Annual Report 2012/13 - Clas Ohlson
Annual Report 2012/13 - Clas Ohlson
Annual Report 2012/13 - Clas Ohlson
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Sales<br />
Sales amounted to SEK 6,519 M compared with<br />
SEK 6,260 M in the preceding year, up 4 per cent. In terms<br />
of local currencies, sales increased 5 per cent. Mail order/<br />
Internet sales totalled SEK 122 M (95), up 28 per cent.<br />
<strong>Clas</strong> <strong>Ohlson</strong>’s new e-commerce platform was launched in<br />
the Nordic region and the UK during April to September<br />
<strong>2012</strong>, which had a positive impact on mail order/Internet<br />
sales.<br />
Number of stores<br />
During <strong>2012</strong>/<strong>13</strong>, 17 new stores were opened (18). The<br />
number of stores at the end of the period was 174, of<br />
which 73 were in Sweden, 62 in Norway, 27 in Finland and<br />
12 in the UK.<br />
Operating profit<br />
Operating profit amounted to SEK 431 M (561). The<br />
change was primarily due to lower sales in comparable<br />
stores and lower gross margin compared with the yearearlier<br />
period.<br />
Operating margin<br />
The operating margin was 6.6 per cent (9.0). The change<br />
was primarily due to lower sales in comparable stores and<br />
lower gross margin compared with the year earlier.<br />
Cash flow<br />
Cash flow from operating activities during the financial<br />
year totalled SEK 518 M (965). During the financial year,<br />
SEK 73 M in additional tax was paid, since the rules for<br />
Swedish companies with split financial years were amended<br />
to entail earlier payment of preliminary tax. The difference<br />
in other respects between the years was primarily<br />
due to positive change in working capital for 2011/12, as<br />
a result of significantly reduced inventory values. Cash flow<br />
for the year, after investment and financing activities totalled<br />
SEK 17 M (neg: 23). The cash dividend paid to <strong>Clas</strong><br />
<strong>Ohlson</strong>’s shareholders in <strong>2012</strong> totalled SEK 269 M (239).<br />
Return<br />
The return on capital employed amounted to 23.2 per cent<br />
(27.9) and the return on equity was 18.3 per cent (23.1).<br />
Gross margin<br />
The gross margin was 41.6 per cent, which is 0.5 percentage<br />
points lower than the preceding year (42.1). The<br />
margin was negatively impacted by currency effects and<br />
the sales mix.<br />
Sales, SEK M<br />
Operating profit, SEK M<br />
Number of new stores<br />
7,500<br />
6,000<br />
4,500<br />
3,000<br />
4,930<br />
5,556 5,828<br />
600<br />
500<br />
400<br />
300<br />
200<br />
591<br />
503 507<br />
561<br />
431<br />
25<br />
20<br />
15<br />
10<br />
20<br />
14<br />
19 18<br />
17<br />
1,500<br />
100<br />
5<br />
0<br />
08/09 09/10 10/11 11/12 12/<strong>13</strong><br />
0<br />
6,260 6,519 Comments 59<br />
08/09 09/10 10/11 11/12 12/<strong>13</strong><br />
0<br />
08/09 09/10 10/11 11/12 12/<strong>13</strong>
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