Spain’s credit rating upgraded to ’A+’ by S&P on strong growth
Investing.com -- Clas Ohlson shares rose 12.5% in Stockholm on Wednesday after the company reported fiscal first-quarter results that exceeded analyst expectations.
The retailer posted earnings before interest and taxes (EBIT) of SEK278 million for the May to July period, representing a 37% increase year-over-year. This figure beat consensus estimates of SEK249 million compiled by Modular Finance by 11%.
Previously reported revenue for the quarter came in at SEK2,815 million, up 7% compared to the same period last year and 10% at constant exchange rates.
The earnings outperformance was primarily driven by stronger gross margins. Currency hedging in Norwegian krone that expired during the quarter contributed positively, adding SEK12 million compared to a SEK4 million negative impact in the same quarter last year.
The quarterly beat represents approximately 2% of consensus full-year EBIT expectations for fiscal 2025/26.
August sales, which mark the first month of the company’s second quarter, grew 7% year-over-year on an organic basis. This growth rate indicates a slowdown from June (10%) and July (12%), as well as the trailing twelve-month trend of approximately 10%.
Clas Ohlson shares have performed strongly in 2025, rising 56% year-to-date prior to Wednesday’s earnings release.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.