ICA Sweden is taking another step in its development of a more modern and efficient logistics network. The warehouse in Helsingborg is being expanded, while the warehouse in Arlöv will be closed. The warehouse in Kungälv will serve as a central warehouse for fresh foods and non-foods. The changes will be implemented beginning in spring 2015 and the new ware house in Helsingborg is scheduled to open in Q3, 2015. The changes are being made to meet future demand for handling of fresh foods, which is increasing at ICA. This also means that ICA's need for outside warehousing services will be reduced as it utilizes its own logistics structure more efficiently. "The changes we are now making are totally in line with ICA's long-term infrastructure plan," says Anders Svensson, CEO of ICA Sweden. "We have to further modernize our logistics operations and improve efficiencies in order to remain successful in the future." ICA Sweden is investing in Helsingborg, where its warehouse will be expanded to a property ICA previously purchased. Around 300 new jobs will be created in Helsingborg. The fresh foods warehouse in Arlöv will be shut down completely after the summer of 2015, affecting 130 logistics positions. All warehouse employees and as many logistics workers as possible will be offered jobs in Helsingborg instead. ICA will also terminate a number of cooperations with outside suppliers. "We fully understand that this concerns many employees. At the same time we are investing long-term in Helsingborg, so it is very positive to be able to make this announcement," says Anders Svensson. As an element in the development of the logistics structure, ICA Real Estate is acquiring the warehouse property Kolven 2 in Helsingborg together with a partner through a joint venture. The seller is Tribona AB. The property value agreed to is SEK 931 million. The closing is expected around 15 August 2013. Kungälv's current stock will be moved to Helsingborg and going forward it will instead serve as a central warehouse for fresh foods and non-foods, mainly media and clothing. For more information, please contact: ICA Gruppen's press service, phone number: +46 70 253 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 14.00 CET on Wednesday, 5 June 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 and the three Baltic countries. 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 the partly owned portfolio companies Cervera, Hemtex and Kjell & Company. For more information, see www.icagruppen.se [HUG#1707342]
ICA continues to develop its logistics structure
| Quelle: ICA Gruppen AB