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6 Clas Ohlson First quarter - 1 May to 31 July ● Sales declined by 1 % to 2,056 MSEK ( 2,074 ) , organic growth down 2 % and down 2 % in comparable units Online sales increased by 19 % to 219 MSEK ( 184 ) ● Three - month Report 2021/22 ● Operating profit amounted to 147 MSEK ( 166 ) . Excluding the effect of IFRS 16 , operating profit totalled 128 MSEK ( 147 ) The operating margin was 7.2 per cent ( 8.0 ) . Excluding the effect of IFRS 16 , the operating margin was 6.2 % ( 7.1 ) ● Net debt / EBITDA excluding the effect of IFRS 16 ( 12 months ) amounted to -1.0 times ( -0.5 ) Profit after tax totalled 103 MSEK ( 117 ) Earnings per share amounted to 1.63 SEK ( 1.84 ) ● Sales , MSEK Operating profit , MSEK Operating profit , excl . IFRS 16 , MSEK Profit after tax , MSEK Gross margin , % Operating margin , % Operating margin , excl . IFRS 16 , % Return on capital employed , % Return on equity , % Cashflow from operating activities , MSEK Equity / assets ratio , % Equity / assets ratio , excl . IFRS 16 , % Net debt / EBITDA ratio Net debt / EBITDA excl . IFRS 16 ratio Earnings per share before dilution , SEK Events after the end of the reporting period • Sales in August increased by 3 % to 711 MSEK ( 689 ) , an organic increase of 3 % and an increase of 3 % in comparable units • Online sales in August increased by 22 % to 58 MSEK ( 48 ) * The 2021/22 financial year comprises the period from 1 May 2021 to 30 April 2022 . This is information that Clas Ohlson AB ( publ ) is obliged to make public pursuant to the EU Market Abuse Regulation and the Swedish Securities Market Act . This information was submitted for publication , through the agency of the contact person set out on September 2021 at 07:00 a.m. ( CEST ) . May 2021 - Jul 2021 2,056 147 128 103 39.5 7.2 6.2 399 37.2 56.0 1.63 3 Months May 2020 - Jul 2020 2,074 166 147 117 38.7 8.0 7.1 580 31.9 51.0 1.84 OPERATING PROFIT FOR THE QUARTER ( EXCL IFRS 16 ) Percentage change -1 -11 -13 -11 OPERATING MARGIN FOR R12 ( EXCL IFRS 16 ) 0.8 p.p -0.9 p.p -0.9 p.p 128 MSEK -31 5.3 p.p 5.0 p.p -11 + 6.3 % 12 Months Aug 2020 - Jul 2021 8,266 589 518 408 40.7 7.1 6.3 14.4 19.2 1,107 37.2 56.0 0.9 -1.0 6.44 May 2020 Apr 2021 8,284 608 538 421 40.5 7.3 6.5 15.2 21.0 1,288 35.8 55.2 1.1 -0.7 6.65 Contact person : Niklas Carlsson , Group Head of Communications +46 247 444 29 , niklas.carlsson@clasohlson.se CLAS OHLSON THREE - MONTH REPORT 2021/22 1