Bli medlem
Bli medlem

Du är här

2022-06-08

Clas Ohlson presents adjusted financial targets at Capital Markets Day

Clas Ohlson is arranging a Capital Markets day today where President and CEO Kristofer Tonström, together with parts of Group Management, will present the company's updated strategy and priorities, including in-depth insights into how the company is working with sustainability, assortment and sales channels. In addition, the company's adjusted financial targets will be presented.

"We know that the financial year we have recently started is filled with challenges, but these challenges we share with the entire retail industry and it is my firm belief that we have great opportunities to strengthen our position. With the strategic priorities and the updated financial targets that we present at the Capital Markets Day, we also emphasize that we intend to grow responsibly," says Kristofer Tonström, President and CEO, Clas Ohlson.

Updated financial targets and framework:

Sales Operating margin Dividend Net
policy debt/EBITDA
5% 7-9% >50% <2x
Clas Ohlson The company is Dividends are Net debt in
targets to achieve targeting a to comprise relation to
an reported at least 50% EBITDA is
annual organic operating margin* of earnings to be below
sales growth of 5% of 7-9% per year per share two times.
per * i.e incl IFRS16 after tax, Investments
year with are to be
consideration made in
for the line with
company's the
financial company's
position financial
position,
cash flow
and credit
facility

To watch the live-stream of the Capital Markets Day, please see:  https://about.clasohlson.com/en/investors/reports-and-presentations/20212022/capital-market-day-2022/capital-market-day-2022/

For more information, please contact:
Niklas Carlsson, Group Head of Communications +46 247 44429, niklas.carlsson@clasohlson.se

This is information that Clas Ohlson AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. This information was submitted for publication, through the agency of the contact person set out above, at 7:00 a.m. CET on 8 June 2022.

Författare Cision