ICA Gruppen Q1 report 2016

Good quarter amidst tougher competition

First quarter of 2016 in summary

  • Consolidated net sales amounted to SEK 24,761 million (23,673), an increase of 4.6%
  • Operating profit excluding non-recurring items totalled SEK 959 million (775). Operating profit for the comparison period included costs of SEK 53 million associated with the acquisition and integration of Apotek Hjärtat
  • Profit from continuing operations (ICA Gruppen excl. ICA Norway) was SEK 735 million (529) Profit includes capital gains on sales of non-current assets and impairment losses totalling SEK 17 million, net (2)
  • Earnings per share for continuing operations were SEK 3.65 (2.51)
  • Cash flow from operating activities for continuing operations amounted to SEK 398 million (221)

After the end of the quarter

  • On 20 April the Annual General Meeting of ICA Gruppen resolved in favour of the Board’s proposal for a shareholder dividend of SEK 10.00 per share

Comment from the CEO of ICA Gruppen, Per Strömberg:

“The first quarter of the year showed favourable sales and earnings development. ICA Sweden is showing good profit growth, and Rimi Baltic had a very good start to the year, with strong earnings and continued rising market shares. ICA Bank is having a tough time in a difficult market, while other segments are largely performing according to plan. While we continue to see a market with toughening competition, we are focusing on the right things and are maintaining a high pace in our change work.”

For further information, please contact:

Frans Benson, Head of Investor Relations
tel. +46 8-561 500 20

ICA Gruppen press service
Tel +46 10 422 52 52

Press and analyst meeting

ICA Gruppen is arranging a press and analyst meeting at Tändstickspalatset, Stockholm, on Wednesday, 4 May 2016 at 10.00 CET. CEO Per Strömberg and CFO Sven Lindskog will present the interim report. The meeting will be webcast and can be followed at www.icagruppen.se/investerare. There is also an opportunity to call in on
tel.  
SE +46 8 566 426 93
UK +44 203 008 9804

Calendar

17 August 2016 Interim report January–June 2016
9 November 2016 Interim report January–September 2016
15 December 2016        Capital Markets Day
8 February 2017  Year-end report 2016                  

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 time 07.00 CET on Wednesday, May 4, 2016.

ICA Gruppen AB (publ) is a leading retail company with a focus on food and health. The Group includes ICA Sweden and Rimi Baltic which mainly conduct grocery retail, ICA Real Estate which owns and manages properties, ICA Bank which offers financial services and Apotek Hjärtat which conducts pharmacy operations. The Group also includes the companies Hemtex and inkClub. For more information see icagruppen.se

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About Us

About ICA GruppenICA Gruppen AB (publ) is a leading retail company with a focus on food and health. The Group includes ICA Sweden and Rimi Baltic which mainly conduct grocery retail, ICA Real Estate which owns and manages properties, ICA Bank which offers financial services and Apotek Hjärtat which conducts pharmacy operations. The Group also includes the wholly owned portfolio company inkClub and the partly owned portfolio company Hemtex. For more information see icagruppen.se