January 1 - March 31, 2008 * Group revenues amounted to SEK 283 M (154). This represents an increase of 84.1% compared with the same period in 2007. The increase is mainly explained by acquired operations. * Operating profit in the Group, including share of profits of ICA AB, amounted to SEK 30 M (99). * Loss for the period amounted to SEK 26 M (+511). The comparative figure includes positive income tax of SEK 350 M due to the decision by the Swedish Tax Agency during the first quarter of 2007 to allow Hakon Invest a tax deduction relating to earlier losses on a shareholding. Earnings per share amounted to SEK -0.15 (3.18) before and after dilution. * The ICA Group's revenues increased by 13.3%. Operating profit amounted to SEK 259 M (346). * In February, 12.1% of the capital and voting rights in Hemtex was acquired. After the end of the period the holding in Hemtex was increased to 17.3%. For further information, please contact President and CEO Claes-Göran Sylvén +46 8 55 33 99 64 CFO Göran Hesseborn +46 8 55 33 99 99 Head of IR Pernilla Linger +46 8 55 33 99 55 Press and analyst meeting At 10.30 CET today, Wednesday, May 7, Hakon Invest will hold a press and analyst meeting in Salén Konferens at Norrlandsgatan 15 in Stockholm. President and CEO Claes-Göran Sylvén will present the interim report together with CFO Göran Hesseborn. A Q&A session will be held after the initial presentation. Hakon Invest, which is listed on the OMX Nordic Exchange in Stockholm, conducts active and long-term investment operations in retail-oriented companies in the Nordic and Baltic region. Hakon Invest owns 40% of ICA AB, one of the Nordic region's leading food retail companies. Hakon Invest also has holdings in Forma Publishing Group, Kjell & Company, Hemma, Cervera, inkClub and Hemtex. Further information about Hakon Invest is available at www.hakoninvest.se.
Interim Report January - March 2008
| Source: ICA Gruppen AB