Clas Ohlson Q1 Margin Better Than Expected, August Sales Slightly Weaker, Kepler Cheuvreux Says

• (PLX AI) - Clas Ohlson shares should see a fairly neutral reaction today after Q1 earnings were better than expected but August sales came in slightly weaker, analysts at Kepler Cheuvreux said.
• • Q1 gross margin of 39.5% was 0.6 percentage points higher than expected, Kepler said
• • August sales are affected by normalization in the home furnishing category, while the home improvement category held up better, Kepler said
• • Kepler rates Clas Ohlson buy, with price target SEK 110