Stable development for the ICA Group in the first quarter
First quarter

· Net sales for the first quarter amounted to SEK 23,078 million (23,309), down 1.0 percent. Adjusted for the closed ICA Maxi stores in Norway, net sales increased by 2.2 percent, or 2.9 percent at constant exchange rates.
· Operating income amounted to SEK 749 million (690), excluding non-recurring items of SEK 187 million (0), up 8.6 percent.
· Income after net financial items amounted to SEK 471 million (622).
· Net income for the first quarter amounted to SEK 272 million (444).

Extract from CEO comment – Per Strömberg, CEO ICA AB:

“The ICA Group reported stable development during the first quarter with a sales increase of 2.9 percent at constant exchange rates adjusted for the divestment of the ICA Maxi stores in Norway. Operating income excluding non-recurring items increased by 8.6 percent compared to the first quarter last year as a result of improved operating results in ICA Sweden, Rimi Baltic...