Q2 2024 Clas Ohlson AB Earnings Call Transcript
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(audio in progress) and welcome to the Clas Ohlson Q2 report presentation. My name is Kristofer Tonström; I'm the CEO. And I'm here with Pernilla Walfridsson, CFO. We will do a short presentation before we move into the Q&A. So I'll cover the business updates. Pernilla will take us through the financial development and then I will go through the events after the reporting period and a summary.
So looking into the second quarter, we have delivered a strong sales development with 10% organic growth across the quarter. We've also been able to improve both gross margin and operating profit. And we have continued with our cost-saving programs and thereby also focused on becoming even more efficient and flexible.
The good news is that we see that the growth is broad-based from across all our key categories. And also we have a high amount of new products being launched that also drives sales growth. Also operating cash flow has recovered versus last year. And today, we also reported November where we saw 7%
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