Sales in the Swedish ICA stores fell by 4.9% in March 2014 compared with the
corresponding month last year. In like-for-like stores the sales decrease was
5.3%. Easter is in April in 2014 compared with in March in 2013. Since Easter is
a key holiday in terms of sales, the calendar effect had a negative impact on
sales compared with the previous year.
Store SEKm Change Change SEKm Change Change
sales, all like-for-like all stores like-for-like
excl. VAT stores
Maxi ICA 2,439 -6.7% -6.9% 6,998 -0.2% -0.9%
ICA Kvantum 2,024 -3.9% -5.3% 5,828 0.9% -0.2%
ICA 2,600 -4.3% -4.9% 7,490 -0.5% -1.2%
ICA Nära 1,257 -4.0% -3.0% 3,577 -1.2% -0.1%
Total 8,321 -4.9% -5.3% 23,893 -0.1% -0.7%
In March 2014 sales in the Swedish ICA stores totalled SEK 8,321 million
excluding VAT, which is a decrease of 4.9% compared with the same period in the
previous year. Year-to-date sales total SEK 23,893 million which is marginally
lower, -0,1%, than 2013.
The calendar effect due to Easter is estimated to amount to approximately -6%
for March and
-1,3% for the year-to-date.
At 31 March 2014 the number of ICA stores in Sweden totalled 1,320. The number
of stores decreased by one (ICA Nära) during the month.
Store sales for April will be published on Friday, 9 May 2014 at 08.45 CET. To
see all publication dates in 2014, please visit ICA Gruppen’s website
For more information
ICA Gruppen press service, Telephone number: +46 702 53 66 60
ICA Gruppen discloses the information provided herein pursuant to the Securities
Market Act and/or the Financial Instruments Trading Act. The information was
submitted for publication at 08.45 CET on Tuesday, 8 April 2014.
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 wholly 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
GlobeNewswire, a Nasdaq company, is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.
2321 Rosecrans Avenue.
El Segundo, CA 90245 Phone: (800) 307-6627 Fax: (800) 307-3567
25 Basinghall Street,
London EC2V 5HA
UK Phone: +1 866-465-8454