Slide 1: Q1 report
Q1 report 03 September 2026 Kristofer Tonström President & CEO Pernilla Walfridsson CFO 1
Slide 2: Agenda
• Business update • Financial development Agenda • Events after the reporting period • Summary • Q&A 2
Slide 3: Highlights Q1 2026/27
Highlights ✓ Total sales 3,278 MSEK, organic +11% Q1 2026/27 ✓ Operating profit at 393 MSEK ✓ Operating margin +12.0% ✓ Operating cash flow 663 MSEK (468) ✓ ROCE: 34.9% ✓ EPS: 4.75 SEK (3.27) ✓ Strong start to Q2: +8% organic growth in August 3
Slide 4: Business update
Business update 4
Slide 5: The updated financial targets
The updated financial targets – next three years Dividend Sales Operating policy growth margin ROCE* 5% ~12% ~30% >50% Dividends are to comprise at least 50 per cent of earnings per An organic sales An operating margin Return on capital share after tax, with consideration growth of 5 per cent of aro
Slide 6: Our competitive strengths
Our competitive strengths Curated multi-niche Store network at attractive Priority on customer meeting assortment with A-brands and accessible locations and providing qualified and own brands service High degree of assortment Strong, growing and Strong brand with appeal renewal and reinvention profi
Slide 7: Successful product launches and strengthened online presence
Successful product launches and strengthened online presence in Q1 +18% +22% organic share of sales online growth • Some 30 robotic lawn mowers in the assortment • Scaled up from 5 to 12 brands • Rapid sales growth 7
Slide 8: Customer relevance and satisfaction
Customer relevance and satisfaction Product reviews Affordability Q: How affordable do you think the following brands are? Net promoter score 5 200000 60 4.5 150000 55 4 100000 Clas Ohlson 50 4% 63% 33% (SE) 3.5 50000 45 3 0 40 Low price 6% 57% 37% competitors average (SE) No of reviews Score 1-5 No
Slide 9: All consumer missions are growing
All consumer missions are growing Tidy up & Light up & Tech, Connect Home comfort Fix & Repair Organise Decorate & Entertain & Prepping Adjacent product segments Spare parts 9
Slide 10: Financial development
Financial development 10
Slide 11: Sales development above targets
Sales development above targets Q1 • Total sales up 16% to 3,278 MSEK, of which Total sales, MSEK Online sales, MSEK 11% organic, 3% acquisitions and 2% 3,278 734 currency effects 2,623 2,814 494 542 • Online sales up 35% to 734 MSEK, of which 15% acquisitions • The store network increased by 9 stor
Slide 12: Positive development in all markets
Positive development in all markets MSEK MSEK MSEK Sweden Norway Finland 1,531 1,363 1,320 1,163 1,207 1,046 284 258 259 Q1 24/25 Q1 25/26 Q1 26/27 Q1 24/25 Q1 25/26 Q1 26/27 Q1 24/25 Q1 25/26 Q1 26/27 Organic Q1: +11% Q1: +10% Q1: +9% growth: 12
Slide 13: Macro trends with business impact
Macro trends with business impact Spot prices for 40t containers from Asia to Gothenburg $18,000 Factors impacting Clas Ohlson: $16,000 $14,000 • Container shipping costs and raw $12,000 material and commodity prices $10,000 • Currency effects - sales instant $8,000 effects and purchasing with a tim
Slide 14: Improved gross margin
Improved gross margin • Lower purchasing currencies 50% • Improved purchasing prices 48% 47.5% 46.2% 45.7% • Higher sales currency NOK 46% 44.3% 44% 42% 40% 38% 36% 34% 32% 30% Q1 2023/24 Q1 2024/25 Q1 2025/26 Q1 2026/27 14
Slide 15: Financial overview
Personnel expenses, Q1 Financial overview 637 (566MSEK) MSEK Q1 Q1 Other external expenses, Q1 MSEK 26/27 25/26 Operating profit 393 278 338 (261 MSEK) MSEK Depreciation/amortisation of Profit after financial items 383 265 tangible and intangible assets, Q1 189 Profit after tax 302 208 MSEK EPS befo
Slide 16: Well balanced inventory
Well balanced inventory MSEK • Inventory level: 2,671 MSEK (2,508) at the end of 2,866 2,671 the period 2,508 2,480 2,281 Q1 Q2 Q3 Q4 Q1 25/26 25/26 25/26 25/26 26/27 16
Slide 17: Solid cash flow and financial position
Solid cash flow and financial position Q1 Q1 Approved credit facilities 600 MSEK 26/27 25/26 MSEK Cash flow from operating activities, before 512 378 Of which utilised 0 MSEK change in working capital Change in working capital 151 90 ROCE (end of Q1) Cash flow from operating activities 663 468 34.9%
Slide 18: Events after the reporting period
Events after the reporting period 18
Slide 19: August sales development
August sales development • Total sales up 13% to 1,154 MSEK, of which 8% organic, 3% acquisitions and 3% currency Total MSEK effects 1,154 ‒ Sweden +8% organic 1,017 968 ‒ Norway +8% organic ‒ Finland +7% organic ‒ Other markets +9% organic • Store network increased by 9 stores compared to end of Au
Slide 20: Summary
Summary 20
Slide 21: Clear path to continued growth and value creation
Clear path to continued growth and value creation Well positioned in Needs-driven product Central store Strong financial position and focus large and growing assortment and high locations, full-scale on increasing earnings per share product niches. customer satisfaction. e-commerce and over time. ef
Slide 22: Multiple levers to drive sustained compounding growth
Multiple levers to drive sustained compounding growth Leveraging our competitive strengths Assortment Brand Customer meeting • Assortment renewal • Marketing efficiency • New stores and rebuilds • New product niches • Grow in existing and new target • E-com penetration audiences 1l • Private label •
Slide 23: Q&A
Q&A 23
Slide 24: 24
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