine 
Online sales continues to develop well. E-com accounted for 21 
per cent of total sales in the third quarter, and growth in the B2C 
business is very strong, as in the previous quarter. For example, 
total sales at www.clasohlson.com grew by 15 per cent in the 
quarter. New for the quarter is that sales from the add-on 
acquisitions Phonelife and Reservdelaronline are included in total 
net sales online, which amounted to 843 MSEK. 
The foundation for future growth 
At the same time as we deliver results here and now, we are 
constantly taking steps to create an even better Clas Ohlson for 
the future. Our work with assortment development is becoming 
increasingly efficient and we will continue to launch product news 
at a high pace this spring. The investment in increased logistics 
capacity has reached a new milestone as we now have selected 
our collaboration partner regarding the automation solution for 
our distribution centre in Insjön. The next step is to start 
construction and we expect to be able to break ground within the 
next few weeks. In terms of logistics development, we have also 
signed a new agreement with PostNord for deliveries to stores in 
Sweden, Norway and Finland, with a focus on further reducing our 
climate footprint through fossil-free fuels and more climate-
optimised solutions.  
Value creation for all stakeholders 
In summary, we continue to develop the company with a focus on 
assortment, brand and customer meeting, without compromising 
on accuracy in daily operations. Customer satisfaction regarding 
both service and products is high, while the customer base 
continues to grow larger. In total, we now have 6.2 million 
members in Club Clas. Sales in February showed a good start to 
the last quarter of the year, with organic sales growth of 9 per cent. 
In an uncertain macro environment, we will continue to focus on 
things we can influence ourselves and, strengthened by the results 
of recent years, we are confident that we can continue to grow 
profitably in our major product niches, thereby creating value for 
all stakeholders.  
See you in stores and online! 
 
Kristofer Tonström, President and CEO
 
Kristofer Tonström 
 
”Clas Ohlson is ranked the strongest brand in retail in 
Norway.”

===== SIDA 3 =====

CLAS OHLSON IN BRIEF  
 
CLAS OHLSON INTERIM REPORT Q 3  2025/26                      3  
 
Clas Ohlson in brief
Clas Ohlson's overall purpose is to make home fixing available, 
sustainable and enjoyable for everyone. Today, Clas Ohlson is one 
of the strongest retail brands in the Nordic region, with sales 
through over 240 stores and e-commerce in Sweden, Norway and 
Finland, approximately 5,000 co-workers and net sales of 
approximately 12 billion SEK. Clas Ohlson's offering is based on 
five prioritised product niches that together build Clas Ohlson's 
position as a home fixing destination:
 
 
 
 
 
 
 
 
 
Tidy up your home  Light up your home  Create a conscious 
home environment 
 Connect and enjoy 
your home 
 Fix your home 
Spares Group, with sales channels Teknikdelar, Batteriexperten, Spares and ZandParts, which primarily strengthens the customer offering 
within the Connect and enjoy your home niche, is part of the Clas Ohlson Group. Since November 2025, Phonelife/Teknikmagasinet and 
Reservdelaronline are also part of the Clas Ohlson Group, as subsidiaries of Spares. 
Investing in Clas Ohlson 
Clas Ohlson is a leading retail company in the Nordic market with a large 
store network and rapidly growing online sales. The total market for Clas Ohlson's 
product range is estimated at approximately 340 billion SEK and is expected to 
continue to grow. In the strategy launched in 2022, we have a simple and clear 
path to sustainable and profitable growth. With a strong focus on operational 
efficiency, we want to gradually develop the company's competitive advantages in 
assortment, brand and customer meeting. 
 
Four reasons to invest in Clas Ohlson 
• Well positioned in large and growing product niches 
• Needs-driven assortment and high customer satisfaction 
• Central store locations, full-scale e-commerce and effective marketing 
• Strong financial position and focus on increasing earnings per share 
over time 
 
Strategic focus areas 
1. Relevant assortment all year round via 
prioritised product niches 
2. A profitable and growing online business 
3. Building and operating a robust store 
network 
4. A competitive cost base 
5. Efficient customer communication 
6. A strong organisation with sustainability 
integrated into the core business 
Financial targets 
Growth 
Sales are to increase 
organically by 5 per cent per 
year 
 Profitability 
The operating margin is to 
amount to between 7-9 per 
cent per year 
 Capital structure 
Net debt in relation to EBITDA 
(excluding the effect of IFRS 16) 
to be below two (2) times 
 Dividend policy 
The dividend is to comprise at 
least 50 per cent of earnings 
per share after tax, considering 
the company’s financial 
position 
 
 
 
 
 
 
 
Sustainability targets 
 
Planet 
Climate neutral and fully circular by 2045, 
climate neutral in own operations by 2026. 
Joined the Science Based Targets initiative 
  People 
A sustainable and long-term 
employer with engaged co-
workers 
  Society 
Contribute to a fair and 
prosperous society for future 
generations 
1.1%
10.9% 10.5%
0.0%
5.0%
10.0%
15.0%
22/23 23/24 24/25
Organic growth
Organic growth
Financial target
3.4%
7.0%
10.1%
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
22/23 23/24 24/25
Operating margin
Operating margin
Financial target
0.2
-0.2
-0.8-1.0
-0.5
0.0
0.5
1.0
1.5
2.0
2.5
22/23 23/24 24/25
Net debt/EBITDA ratio
Net debt/EBITDA (excl IFRS 16)
Financial target
53% 53%
50%
40%
45%
50%
55%
60%
0.00
1.00
2.00
3.00
4.00
5.00
6.00
7.00
8.00
22/23 23/24 24/25
Dividend per share
Dividend per share, SEK
Share of profit

===== SIDA 4 =====

FINANCIAL STATEMENTS  
 
CLAS OHLSON INTERIM REPORT Q 3  2025/26                      4  
 
Financial development  
Net sales 
Third quarter (1 November 2025–31 January 2026) 
Net sales amounted to 4,080 MSEK (3,859), an increase of 6 per cent, of which 8 per cent related to organic growth1, 1 per cent acquisition2 
and -3 per cent to currency effects. Online sales amounted to 843 MSEK (717), an increase of 17 per cent of which 6 per cent related to 
acquisitions. At the end of the quarter, the total number of stores was 244, which was an increase of net 6 stores compared with the year-
earlier period. For more information on the store network, see page 24. 
 
Nine months (1 May 2025–31 January 2026) 
Net sales amounted to 9,903 MSEK (9,284), an increase of 7 per cent, of which 9 per cent related to organic growth1, 0 per cent acquisition2 
and -3 per cent to currency effects. Online sales amounted to 1,956 MSEK (1,738), an increase of 13 per cent, of which 3 per cent related to 
acquisitions. During the nine-month period, the store network increased by 3 stores. For more information on the store network, see page 
24. 
 
 
 
Net sales per quarter 
MSEK 
 
 
Strong organic growth  
quarter 
+8% 
Distribution of net sales 
 
 
 
  
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
Q1 Q2 Q3 Q4
22/23 23/24 24/25 25/26
 Nov 2025 Nov 2024 May 2025 May 2024
MSEK - Jan 2026 - Jan 2025 SEK organic¹ acquisition² - Jan 2026 - Jan 2025 SEK organic¹ acquisition²
Sweden 1,913 1,767 8 7 2 4,644 4,264 9 8 1
Norway 1,685 1,609 5 10 1 4,062 3,753 8 13 0
Finland 410 397 3 9 0 982 964 2 6 0
Other markets 72 87 -17 -22 5 216 303 -29 -30 1
Total¹ 4,080 3,859 6 8 1 9,903 9,284 7 9 0
Of which online sales 843 717 17 14 6 1,956 1,738 13 12 3
²Acquisition Phonelife AB and Reservdelaronline Sverige AB
  Split between increase in comparable units 7 per cent and change in store network 2 per cent for the period May 2025-January 2026
¹Split between increase in comparable units 6 per cent and change in store network 1 per cent for the period November 2025-January 2026
Percentage change 
3 Months 9 Months 
Percentage change

===== SIDA 5 =====

FINANCIAL STATEMENTS  
 
CLAS OHLSON INTERIM REPORT Q 3  2025/26                      5  
 
Result 
Third quarter 
Operating profit amounted to 659 MSEK (553) and the increase is mainly attributable to 
higher sales combined with improved gross margin. Operating margin was 16.2 per cent 
(14.3). 
Goods for resale amounted to -2,169 MSEK (-2,128), an increase reflecting higher volumes. 
Gross margin increased by 2.0 percentage points to 46.8 per cent (44.9), mainly 
attributable to lower sourcing and freight costs. The currency impact1 was negative, where 
weaker sales currencies were partly offset by favorable purchase currencies. 
Personnel expenses amounted to -710 MSEK (-671). The increase in personnel expenses 
was mainly attributable to higher volumes, salary increases and new stores. 
Other external expenses amounted to -363 MSEK (-317). The increase is mainly attributable to marketing initiatives and 18 MSEK attributable 
to acquired operations. 
Depreciation and amortisation of tangible and intangible assets amounted to -179 MSEK (- 189).  
Net financial expenses amounted to -11 MSEK (-11). Tax for the quarter amounted to -134 MSEK (-115), as a result of the higher profit. 
Profit after tax for the quarter amounted to 514 MSEK (426). Earnings per share amounted to 8.09 SEK (6.72). 
Nine months 
Operating profit amounted to 1,347 MSEK (1,063) and the increase is mainly attributable to higher sales combined with improved gross 
margin. Operating margin was 13.6 per cent (11.4). 
Goods for resale amounted to -5,241 MSEK (-5,100), an increase reflecting higher volumes. Gross margin increased by 2.0 percentage 
points to 47.1 per cent (45.1). The development is mainly attributable to improved sourcing prices, lower freight costs, and positive mix 
effects, including those related to lower sales in the Spares' B2B business. The currency impact1 were marginally negative, where weaker 
sales currencies were partly offset by favorable purchase currencies. 
Personnel expenses amounted to -1,866 MSEK (-1,758). The increase in personnel expenses is mainly attributable to higher volumes, salary 
increases and new stores. 
Other external expenses amounted to -909 MSEK (-797). The increase is mainly attributable to marketing activities. 
Depreciation and amortisation of tangible and intangible assets amounted to -540 MSEK (-564).  
Net financial expenses amounted to -37 MSEK (-42). Tax for the period amounted to -280 MSEK (-219), as a result of the higher profit. 
Profit after tax for the period amounted to 1,030 MSEK (802). Earnings per share amounted to 16.22 SEK (12.65). 
 
 
1Operating profit was affected by the outcome of currency hedges, see Note 6 for more information 
Operating profit and operating margin 
 
 
Earnings per share 
 
  
 
 
 
 
0.0
2.0
4.0
6.0
8.0
10.0
12.0
-100
0
100
200
300
400
500
600
700
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
22/23 23/24 24/25 25/26
Operating profit, MSEK Operating margin, % (LTM)
0.00
2.00
4.00
6.00
8.00
10.00
12.00
14.00
16.00
18.00
20.00
-1.00
0.00
1.00
2.00
3.00
4.00
5.00
6.00
7.00
8.00
9.00
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
22/23 23/24 24/25 25/26
Earnings per share, SEK Earnings per share (LTM), SEK
Operating margin  
quarter 
+16.2%

===== SIDA 6 =====

FINANCIAL STATEMENTS  
 
CLAS OHLSON INTERIM REPORT Q 3  2025/26                      6  
 
Financial position and cash flow  
Cash flow from operating activities during the quarter amounted to 1,540 MSEK (1,348), mainly driven by a higher operating profit and a 
positive change in working capital. Free cash flow, i.e. cash flow after investing activities including repayments of lease liabilities, during the 
quarter amounted to 1,290 MSEK (1,175). Cash flow for the quarter, after investing and financing activities, amounted to 1,068 MSEK (1,041), 
affected by a higher dividend and the acquisitions of Phonelife AB and Reservdelaronline Sverige AB. 
Cash flow from operating activities during the nine-month period amounted to 2,091 MSEK (1,878), which is mainly explained by a higher 
operating profit. Free cash flow during the period amounted to 1,493 MSEK (1,351). Cash flow for the period, after investing and financing 
activities, amounted to 1,048 MSEK (1,082), affected by a higher dividend and acquisitions. 
At the end of the quarter, the inventory value was 2,281 MSEK (2,324). Inventory was affected by increased efficiency in inventory 
management, lower purchase prices and currencies as well as higher sales during the quarter. This has been offset by additional stores, a n 
expanded product range and acquired operations. 
The Group’s net debt, meaning interest bearing liabilities less cash and cash equivalents, amounted to -184 MSEK (558). Excluding the 
effect of IFRS 16 the Group’s net cash position was 2,057 MSEK (1,252). Excluding the effect of IFRS 16 net debt in relation to EBITDA 
was -1.3 times (-1.0). Credits granted and loan commitments amounted to 600 MSEK, of which 0 MSEK had been utilised. The 
company’s financial position remains strong and the equity/assets ratio was 38 per cent (35). The acquisitions in the third quarter 
were financed through existing cash and cash equivalents. 
Free cash flow 
 
 
Capital structure 
 
 
Return on capital employed 
 
Investments 
Investments during the quarter amounted to 122 MSEK (26). Of these, 6 MSEK (12) related to investments in new or refurbished stores. 
Investments in IT systems amounted to 14 MSEK (8). Investments in the distribution center amounted to 8 MSEK during the quarter. During 
the third quarter, Phonelife AB and Reservdelaronline Sverige AB were acquired. The initial portion of the purchase price paid amounted to 
108 MSEK, see further information on page 16. 
Investments during the nine-month period amounted to 204 MSEK (105). Of these, 40 MSEK (68) related to investments in new or 
refurbished stores. Investments in IT systems during the period amounted 38 MSEK (17). Investments in the distribution center amounted 19 
MSEK during the period. 
Acquisition of Phonelife AB and Reservdelaronline Sverige AB 
Clas Ohlson has acquired 70% of the shares in Phonelife AB and Reservdelaronline Sverige AB. Phonelife operates online sales of electronic 
products and accessories through the sales channels Phonelife and Teknikmagasinet. Reservdelaronline operates online sales of  spare 
parts through the sales channel Reservdelaronline.se. The acquisition strengthens Clas Ohlson’s offering within electronics, accessories and 
spare parts, while creating additional growth opportunities within the segment with strong underlying demand. The two companies are 
consolidated in the Clas Ohlson Group as of 1 December 2025.  
The acquisitions initially relate to 70% of the shares in the companies, of which 108 MSEK was paid during the third quarter and 40 MSEK will 
be paid during the fourth quarter. This means that the total purchase consideration for 70% of the companies amounts to 148 MSEK . 
Allocated per company, this corresponds to Phonelife 110 MSEK, including an earn-out determined after the end of the third quarter, and 
Reservdelaronline 38 MSEK. See further information on page 16. 
  
-600
-400
-200
0
200
400
600
800
1,000
1,200
1,400
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
22/23 23/24 24/25 25/26
Free cash flow, MSEK
-1.50
-1.00
-0.50
0.00
0.50
1.00
-2,500
-2,000
-1,500
-1,000
-500
0
500
1,000
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
22/23 23/24 24/25 25/26
Net debt excl IFRS 16, MSEK
Net debt/EBITDA ratio excl IFRS 16
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
35.0%
40.0%
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
5,000
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
22/23 23/24 24/25 25/26
Average capital employed, MSEK
Return on capital employed, % (LTM)

===== SIDA 7 =====

FINANCIAL STATEMENTS  
 
CLAS OHLSON INTERIM REPORT Q 3  2025/26                      7  
 
Events after the end of the reporting period 
Sales in February 
Net sales amounted to 779 MSEK (715), an increase of 9 per cent, of which 9 per cent related to organic growth2, 2 per cent acquisition and 
-2 per cent to currency effects. Compared with the same month of the preceding year, the store network increased by a net of 6 stores. The 
total number of stores at the end of the period was 244 (238). For more information about the store network, refer to page 24.  
Total net sales for the period May 2025-February 2026 amounted to 10,683 MSEK (9,999), an increase of 7 per cent, of which 9 per cent 
related to organic growth2, 1 per cent acquisition and -2 per cent to currency effects.
 
Other information 
Parent Company 
Parent Company net sales for the financial year amounted to 7,755 MSEK (7,118) and profit after financial items amounted to 1,081 MSEK 
(764). The increase in profit is primarily attributable to higher sales. Investments during the year amounted to 86 MSEK (72). 
Employees 
The number of employees in the Group was approximately 5,200. Recalculated to average full-time equivalents (FTEs) in the quarter, this 
corresponds to an average of 3,128 (3,082). The difference compared to the year-earlier period is mainly related to new stores and 
acquired companies. 
Seasonal fluctuations 
Clas Ohlson’s market and operations are influenced by consumer purchasing behaviour. The company’s product range is particula rly well 
suited to Christmas preparations and Christmas shopping, which means that the third quarter (November-January) is generally the 
strongest quarter of the financial year. This is followed by the second and first quarters and, finally, the fourth quarter, which is the weakest in 
terms of sales and profit. 
Nomination Committee and the 2026 Annual General Meeting 
The members of the Nomination Committee were appointed based on the ownership structure at 30 September 202 5. Malin Persson, 
nominated by the Haid owner family, is Chairman of the Nomination Committee. The other members are Johan Ståhl, nominated by the 
Tidstrand owner family, Richard Torgerson, nominated by Nordea Funds and Oscar Bergman, nominated by Swedbank Robur Funds.  
The Annual General Meeting will be held on 11 September 2026 in Leksand. For more information, visit about.clasohlson.com/nomination-
committee. 
Audit  
This report is unaudited. 
Clas Ohlson AB (publ) 
Insjön, 11 March 2026 
 
Kristofer Tonström 
President and CEO 
  
MSEK Feb 2026 Feb 2025 SEK organic¹ acquisition² 
May-Feb 
2026 
May-Feb 
2025 SEK organic¹ acquisition² 
Sweden 361 328 10 7 3 5,005 4,592 9 8 1
Norway 315 287 10 11 1 4,377 4,040 8 13 0
Finland 73 73 0 5 1 1,055 1,037 2 6 0
Other markets 30 27 10 5 5 246 330 -26 -27 2
Total¹ 779 715 9 9 2 10,683 9,999 7 9 1
Percentage change 
¹Split between increase in comparable units 8 per cent and change in store network 1 per cent for the month of February
  Split between increase in comparable units 7 per cent and change in store network 2 per cent for the period May 2025-February 2026
Percentage change 
²Acquisition Phonelife AB and Reservdelaronline Sverige AB

===== SIDA 8 =====

FINANCIAL STATEMENTS  
 
CLAS OHLSON INTERIM REPORT Q 3  2025/26                      8  
 
Consolidated income statement 
  
 
 
 
Consolidated comprehensive income statement 
 
 
LTM Full year
Nov 2025 Nov 2024 May 2025 May 2024 Feb 2025 May 2024
MSEK Note - Jan 2026 - Jan 2025 - Jan 2026 - Jan 2025 - Jan 2026 - Apr 2025
Net sales 3 4,079.7 3,859.5 9,903.2 9,283.6 12,246.2 11,626.7
Goods for resale -2,168.6 -2,128.3 -5,240.6 -5,099.9 -6,461.5 -6,320.8
Personnel expenses -709.9 -671.1 -1,865.8 -1,758.4 -2,448.1 -2,340.7
Other external expenses -362.9 -317.3 -908.7 -796.9 -1,155.3 -1,043.6
Depreciation/amortisation of tangible and
 intangible assets -178.8 -189.3 -540.2 -563.7 -724.2 -747.7
Other operating income and expenses 4 -0.5 -1.0 -1.2 -2.1 -1.8 -2.7
Total expenses -3,420.7 -3,307.0 -8,556.5 -8,221.0 -10,791.0 -10,455.5
Operating result 658.9 552.5 1,346.7 1,062.6 1,455.2 1,171.2
Financial income 9.2 6.1 21.6 10.4 27.5 16.3
Financial expenses -20.1 -17.2 -58.5 -52.2 -75.9 -69.6
Profit after financial items 648.0 541.5 1,309.8 1,020.9 1,406.8 1,117.9
Income tax -133.9 -115.1 -279.6 -218.5 -296.8 -235.7
Profit for the period 514.1 426.4 1,030.2 802.3 1,110.0 882.2
Profit for the period attributable to:
Owners of the Parent Company 514.1 426.4 1,030.2 802.3 1,110.0 882.2
Non-controlling interests - - - - - -
3 Months 9 Months
Number of shares at end of period, millions 63.6 63.5 63.6 63.5 63.6 63.5
Earnings per share before dilution, SEK 8.09 6.72 16.22 12.65 17.48 13.91
Earnings per share after dilution, SEK 8.04 6.68 16.12 12.58 17.38 13.82
LTM Full year
Nov 2025 Nov 2024 May 2025 May 2024 Feb 2025 May 2024
MSEK Note - Jan 2026 - Jan 2025 - Jan 2026 - Jan 2025 - Jan 2026 - Apr 2025
Profit for the period 514.1 426.4 1,030.2 802.3 1,110.0 882.2
Other comprehensive income, net of tax:
Items that have been or may be reclassified subsequently 
to income statement:
Exchange rate differences -13.5 -1.6 -11.9 -9.9 -45.3 -43.3
Cash flow hedging 6 -14.4 -0.1 -1.0 -0.7 -28.1 -27.8
Total -28.0 -1.7 -12.9 -10.6 -73.4 -71.1
Items that will not be reclassified subsequently to income 
statement:
Change in fair value of financial assets 6 0.0 0.0 0.0 -6.3 0.0 -6.3
Total 0.0 0.0 0.0 -6.3 0.0 -6.3
Other comprehensive income, net of tax -28.0 -1.7 -12.9 -16.9 -73.4 -77.4
Comprehensive income for the period 486.2 424.7 1,017.2 785.5 1,036.5 804.8
Comprehensive income attributable to:
Owners of the Parent Company 486.2 424.7 1,017.2 785.5 1,036.5 804.8
Non-controlling interests - - - - - -
3 Months 9 Months

===== SIDA 9 =====

FINANCIAL STATEMENTS  
 
CLAS OHLSON INTERIM REPORT Q 3  2025/26                      9  
 
 
 
Consolidated statement of Group financial position 
 
 
 
 
 
 
31 Jan 31 Jan 30 Apr
MSEK Note 2026 2025 2025
Assets
Goodwill 5 644.2 405.4 405.4
Trademarks 40.8 27.1 25.4
Customer relationships 23.4 17.7 16.1
IT- and software costs 103.6 71.6 75.6
Land and buildings 180.5 203.8 197.7
Equipment, tools, fixtures and fittings 400.9 412.9 414.5
Right-of use assets 1,696.7 1,764.1 1,670.5
Securities held as fixed assets 6 - - -
Deferred tax assets 76.1 70.5 75.0
Other non-current receivables 109.7 0.8 0.7
Total non-current assets 3,275.9 2,973.9 2,880.9
Inventories 2,280.7 2,323.7 2,414.5
Accounts receivable 112.0 115.6 67.7
Tax assets 6.8 10.6 5.1
Other receivables 25.9 11.2 7.6
Prepaid expenses and accrued income 6 133.1 106.8 102.3
Cash and cash equivalents 2,057.0 1,252.0 1,010.7
Total current assets 4,615.5 3,819.9 3,608.0
Total assets 7,891.5 6,793.8 6,488.9
Equity and liabilities
Share capital 82.0 82.0 82.0
Other contributed capital 90.4 90.4 90.4
Other reserves -130.9 -57.5 -118.0
Profit brought forward including profit for the year 2,951.1 2,263.2 2,345.8
Non-controlling interests - - -
Total equity 2,992.7 2,378.2 2,400.3
Non-current lease liabilities, interest bearing 1,337.9 1,270.0 1,193.9
Deferred tax liabilities 201.3 158.9 196.6
Other non-current liabilities 5 141.3 40.5 40.6
Total non-current liabilities 1,680.5 1,469.5 1,431.1
Current lease liabilities, interest bearing 535.5 539.6 507.4
Accounts payable 955.7 943.6 978.9
Tax liability 205.2 144.4 71.5
Other current liabilities 5 652.8 532.7 266.9
Accrued expenses and prepaid income 6 773.9 695.9 748.4
Contract liabilities 95.2 90.0 84.5
Total current liabilities 3,218.3 2,946.1 2,657.5
Total equity and liabilities 7,891.5 6,793.8 6,488.9

===== SIDA 10 =====

FINANCIAL STATEMENTS  
 
CLAS OHLSON INTERIM REPORT Q 3  2025/26                      10  
 
Consolidated condensed statement of cash flow 
 
 
Consolidated condensed statement of changes in equity 
 
 
 
 
 Nov 2025 Nov 2024 May 2025 May 2024 Feb 2025 May 2024
MSEK Note - Jan 2026 - Jan 2025 - Jan 2026 - Jan 2025 - Jan 2026 - Apr 2025
Operating profit 658.9 552.5 1,346.7 1,062.6 1,455.2 1,171.2
Adjustment for non-cash items 207.1 221.2 575.5 602.9 751.3 778.7
Interest received 9.2 6.1 21.6 10.4 27.5 16.3
Interest paid -20.1 -17.2 -58.5 -52.2 -75.9 -69.6
Tax paid -39.6 -60.3 -143.4 -126.1 -197.5 -180.3
Cash flow from operating activities before changes in 
working capital
815.5 702.4 1,741.9 1,497.6 1,960.5 1,716.3
Changes in working capital 724.5 645.6 349.6 380.4 82.9 113.7
Cash flow from operating activities 1,539.9 1,347.9 2,091.4 1,878.1 2,043.4 1,830.0
Investments in intangible assets -14.2 -8.5 -38.3 -17.1 -52.1 -30.9
Investments in tangible assets -16.9 -17.6 -74.5 -83.3 -112.4 -121.2
Acquisition of subsidiaries 5 -91.0 0.0 -91.0 -4.6 -91.0 -4.6
Sale of equipment 0.0 0.0 0.0 0.1 -0.0 0.1
Cash flow from investing activities -122.1 -26.1 -203.8 -104.9 -255.5 -156.6
Repayment of lease liabilities -127.3 -146.6 -395.0 -421.8 -532.5 -559.3
Dividend to shareholders -222.5 -134.5 -444.5 -269.5 -444.5 -269.5
Cash flow from financing activities -349.8 -281.2 -839.6 -691.3 -977.0 -828.8
Cash flow for the period 1,068.0 1,040.7 1,048.1 1,081.9 810.8 844.7
Cash and cash equivalents at the start of the period 990.9 211.3 1,010.7 170.7 1,252.0 170.7
Exchange rate differences in cash and cash equivalents -1.9 0.1 -1.8 -0.6 -5.9 -4.7
Cash and cash equivalents at the end of the period 2,057.0 1,252.0 2,057.0 1,252.0 2,057.0 1,010.7
May 2025 May 2024
MSEK - Jan 2026 - Jan 2025
Equity brought forward 2,400.3 1,849.3
Dividend to shareholders -444.5 -269.5
Employee stock option plan:
Value of employees' service 19.7 12.9
Comprehensive income for the period 1,017.2 785.5
Equity carried forward 2,992.7 2,378.2
Of which equity attributable to non-controlling interests 0.0 0.0

===== SIDA 11 =====

FINANCIAL STATEMENTS  
 
CLAS OHLSON INTERIM REPORT Q 3  2025/26                      11  
 
Parent Company income statement and statement of 
comprehensive income 
 
 
Parent Company condensed statement of financial position 
 
LTM Full year
Nov 2025 Nov 2024 May 2025 May 2024 Feb 2025 May 2024
MSEK - Jan 2026 - Jan 2025 - Jan 2026 - Jan 2025 - Jan 2026 - Apr 2025
Net sales 3,134.5 2,931.6 7,755.4 7,117.5 9,528.8 8,890.9
Goods for resale -1,897.9 -1,850.1 -4,799.1 -4,568.1 -5,910.1 -5,679.2
Personnel expenses -434.3 -408.0 -1,130.1 -1,060.6 -1,481.7 -1,412.1
Other external expenses -245.5 -234.2 -673.2 -623.7 -877.3 -827.8
Depreciation/amortisation of tangible and intangible assets -25.3 -30.3 -75.8 -95.6 -107.3 -127.1
Other operating income and expenses -0.0 -2.6 -0.6 -2.7 0.5 -1.6
Total expenses -2,602.9 -2,525.2 -6,678.7 -6,350.7 -8,375.9 -8,047.8
Operating result 531.6 406.4 1,076.6 766.8 1,152.9 843.1
Results from participation in group companies - 1.9 - 1.9 174.4 176.3
Financial income 7.8 6.4 20.4 11.7 27.7 19.0
Financial expenses -6.8 -7.7 -15.7 -16.4 -20.6 -21.2
Profit after financial items 532.5 407.0 1,081.3 764.0 1,334.4 1,017.1
Appropriations - - - - -203.6 -203.6
Profit before tax 532.5 407.0 1,081.3 764.0 1,130.8 813.5
Income tax -107.9 -92.2 -228.1 -163.7 -198.4 -133.9
Profit for the period 424.7 314.8 853.2 600.4 932.4 679.6
- 0.0 - -6.3 - -6.3
-0.0 0.0 -0.0 -6.3 -0.0 -6.3
424.7 314.8 853.2 594.1 932.4 673.3
Items that have been or may be reclassified subsequently to income statement:
Change in fair value of financial assets
Other comprehensive income, net of tax
Comprehensive income for the period
3 Months 9 Months
Parent statement of comprehensive income
31 Jan 31 Jan 30 Apr
MSEK 2026 2025 2025
Assets
Intangible assets 93.3 66.2 69.7
Tangible assets 420.1 433.5 436.9
Financial assets 646.1 538.3 537.0
Inventories 1,565.5 1,618.4 1,692.7
Current receivables 235.9 219.6 353.6
Cash and cash equivalents 1,969.3 1,197.4 959.0
Total assets 4,930.1 4,073.3 4,049.1
Equity and liabilities
Equity 1,821.3 1,312.4 1,393.0
Untaxed reserves 906.0 708.4 906.0
Non-current liabilities 0.0 40.5 40.5
Current liabilities 2,202.8 2,011.9 1,709.6
Total equity and liabilities 4,930.1 4,073.3 4,049.1

===== SIDA 12 =====

FINANCIAL STATEMENTS  
 
CLAS OHLSON INTERIM REPORT Q 3  2025/26                      12  
 
 
 
Key ratios 
 
 
 
 
The quarterly overview is available on about.clasohlson.com/en/investors/financial-data/ 
 
 
 
 
 
  
LTM Full year
 Nov 2025 Nov 2024 May 2025 May 2024 Feb 2025 May 2024
 - Jan 2026 - Jan 2025 - Jan 2026 - Jan 2025 - Jan 2026 - Apr 2025
Sales growth, % 5.7 13.1 6.7 15.1 7.0 13.6
Organic growth, % 7.8 12.8 8.7 10.7 9.0 10.5
Gross margin, % 46.8 44.9 47.1 45.1 47.2 45.6
Operating margin, % 16.2 14.3 13.6 11.4 11.9 10.1
EBITA, MSEK 664.5 556.0 1,359.3 1,073.1 1,471.1 1,184.9
Return on capital employed, % - - - - 33.8 30.7
Return on equity, % - - - - 43.0 41.0
Equity/assets ratio, % 37.9 35.0 37.9 35.0 37.9 37.0
Equity/assets ratio, excl IFRS 16, % 50.5 48.7 50.5 48.7 50.5 51.0
Net debt/EBITDA - - - - -0.1 0.4
Net debt/EBITDA, excl IFRS 16 - - - - -1.3 -0.8
Average number of employees 3,128 3,082 3,089 3,139 3,054 3,109
Number of Club Clas members (millions) 6.2 5.8 6.2 5.8 6.2 5.9
Share of Online sales, % 20.7 18.6 19.8 18.7 20.0 19.2
Store network¹
Share of sales Sweden, % 46.9 45.8 46.9 45.9 46.9 46.1
Share of sales Norway, % 41.3 41.7 41.0 40.4 40.7 40.2
Share of sales Finland, % 10.0 10.3 9.9 10.4 9.8 10.2
Share of sales Other markets, % 1.8 2.2 2.2 3.3 2.5 3.4
Sales per sq.m in stores, SEK thousand 12.8 12.6 31.6 30.5 39.3 37.7
Number of stores at period end 244 238 244 238 244 241
¹Spares Group's sales are reported under each geographic market
Data per share
Number of shares before dilution 63,563,991 63,452,804 63,507,189 63,405,739 63,493,928 63,417,215
Number of shares after dilution 63,951,111 63,861,012 63,887,562 63,775,766 63,866,036 63,810,628
Number of shares at period end 63,563,991 63,452,804 63,563,991 63,452,804 63,563,991 63,452,804
Earnings per share before dilution, SEK 8.09 6.72 16.22 12.65 17.48 13.91
Earnings per share after dilution, SEK 8.04 6.68 16.12 12.58 17.38 13.82
Comprehensive income per share, SEK 7.65 6.69 16.02 12.39 16.33 12.69
Cash flow per share*, SEK 24.23 21.24 32.93 29.62 32.18 28.86
Equity per share, SEK 47.08 37.48 47.08 37.48 47.08 37.83
*From operating activities
3 Months 9 Months

===== SIDA 13 =====

FINANCIAL STATEMENTS  
 
CLAS OHLSON INTERIM REPORT Q 3  2025/26                      13  
 
Notes to consolidated financial statements  
Note 1 Accounting policies 
Clas Ohlson applies International Financial Reporting Standards (IFRS) as well as interpretations from the IFRS Interpretatio ns Committee 
(IFRS IC) adopted by the EU. This interim report has been prepared in accordance with the Swedish Annual Accounts Act, IAS 34 Inter im 
Financial Reporting, and RFR 1 Supplementary Accounting Rules for Groups. Disclosures according to IAS 34 Interim Financial R eporting 
are provided both in notes and elsewhere in the interim report. The parent company's reporting is prepared according to the Swedish 
Annual Accounts Act and the Swedish Financial Reporting Board's recommendation RFR 2, accounting for legal entities. The same  
accounting principles as for the Group are applied except in cases specified under the section "Parent Company’s Accounting Principles" in 
the Annual Report for 2024/25. 
For the Group's financial statements, the same accounting principles and calculation methods are applied as in the Annual Report for 
2024/25. No new or revised IFRS standards and interpretations that apply from May 1, 2025, have had any significant effect on the Group's 
financial reports.  
Change in the presentation of the financial statements 
In conformity with IAS 1 “Presentation of Financial Statements”, Clas Ohlson Group has revised its presentation of  income statement from 
the function of expense method to the nature of expense method. The change took effect as of the interim report for the first quarter of 
2025/26. 
This change has been made to better reflect how management reviews and manages operational performance, meaning simplified 
processes and ways of working. Furthermore, this is expected to enable clearer information regarding significant cost categories. 
To ensure comparability, the income statement for comparative period and quarters 2024/25 have been restated to reflect this change. 
Restated figures are presented below, as well as for additional periods and for the parent company on Clas Ohlson’s website 
about.clasohlson.com 
The switch from the function of expense method to nature of expense method has no impact on Clas Ohlson’s net sales and operating 
result, and consequently no impact on the company’s financial targets. 
The main effects are attributable to the reallocation of sourcing and supply costs and affects gross margin. Costs related to the handling 
and distribution of products were previously included in cost of goods sold under the function of expense method. Following the transition, 
these costs have been reallocated primarily to the categories of personnel expenses, other external expenses, and 
depreciation/amortisation and write-down of tangible and intangible assets. 
 2024/25  2024/25 
 Q4 Q3 Q2 Q1  Full year 
   Feb 2025  Nov 2024  Aug 2024  May 2024   
 
May 2024  
MSEK (Restated)  - Apr 2025  -Jan 2025  -Oct 2024  - Jul 2024    - Apr 2025  
Net sales 2,343.0  3,859.5  2,800.9  2,623.2   11,626.7  
           
Goods for resale -1,220.9  -2,128.3  -1,511.0  -1,460.6   -6,320.8  
Personnel expenses -582.4  -671.1  -551.5  -535.8   -2,340.7  
Other external expenses* -246.6  -317.3  -242.7  -236.9   -1,043.6  
Depreciation/amortisation of tangible and intangible assets* -184.0  -189.3  -187.2  -187.3   -747.7  
Other operating income and expenses -0.7  -1.0  -1.2  0.1   -2.7  
Total expenses -2,234.5  -3,307.0  -2,493.6  -2,420.5   -10,455.5   
           
Operating result 108.5  552.5  307.4  202.8   1,171.2  
           
Financial income 5.9  6.1  2.1  2.2   16.3  
Financial expenses -17.4  -17.2  -17.2  -17.8   -69.6  
Profit after financial items 97.0  541.5  292.2  187.1   1,117.9  
           
Income tax -17.2  -115.1  -62.1  -41.3   -235.7  
Profit for the period 79.8  426.4  230.1  145.8   882.2  
Profit for the period attributable to:       
Owners of the Parent Company 79.8  426.4  230.1  145.8   882.2  
Non-controlling interests -  - - -  - 
 
*Depreciation for the third quarter has been reclassified by 7.5 MSEK to -189.3 MSEK, compared to the previously reported amount of -196.8 MSEK. The reclassification has 
resulted in a corresponding adjustment to other external costs. This reclassification has had no impact on the quarterly result.

===== SIDA 14 =====

FINANCIAL STATEMENTS  
 
CLAS OHLSON INTERIM REPORT Q 3  2025/26                      14  
 
  
2024/25 2024/25 
  
Q4 Q3 Q2 Q1 Full year 
  Feb 2025  Nov 2024  Aug 2024  May 2024   May 2024  
Gross profit, MSEK  
  - Apr 2025  -Jan 2025  -Oct 2024  - Jul 2024   - Apr 2025  
Net sales  2,343.0  3,859.5  2,800.9  2,623.2  11,626.7  
Goods for resale   -1,220.9  -2,128.3  -1,511.0  -1,460.6  -6,320.8  
Gross profit  1,122.1  1,731.2  1,289.9  1,162.7  5,305.9  
 
Gross margin, %  
            
Gross profit  1,122.1  1,731.2  1,289.9  1,162.7  5,305.9  
Net sales   2,343.0  3,859.5  2,800.9  2,623.2  11,626.7  
Gross margin  47.9% 44.9% 46.1% 44.3% 45.6% 
 
 
 
Note 2 Risks and uncertainties 
Clas Ohlson's operations involve exposure to risks that, to varying degrees, can negatively impact the Group. These risks are categorized as 
strategic, operational, financial and sustainability risks. The risk landscape can change rapidly, and work is continuously b eing done to 
update risk assessments and ensure effective management. Through proactive risk management, risks can be transformed into 
opportunities and contribute value to the business. 
For a detailed description of the Group's significant risk and uncertainty factors, please refer to the section 'Risks and Uncertainties' in the 
Annual Report for 2024/25, pages 55-59. During the quarter, no significant changes have occurred in the Group's risk profile.

===== SIDA 15 =====

FINANCIAL STATEMENTS  
 
CLAS OHLSON INTERIM REPORT Q 3  2025/26                      15  
 
Note 3 Segment reporting and distribution of sales 
The Group’s operations are divided into segments based on how the Group’s senior executives follow up performance and assigns 
resources. The categorization reflects the Group’s organization and shared processes such as purchasing, logistics, sales, etc.  and the 
Group’s operations are organized into one segment. Internal monthly follow up focuses on the Group as a whole, with complementary 
geographic sales and non-current assets information. The performance measure presented represent the key performance measures by 
which the operations are evaluated.  
 
 
Note 4 Other operating income and operating expenses 
 
 
Nov 2025 Nov 2024 May 2025 May 2024
MSEK - Jan 2026 - Jan 2025 - Jan 2026 - Jan 2025
Net sales 4,079.7 3,859.5 9,903.2 9,283.6
Net sales by geographic markets:
Sweden 1,913.1 1,766.8 4,643.6 4,264.4
Norway 1,685.1 1,609.0 4,061.9 3,752.7
Finland 410.0 397.0 982.0 963.9
Other markets 71.5 86.7 215.8 302.7
Net sales by stores and online:
Stores 3,237.1 3,142.2 7,947.1 7,545.7
Online 842.6 717.3 1,956.1 1,737.9
Depreciation and amortisation: intangible and tangible assets -44.5 -48.5 -127.7 -147.0
Depreciation: right-of-use assets -134.3 -148.3 -412.6 -424.3
Operating profit 658.9 552.5 1,346.7 1,062.6
Net financial items -10.9 -11.0 -36.9 -41.8
Profit after financial items 648.0 541.5 1,309.8 1,020.9
Tax -133.9 -115.1 -279.6 -218.5
Profit for the period 514.1 426.4 1,030.2 802.3
Assets
Non-current assets (excl. deferred tax) 3,199.8 2,903.4 3,199.8 2,903.4
Sweden 2,197.1 1,780.4 2,197.1 1,780.4
Norway 767.5 839.5 767.5 839.5
Finland 228.0 279.8 228.0 279.8
Other countries 7.2 3.7 7.2 3.7
Current assets 4,615.5 3,819.9 4,615.5 3,819.9
Investments
Intangible assets -14.2 -8.5 -38.3 -17.1
Tangible assets -16.9 -17.6 -74.5 -83.3
3 Months 9 Months
Segment
Retail
Segment
Retail
LTM Full year
Nov 2025 Nov 2024 May 2025 May 2024 Feb 2025 May 2024
MSEK - Jan 2026 - Jan 2025 - Jan 2026 - Jan 2025 - Jan 2026 - Apr 2025
Other operating income
Profit on sale of tangible assets - 0.1 - 0.2 -0.0 0.2
Total - 0.1 - 0.2 -0.0 0.2
Other operating expenses
Loss on sale or disposal of tangible assets -0.5 -1.1 -1.2 -2.2 -1.8 -2.9
Total -0.5 -1.1 -1.2 -2.2 -1.8 -2.9
3 Months 9 Months

===== SIDA 16 =====

FINANCIAL STATEMENTS  
 
CLAS OHLSON INTERIM REPORT Q 3  2025/26                      16  
 
Note 5 Business acquisitions 
Financial year 2025/26 
Clas Ohlson Group has acquired 70% of the shares in Phonelife AB, with closing date on 25 November 2025. The initial purchase 
consideration paid amounted to 70 MSEK. A further 40 MSEK will be paid during the fourth quarter (earn-out for the period September–
December 2025). Both Clas Ohlson and the respective non-controlling shareholders can invoke a purchase or a sale through call and put 
options. The remaining 30% of the shares will be acquired after three years at 10x EBITA based on the outcome for 2028. As a result, a  
liability to management has been recognised amounting to 147 MSEK. Consequently, Clas Ohlson does not recognise any non-controlling 
interest within equity. The purchase price for 100% of the shares has been calculated at 217 MSEK. 
Clas Ohlson Group has acquired 70% of the shares in Reservdelaronline Sverige AB, with closing date on 25 November 2025. The initial 
purchase consideration paid amounted to 38 MSEK. Both Clas Ohlson and the respective non-controlling shareholders can invoke a 
purchase or a sale through call and put options. The remaining 30% of the shares will be acquired after three years at 8x EBITDA based on 
the outcome for 2028. As a result, a liability to management has been recognised amounting to 33 MSEK. The purchase price for 100% of 
the shares has been calculated at 70 MSEK. 
Both acquisitions are additional acquisitions to Clas Ohlson’s subsidiary Spares Nordic AB and were financed with existing cash and cash 
equivalents. 
Phonelife conducts online sales of electronic products and accessories through the sales channels Phonelife and Teknikmagasinet. 
Reservdelaronline conducts online sales of spare parts through the sales channel Reservdelaronline.se. Both companies will co ntinue to be 
operated as separate entities under a decentralised structure and are consolidated in the Clas Ohlson Group as of 1 December 2025.  
Phonelife was founded in 2012 and has grown rapidly in recent years, particularly following the acquisition of Teknikmagasine t in 2024. The 
product range comprises approximately 26,000 electronic and accessory products. Sales are made through Phonelife and 
Teknikmagasinet to customers in Sweden, Norway, Finland, Denmark, Germany and the Netherlands. The company has 30 employees.  
Reservdelaronline has operated under its current business model since 2017. The company primarily sells spare parts for garde n machinery 
and lawnmowers via its e-commerce site and offers approximately 8,000 items in-stock assortment, as well as access to more than 
100,000 products in the extended assortment. The company has seven employees. 
The acquisitions of Phonelife AB and Reservdelaronline Sverige AB contributed 43 MSEK to the Group’s net sales during the quarter. Had 
the acquisitions been consolidated from the beginning of the fiscal year, the contribution to the Group’s net sales would have been 203 
MSEK. Acquisition-related costs of 2 MSEK are included in other external expenses. 
In the preliminary allocation of the purchase price, identifiable assets and liabilities are measured at fair value. Fair value adjustments, in 
addition to goodwill, have been identified in trademarks and customer relationships. These have been valued at 35 MSEK and are subject to 
amortisation and deferred tax. The difference between the purchase price and the acquired net assets, including trademarks and customer 
relationships, was recognised as goodwill. Goodwill is not amortised but is tested annually for impairment. Such impairment of goodwill is 
not considered to be tax deductible. 
The table below presents the fair values according to the preliminary acquisition analysis. 
 
 
Financial year 2023/24 
During the financial year 2023/24, Spares Europe AB and its subsidiaries were acquired. At the acquisition date, 91.4% of the shares in 
Spares Europe AB were acquired. A call and put option for the remaining shares was agreed upon, which can be exercised by either Clas 
Ohlson or the other shareholders after the financial year 2025/26. Consequently, a liability to the other shareholders amounting to 40.5 
MSEK has been recognized, as detailed in Note 6.  
Fair value according to preliminary acquisition analysis (MSEK) Total
Customer relationships 13.0
Trademarks 22.3
Non-current assets 6.6
Current assets 27.6
Cash and cash equivalents 16.9
Deferred tax liability¹ -7.6
Current liabilities -30.1
Total identifiable net assets 48.7
238.8
287.5
Cash purchase price (70% shareholding) 107.9
Cash and cash equivalents -16.9
91.0
¹The acquired entity reported untaxed reserves (tax allocation reserves) under Swedish GAAP. 
In accordance with IFRS, these have been reclassified into deferred tax liabilities and equity.
Net cash outflow from acquisition of subsidiaries
Goodwill
Total identifiable net assets including Goodwill

===== SIDA 17 =====

FINANCIAL STATEMENTS  
 
CLAS OHLSON INTERIM REPORT Q 3  2025/26                      17  
 
Note 6 Financial Instruments 
The valuation at fair value is determined based on the valuation levels in IFRS 13: Level 1 (quoted market prices), Level 2 ( observable data), 
and Level 3 (unobservable inputs).  
Financial assets and liabilities  
 
Derivatives and hedging instruments 
Derivatives and hedging instruments consists entirely of forward contracts used for hedging purposes. All derivatives are measured at fair 
value, determined by using the exchange rate for currency forwards on the balance sheet date (Level 2). Forward contracts are  
continuously entered into with a maturity of three to nine months. The company hedges half of the expected flow in each currency on an 
ongoing basis. Forward contracts with negative market values are reported under current liabilities, while forward contracts with positive 
market values are reported under current assets. 
Forward contracts 
As of the balance sheet date, outstanding cash flow hedges existed as shown in the following table per currency pair.  
 
 
Currency hedging results 
Spot exchange rates during the quarter for key currencies averaged 0.92 for NOK and 9.31 for USD compared with 0.98 and 10.99 
respectively in the year-earlier period. Currency hedging in NOK that expired during the quarter resulted in a positive impact of 4 MSEK (-2) 
on earnings. Currency hedging in USD resulted in an increase of inventory value by 5 MSEK (-10). 
During the nine-month period, spot exchange rates for key currencies averaged 0.94 for NOK and 9.46 for USD compared with 0.98 
respectively 10.65 in the year earlier period. Currency hedging in NOK that fell due during the period had a positive impact of 22 MSEK (2) 
on earnings. Currency hedging in USD resulted in an increase inventory value by 64 MSEK (-11).  
 
 
  
31 Jan 31 Jan
MSEK Level 2026 2025
Financial assets measured at fair value
Shares Mathem 3 0.0 0.0
Derivatives and hedging instruments 2 1.1 13.8
Financial liabilities measured at fair value
Derivatives and hedging instruments 2 25.4 2.7
Financial liabilities measured at amortised cost
Call and put option* 221.1 40.5
*The acquisition of Spares Group
31 Jan 31 Jan
Sell/buy 2026 2025
NOK/SEK -0.9 -2.0
NOK/USD -23.4 13.1
Total -24.3 11.1
The amount for forward contracts NOK/USD are allocated as follows:
NOK/SEK 2.9 -2.2
SEK/USD -26.3 15.3
Total -23.4 13.1

===== SIDA 18 =====

FINANCIAL STATEMENTS  
 
CLAS OHLSON INTERIM REPORT Q 3  2025/26                      18  
 
Alternative performance measures 
Below is a reconciliation of alternative performance measures (APMs), which are not defined in accordance with IFRS, to the c losest 
reconcilable items in the financial statements. Clas Ohlson believes that the APMs are relevant to the users of the financial statements as a 
supplement to assess Clas Ohlson's performance. Management uses these APMs to evaluate current operations compared with previ ous 
results, for internal planning and forecasting, and for calculating certain performance-related remuneration. The presentation of APMs has 
limitations as an analytical tool and should not be considered in isolation or as a substitute for financial measures prepare d in accordance 
with IFRS. The APMs presented in this quarterly report may differ from similarly titled measures used by other companies.  
Key ratio Definition Purpose 
Return on equity Net profit for the period expressed as a 
percentage of average equity. Average 
equity is calculated as the total equity for 
the most recent 12 months divided by 12. 
Return on equity is a measure of profitability in 
relation to the book value of equity. Return on 
equity is also a measure of how investments are 
used to generate increased income. 
Return on capital employed Operating profit plus financial income 
expressed as a percentage of average 
capital employed. Average capital employed 
is calculated as the total capital employed 
for the most recent 12 months divided by 12. 
Return on capital employed is a measure of 
profitability after taking into account the amount 
of capital used. A higher return on capital 
employed indicates that capital is being used 
more efficiently. 
Gross margin Gross profit divided by net sales for the 
period. 
The gross margin shows the difference between 
net sales and cost of goods for resale as a 
percentage of net sales. The gross margin is 
affected by a number of factors, such as product 
mix, price developments and cost changes. 
Gross profit Gross profit is calculated as the total of net 
sales less cost of goods for resale. 
Gross profit shows the difference between net 
sales and cost of goods for resale. Gross profit is 
affected by a number of factors, such as product 
mix, price developments and cost changes. 
EBITDA Operating profit/loss before interest, tax, 
depreciation and amortisation. 
EBITDA shows profitability before depreciation, 
amortisation, interest and income tax. 
EBITDA excl IFRS 16 Operating profit/loss before interest, tax, 
impairment, depreciation and amortisation 
excluding effect on operating expenses 
according to IFRS 16. 
Facilitates comparability of the operational 
performance excluding the accounting effects 
arising from the application of IFRS 16. 
EBITA Operating profit before interest, tax, 
impairment and amortisation of acquisition 
related intangible assets. 
EBITA shows profitability before amortisation and 
impairment of acquisition-related intangible 
assets, interest and income tax. 
Equity per share Equity divided by the number of shares 
outstanding at the end of the period. 
Equity per share measures a company's net worth 
per share and determines whether a company is 
increasing shareholder wealth over time. 
Free cash flow Cash flow after investing activities including 
repayments of lease liabilities. 
Free cash flow provides a measure of the current 
net flow from operating activities, to be used for 
future investments, dividends, etc. 
Sales growth Net sales in relation to net sales during the 
year-earlier period. 
The change in net sales reflects the company's 
realised sales growth over time. 
Online sales growth 
 
Online net sales in relation to online net 
sales during the year-earlier period. 
The change in online net sales reflects the 
company's realised online net sales growth over 
time. 
Online sales growth excl aquisitions Net sales online in relation to net sales 
online during the corresponding period of 
the previous year, excluding acquisitions 
made in the past twelve months.  
 
 
Change in online net sales reflects the company’s 
realised online sales growth over time, excluding 
acquired companies.

===== SIDA 19 =====

FINANCIAL STATEMENTS  
 
CLAS OHLSON INTERIM REPORT Q 3  2025/26                      19  
 
Key ratio Definition Purpose 
Cash flow from operating activities 
per share 
Cash flow from operating activities divided 
by the average number of shares before 
dilution. 
Cash flow from operating activities per share 
measures the cash flow generated by the 
company per share before capital expenditure 
and cash flows attributable to the company's 
financing. 
Net debt Interest-bearing liabilities less cash and 
cash equivalents. 
Net debt shows the company's indebtedness over 
time. 
Net debt excl IFRS 16 Interest-bearing liabilities excluding 
interest-bearing lease liabilities less cash 
and cash equivalents. 
Facilitates comparability of the operational 
performance excluding the accounting effects 
arising from the application of IFRS 16. 
Net debt/EBITDA Net debt divided by EBITDA for the last 12 
months. 
Net debt/EBITDA measure the Group’s financial 
strength and its ability to manage debt in relation 
to operating cash flow generation. 
Net debt/EBITDA excl. IFRS 16 Net debt divided by EBITDA for the last 12 
months, excluding interest-bearing lease 
liabilities and the impact on operating 
expenses related to IFRS 16. 
Facilitates comparability of operational 
performance by excluding accounting effects 
arising from IFRS 16. 
Organic growth Sales growth in local currencies, excluding 
acquisitions. 
Facilitates comparability of sales between 
periods. 
Working capital The total of current assets, minus cash and 
cash equivalents (inventories and current 
receivables), less current non-interest 
bearing liabilities. 
Working capital is used to measure the firm's 
ability to meet short-term capital requirements. 
Operating margin Operating profit divided by net sales for the 
period. 
The operating margin shows the operating profit 
as a percentage of net sales and indicates the 
operational profitability. 
Operating profit excl IFRS 16 Operating profit comprises profit before 
financial items and tax excluding effects on 
operating expenses according to IFRS 16. 
Facilitates comparability in analyses that include 
years before IFRS 16 was applied. 
Equity/assets ratio Equity at the end of the period divided by 
the balance sheet total (total assets). 
A high equity/assets ratio provides the financial 
room for manoeuvre and independence needed 
to conduct business and manage fluctuations in 
working capital, as well as the ability to take 
advantage of business opportunities. 
Equity/assets ratio excl IFRS 16 Equity at the end of the period divided by 
the balance sheet total (total assets) 
excluding effects relating to equity and 
interest bearing lease assets according to 
IFRS 16. 
Facilitates comparability of the operational 
performance excluding the accounting effects 
arising from the application of IFRS 16. 
Capital employed Balance sheet total (total assets) less 
current liabilities and non-current liabilities, 
non-interest bearing liabilities. 
Capital employed measures a company's ability to 
meet the needs of its business beyond cash and 
cash equivalents. 
Total comprehensive income Total comprehensive income divided by 
average number of shares before dilution. 
Total comprehensive income per share shows the 
total comprehensive income in relation to the 
average number of shares before dilution 
Earnings per share (before and after 
dilution) 
Profit for the period divided by the number 
of shares (before and after dilution). 
 
Defined in accordance with IFRS.

===== SIDA 20 =====

FINANCIAL STATEMENTS  
 
CLAS OHLSON INTERIM REPORT Q 3  2025/26                      20  
 
 
 
 
 
 
 
 
 
 
 
  
R12 Helår
Nov 2025 Nov 2024 May 2025 May 2024 Feb 2025 May 2024
Return on equity, % - Jan 2026 - Jan 2025 - Jan 2026 - Jan 2025 - Jan 2026 - Apr 2025
Net profit for the period, MSEK – – – – 1,110.0 882.2
Average equity, MSEK – – – – 2,583.6 2,150.9
Return on equity – – – – 43.0% 41.0%
3 Months 9 Months
Return on capital employed, %
Operating profit, MSEK – – – – 1,455.2 1,171.2
Interest income, MSEK – – – – 27.5 16.3
Average capital employed, MSEK – – – – 4,386.6 3,873.3
Return on capital employed – – – – 33.8% 30.7%
Gross margin, %
Gross profit, MSEK 1,911.0 1,731.2 4,662.6 4,183.7 5,784.7 5,305.9
Net sales, MSEK 4,079.7 3,859.5 9,903.2 9,283.6 12,246.2 11,626.7
Gross margin 46.8% 44.9% 47.1% 45.1% 47.2% 45.6%
Gross profit, MSEK
Net sales 4,079.7 3,859.5 9,903.2 9,283.6 12,246.2 11,626.7
Goods for resale -2,168.6 -2,128.3 -5,240.6 -5,099.9 -6,461.5 -6,320.8
Gross profit 1,911.0 1,731.2 4,662.6 4,183.7 5,784.7 5,305.9
Equity per share, SEK
Total equity, MSEK 2,992.7 2,378.2 2,992.7 2,378.2 2,992.7 2,400.3
Number of shares at end of period (millions of share) 63.56 63.45 63.56 63.45 63.56 63.45
Equity per share 47.08 37.48 47.08 37.48 47.08 37.83
EBITDA, MSEK
Operating profit 658.9 552.5 1,346.7 1,062.6 1,455.2 1,171.2
Depreciation, amortisation and write-down 178.8 196.8 540.2 571.2 716.7 747.7
EBITDA 837.7 749.3 1,886.9 1,633.9 2,171.9 1,918.9
EBITDA excl IFRS 16, MSEK
Operating profit excl IFRS 16 643.1 533.8 1,298.6 1,010.3 1,383.8 1,095.5
Depreciation, amortisation and write-down excl IFRS 16 44.5 48.5 127.7 147.0 173.7 193.1
EBITDA excl IFRS 16 687.5 582.2 1,426.3 1,157.3 1,557.5 1,288.6
EBITA, MSEK
Operating profit 658.9 552.5 1,346.7 1,062.6 1,455.2 1,171.2
Amortisation on acquisition-related intangible assets 5.6 3.5 12.6 10.4 15.9 13.8
EBITA 664.5 556.0 1,359.3 1,073.1 1,471.1 1,185.0
Free cash flow, MSEK
Cash flow from operating activities 1,539.9 1,347.9 2,091.4 1,878.1 2,043.4 1,830.0
Cash flow from investing activities -122.1 -26.1 -203.8 -104.9 -255.5 -156.6
Lease payments -127.3 -146.6 -395.0 -421.8 -532.5 -559.3
Free cash flow 1,290.5 1,175.2 1,492.6 1,351.4 1,255.4 1,114.1
Net sales growth, %
Net sales actual period, MSEK 4,079.7 3,859.5 9,903.2 9,283.6 12,246.2 11,626.7
Net sales previous period, MSEK 3,859.5 3,411.9 9,283.6 8,065.2 11,450.3 10,231.9
Net sales growth 5.7% 13.1% 6.7% 15.1% 7.0% 13.6%

===== SIDA 21 =====

FINANCIAL STATEMENTS  
 
CLAS OHLSON INTERIM REPORT Q 3  2025/26                      21  
 
 
 
 
 
 
 
 
 
 
  
R12 Helår
Nov 2025 Nov 2024 May 2025 May 2024 Feb 2025 May 2024
Net sales growth online, % - Jan 2026 - Jan 2025 - Jan 2026 - Jan 2025 - Jan 2026 - Apr 2025
Net sales online actual period, MSEK 842.6 717.3 1,956.1 1,737.9 2,449.2 2,231.0
Net sales online previous period, MSEK 717.3 589.2 1,737.9 1,139.2 2,151.9 1,553.2
Net sales growth online* 17.5% 21.7% 12.6% 52.5% 13.8% 43.6%
3 Months 9 Months
*As from November 2024, acquired net sales from the Spares Group are included
Net sales growth online excl aquisitions, %
Net sales online excl aquisitions actual period, MSEK 799.1 717.3 1,912.6 1,737.9 2,405.8 2,231.0
Net sales online excl aquisitions previous period, MSEK 717.3 589.2 1,737.9 1,139.2 2,151.9 1,553.2
Net sales growth online excl acquisitions 11.4% 21.7% 10.1% 52.5% 11.8% 43.6%
Cash flow from operating activities per share, SEK
Cash flow from operating activities, MSEK 1,539.9 1,347.9 2,091.4 1,878.1 2,043.4 1,830.0
Number of shares before the dilution (millions of share) 63.56 63.45 63.51 63.41 63.49 63.42
Cash flow from operating activities per share 24.23 21.24 32.93 29.62 32.18 28.86
Net debt, MSEK
Interest bearing liabilities - - - - 1,873.5 1,701.3
Cash and cash equivalents - - - - 2,057.0 1,010.7
Total Net debt - - - - -183.6 690.6
Net debt excl IFRS 16, MSEK
Interest bearing liabilities excl lease liabilities - - - - 0,0 0,0
Cash and cash equivalents - - - - 2,057.0 1,010.7
Total Net debt excl IFRS 16 - - - - -2,057.0 -1,010.7
Net debt/EBITDA ratio
Net debt, MSEK - - - - 183.6 690.6
EBITDA, MSEK - - - - 2,171.9 1,918.9
Total Net debt/EBITDA - - - - -0.1 0.4
Net debt/EBITDA excl IFRS 16 ratio
Net debt excl IFRS 16, MSEK - - - - -2,057.0 -1,010.7
EBITDA excl IFRS 16, MSEK - - - - 1,557.5 1,288.6
Total Net debt/EBITDA excl IFRS 16 - - - - -1.3 -0.8
Organic growth, %
Net sales (recalculated to the previous year's exchange rate), MSEK 4,204.2 3,849.4 10,137.3 8,727.4 12,525.4 10,921.7
Acquired net sales, MSEK 43.5 - 43.5 - 43.5 -
Net sales previous period, MSEK 3,859.5 3,411.9 9,283.6 7,886.5 11,450.3 9,884.6
Organic growth* 7.8% 12.8% 8.7% 10.7% 9.0% 10.5%
*As from November 2024, Spares Group's monthly sales are included in the organic growth
Working capital, MSEK
Total current assets 4,615.5 3,819.9 4,615.5 3,819.9 4,615.5 3,608.0
-Cash and cash equivalents -2,057.0 -1,252.0 -2,057.0 -1,252.0 -2,057.0 -1,010.7
-Current liabilities, non-interest bearing -2,643.4 -2,406.5 -2,643.4 -2,406.5 -2,643.4 -2,150.1
Working capital -84.9 161.4 -84.9 161.4 -84.9 447.2

===== SIDA 22 =====

FINANCIAL STATEMENTS  
 
CLAS OHLSON INTERIM REPORT Q 3  2025/26                      22  
 
 
 
 
 
 
 
 
 
 
R12 Helår
Nov 2025 Nov 2024 May 2025 May 2024 Feb 2025 May 2024
Operating margin, % - Jan 2026 - Jan 2025 - Jan 2026 - Jan 2025 - Jan 2026 - Apr 2025
Operating profit, MSEK 658.9 552.5 1,346.7 1,062.6 1,455.2 1,171.2
Net sales, MSEK 4,079.7 3,859.5 9,903.2 9,283.6 12,246.2 11,626.7
Operating margin 16.2% 14.3% 13.6% 11.4% 11.9% 10.1%
3 Months 9 Months
Operating profit excl IFRS 16, MSEK
Operating profit 658.9 552.5 1,346.7 1,062.6 1,455.2 1,171.2
IFRS 16-effect -15.9 -18.8 -48.1 -52.3 -71.4 -75.7
Operating profit excl IFRS 16 643.1 533.8 1,298.6 1,010.3 1,383.8 1,095.5
Equity/assets ratio, %
Total equity, MSEK 2,992.7 2,378.2 2,992.7 2,378.2 2,992.7 2,400.3
Total assets, MSEK 7,891.5 6,793.8 7,891.5 6,793.8 7,891.5 6,488.9
Equity/Assets ratio 37.9% 35.0% 37.9% 35.0% 37.9% 37.0%
Equity/assets ratio excl IFRS 16, %
Total equity excl IFRS 16, MSEK 3,080.5 2,470.0 3,080.5 2,470.0 3,080.5 2,483.3
Total assets excl IFRS 16, MSEK 6,105.8 5,075.9 6,105.8 5,075.9 6,105.8 4,870.7
Equity/assets ratio excl IFRS 16 50.5% 48.7% 50.5% 48.7% 50.5% 51.0%
Capital employed, MSEK
Total assets 7,891.5 6,793.8 7,891.5 6,793.8 7,891.5 6,488.9
Non-current liabilities, non-interest bearing -342.5 -199.4 -342.5 -199.4 -342.6 -237.2
Current liabilities, non-interest bearing -2,643.4 -2,406.5 -2,643.4 -2,406.5 -2,643.3 -2,150.1
Capital employed 4,905.5 4,187.9 4,905.5 4,187.9 4,905.5 4,101.6
Total comprehensive income per share, SEK
Total comprehensive income for the period, MSEK 486.2 424.7 1,017.2 785.5 1,036.5 804.8
Average number of shares before dilution (millions of share) 63.56 63.45 63.51 63.41 63.49 63.42
Total comprehensive income per share 7.65 6.69 16.02 12.39 16.33 12.69
Earnings per share (before and after dilution), SEK
Net profit for the period, MSEK 514.1 426.4 1,030.2 802.3 1,110.0 882.2
Number of shares before dilution (millions of share) 63.56 63.45 63.51 63.41 63.49 63.42
Number of shares after dilution (millions of share) 63.95 63.86 63.89 63.78 63.87 63.81
Number of shares before dilution 8.09 6.72 16.22 12.65 17.48 13.91
Number of shares after dilution 8.04 6.68 16.12 12.58 17.38 13.82

===== SIDA 23 =====

THE SHARE  
CLAS OHLSON INTERIM REPORT Q 3  2025/26   
                   23  
 
The share 
Clas Ohlson Series B shares have been listed on Nasdaq Stockholm since 1999 and are 
included in the Consumer Services sector index. On 31 January 2026, the share price was 305 
SEK and the total market capitalisation amounted to 19,387 MSEK. 
Number of shares 
The number of registered shares totalled 65,600,000 (5,760,000 Series A shares and 
59,840,000 Series B shares), unchanged from the preceding year. On 31 January 2026 the 
company held 2,036,009 shares (2,147,196) corresponding to 3.1 per cent of the total number 
of registered shares. At the end of the period, the number of shares outstanding, net after buy-
back, was 63,563,991 (63,452,804). 
Dividend policy 
Clas Ohlson’s dividend policy is that the dividend is to comprise at least 50 per cent of earnings 
per share after tax, taking into account the company’s financial position. 
 
Largest shareholders per 31 January 2026 
 
 
Owner CLAS A CLAS B Capital Votes
Haid family 3,023,880 11,538,913 22.2% 35.6%
Tidstrand family 2,736,120 6,804,828 14.5% 29.1%
Nordea Funds 6,295,292 9.6% 5.4%
American Century Investment Management 1,857,976 2.8% 1.6%
Swedbank Robur Fonder 1,756,272 2.7% 1.5%
Total top 5 5,760,000 28,253,281 51.9% 73.1%
Other shareholders 31,586,719 48.2% 26.9%
Total 5,760,000 59,840,000 100.0% 100.0%
Shares owned by Clas Ohlson 2,036,009 3.1% 1.7%
Share data 
Listing Nasdaq Stockholm 
Large Cap 
Ticker Clas B 
Industry Consumer Services 
ISIN code SE0000584948

===== SIDA 24 =====

CLAS OHLSON I KORTHET  
 
 
Update on store network  
Clas Ohlson’s ongoing review of the store network takes into consideration the market conditions, new customer behaviour patterns, 
demand projections and contracts signed with property owners. On the reporting date, the number of contracted forthcoming sto re 
openings was 7 and the total number of stores was 244 (238). 
 
Openings/closings after the reporting period 
• Norway, Os, Amfi Os, scheduled to open March 2026 
• Sweden, Kalmar, Kvarteret Giraffen, scheduled to open April 2026 
• Sweden, Värnamo, Galleria Flanaden, scheduled to open April 2026 
• Finland, Tampere, Lielahti, scheduled to open April 2026 
• Sweden, Västerås, Hälla, scheduled to open April 2026 
• Sweden, Söderhamn, E-center, scheduled to open June 2026 
• Finland, Joensuu, Raatekangas, scheduled to open autumn 2026 
 
 
 
 
 
Stores per market on the reporting date 
Sweden  
104 
 
Norway  
102 
 
Finland  
38 
This is information that Clas Ohlson AB (publ) is obliged to publish pursuant to the EU Market Abuse Regulation. This information was 
submitted for publication, through the agency of the contact person set out below, on 11 March 2026 at 7:00 a.m. (CET). 
This Interim report is an English translation of the Swedish original. In the event of any discrepancies, the Swedish version shall govern. 
 
 
    
 Financial calendar  
 Q3 presentation 11 March 09.00 CET 
The report will be presented at 9:00 a.m. via a webcast teleconference. For more information, visit 
https://about.clasohlson.com 
 
 
3 June 2026 Year-end report Q4 2025/26 Contact person:  
Niklas Carlsson, Head of External Communications 
and IR, +46 247 444 29, 
niklas.carlsson@clasohlson.se 
 
 
3 September 2026 Interim report Q1 2026/27 
 
 
11 September 2026 Annual General Meeting 
 
 
3 December 2026 Interim report Q2 2026/27