Strong quarter for ICA Gruppen
ICA Gruppen's consolidated financial statements include ICA AB as a wholly owned
subsidiary with effect from 27 March 2013 when acquisition of Ahold's shares in
ICA AB was completed.
Second quarter of 2013 in summary
Comparative figures are pro forma and show the second quarter of 2012 as if ICA
and Hakon Invest had been consolidated.
* Consolidated net sales amounted to SEK 25,025 million (25,395) in the second
quarter. Excluding the sold ICA Maxi stores in Norway and adjusted for
currency fluctuations, consolidated net sales rose by 2.4% in the second
* Operating profit amounted to SEK 694 million (616). Operating profit
excluding non-recurring items amounted to SEK 678 million (684). Excluding
the sold Norwegian ICA Maxi stores, which were included last year, and costs
of terminating incentive programmes this year, the Group's earnings were 8%
higher than in the previous year.
* Profit for the period amounted to SEK 320 million (244). Earnings per share
amounted to SEK 1.88 (1.45).
* Strong sales in the Swedish ICA stores.
* ICA Gruppen's SEK 5 billion new issue fully subscribed.
* In June 2013, ICA Gruppen issued bonds worth SEK 5 billion.
ICA Gruppen's CEO Per Strömberg comments the report
ICA Gruppen reports a strong performance in the second quarter. Consolidated net
sales increased by 2.4% compared with pro forma for the same quarter last year,
adjusted for the sold Maxi stores in Norway and currency fluctuations. Operating
profit excluding non-recurring items rose by 8% during the quarter on the same
Taken overall, we are well on our way to delivering in accordance with the
strategic priorities we set for 2013. Good growth in Sweden, combined with the
positive performance for our private labels, are clear examples of this as is
the fact that our preparations for the roll-out of online sales in Sweden during
2014 are proceeding according to plan.
Press and analyst meeting
ICA Gruppen is arranging a press and analyst meeting at Berns, Berzelii Park,
Stockholm on Wednesday, 21 August 2013 at 10.00 CET. CEO Per Strömberg and
Deputy CEO and CFO Sonat Burman-Olsson will present the interim report. The
meeting will be webcast and can be followed at www.icagruppen.se.
For further information, please contact:
Per Strömberg, CEO ICA Gruppen
tel. +46 10 422 50 05
Sonat Burman-Olsson, Deputy CEO and CFO ICA Gruppen
tel. +46 8 561 50 852
Pernilla Grennfelt, IR ICA Gruppen
tel. +46 8 561 50 111
ICA Gruppen press service
tel. +46 70 253 66 60
The information in this interim report is such that ICA Gruppen must disclose
pursuant to the Swedish Securities Market Act and/or the Swedish Financial
Instruments Trading Act. The information was submitted for publication at 07.30
CET on Wednesday, 21 August 2013.
ICA Gruppen AB (publ) is one of the Nordic region's leading retail companies,
with around 2,400 of its own and retailer-owned stores in Sweden, Norway,
Estonia, Latvia and Lithuania. The Group includes the retail companies ICA
Sweden, ICA Norway and Rimi Baltic, ICA Real Estate, which owns and manages
properties and ICA Bank, which offers financial services to Swedish customers.
The Group also includes the fully-owned portfolio companies Forma Publishing
Group and inkClub and partly owned portfolio companies Cervera, Hemtex and Kjell
& Company. For more information see www.icagruppen.se
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