reports
- Simen Aas
Clas Ohlson (Buy, TP: SEK270.00) - 2024e EBIT margin set to exceed 10%
We see strong sales growth supporting Q3e operating leverage, partly offset by slight gross margin headwinds driven by currency effects and higher freight costs. We expect investor focus to be on current trading and the upcoming spring season outlook. We reiterate our BUY and have raised our target price to SEK270 (220) on higher estimates and still-strong earnings momentum (2024–2027e EPS CAGR of c12%).
- Simen Aas
Clas Ohlson (Buy, TP: SEK220.00) - Solid start to 2025
We consider this a solid report for Clas Ohlson, including January sales 8% above consensus and strong organic growth on tough comparables. We expect consensus 2024/25e adj. EBIT to come up c2–5% on the back of the report and believe a positive share price reaction is warranted.
- Simen Aas
Clas Ohlson (Buy, TP: SEK220.00) - Best ever Christmas sales
We consider this a positive report for Clas Ohlson, including December sales above consensus, reflecting record-high Christmas sales despite a tough comparable. We expect consensus 2024/25e adj. EBIT to come up 1–2% on the back of the report and believe a positive share price reaction is warranted.
- Simen Aas
Clas Ohlson (Buy, TP: SEK220.00) - Strong start to high season
Q2 earnings were largely in line with expectations, and the strong sales momentum seen so far this year continued in November, with a good Black Week for the company and a solid start to Christmas sales, which bodes well for Q3, its most important quarter of the year. Although external factors pose a headwind in the coming months, the strong sales momentum, along with a healthy inventory position, should be supportive for continued earnings growth (we forecast EPS growth of 15% for Q3). We reite...
- Simen Aas
Clas Ohlson (Buy, TP: SEK210.00) - Strong start to Christmas sales
We consider this a positive report for Clas Ohlson, including Q2 EBIT slightly below consensus but net profit in line, and very strong current trading, with 13% YOY organic growth in November. We expect consensus 2024/2025e adj. EBIT to come up 2–3% on the back of the report and believe a positive share price reaction is warranted.
- Simen Aas
Clas Ohlson (Buy, TP: SEK210.00) - Well stocked for high season
We see strong sales growth supporting operating leverage in Q2 2024/25, partly offset by still-negative currency and dilutive M&A effects on the gross margin. We expect investor focus to be on current trading and the important Christmas season outlook. We reiterate our BUY and have raised our target price to SEK210 (190) as we continue to like the earnings momentum (2024–2027e EPS CAGR of c28%).
- Simen Aas
Clas Ohlson (Buy, TP: SEK190.00) - Strong growth into high season
We consider this a positive report for Clas Ohlson, including October sales figures above consensus, driven by strong growth in Sweden and Norway. We expect consensus 2024/25e adj. EBIT to come up c1% on the back of the report, and believe a positive share price reaction is warranted.
- Simen Aas
Clas Ohlson (Buy, TP: SEK190.00) - September sales
We consider this a slightly negative report for Clas Ohlson, including September sales c1% below consensus. We expect consensus 2024/25e adj. EBIT to come down c0–1% on the report, and believe a neutral to slightly negative share price reaction is warranted.
Clas Ohlson AB: 1 director
A director at Clas Ohlson AB maiden bought 2,000 shares at 157.950SEK and the significance rating of the trade was 68/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years...
- Simen Aas
Clas Ohlson (Buy, TP: SEK190.00) - Sales momentum continues in Q2
The Q1 results were largely in line with our forecasts and consensus and the strong sales momentum continued into Q2, despite tough comparables. External factors remain a near-term headwind, but we still like the store growth and healthy inventory position ahead of the important autumn/winter season. We reiterate our BUY and SEK190 target price, as we continue to find the valuation attractive.
- Simen Aas
Clas Ohlson (Buy, TP: SEK190.00) - Q1 in line, August sales off to a ...
We consider this a slightly positive report for Clas Ohlson, including Q1 results largely in line with expectations, with a weak gross margin offset by strong cost control, while current trading in August was above consensus. We expect consensus 2024/2025e adj. EBIT to come up 0–2% on the back of the report and believe a positive share price reaction is warranted.
- Simen Aas
Clas Ohlson (Buy, TP: SEK190.00) - Positive sales momentum
Ahead of Clas Ohlson’s Q1 results, we expect the strong sales trends to support operating leverage partly offset by headwinds from negative currency and hedging effects on the gross margin side. That said, we still expect c36% EPS growth in the quarter YOY and continue to like the store expansion momentum, with 12 new stores YOY. We reiterate our BUY and SEK190 target price, as we continue to find the earnings momentum and valuation attractive.
- Simen Aas
Clas Ohlson (Buy, TP: SEK190.00) - Strong July sales figures
We consider this a strong report for Clas Ohlson, including sales 5% above consensus, driven by strong LFL growth. We expect consensus 2024/25e adj. EBIT to come up 2–3% on the results and believe a positive share price reaction is warranted.
- Simen Aas
Clas Ohlson (Buy, TP: SEK190.00) - June sales figures
We consider this a slightly weak report for Clas Ohlson, including sales figures slightly below consensus. We expect consensus 2024/25e adjusted EBIT to come down c1% on the back of the results, and believe a slightly negative share price reaction is warranted.
- Simen Aas
Clas Ohlson - Initiation of coverage - Stacking stores, shelves and sa...
Clas Ohlson is returning to its roots with renewed focus on its Nordic markets and store growth in addition to a revamped assortment, while we believe improving consumer confidence and plenty of available white space should aid further organic growth opportunities. We initiate coverage with a BUY and SEK190 target price.
With a more favourable environment, CLAS OHLSON AB improves to Slightl...
CLAS OHLSON AB (SE), a company active in the Home Improvement Retailers industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 2 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date July 9, 2021, the closing price was SEK 88.40 and its ...
- Ludvig Kapanen
- Ludvig Kapanen
Ford Equity International Rating and Forecast Report
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.