ICA Gruppen Q3 report 2017

Stable earnings performance – high growth in e-commerce

Third quarter of 2017 in summary

  • Consolidated net sales amounted to SEK 26,428 million (25,752), an increase of 2.6%
  • Operating profit excluding non-recurring items totalled SEK 1,380 million (1,376)
  • The sale of ICA Eiendom in Norway and costs ahead of the integration of the acquisition of IKI in Lithuania affected operating profit excluding nonrecurring items by a combined total of SEK -41 million
  • Profit for the period was SEK 1,100 million (1,070). Profit includes capital gains on sales of non-current assets and impairment losses totalling SEK 5 million net (20)
  • Earnings per share were SEK 5.45 (5.31)
  • Cash flow from operating activities amounted to SEK 1,045 million (550). Excluding ICA Bank, cash flow was SEK 854 million (1,045)

After the end of the quarter

  • The Lithuanian Competition Council has approved the acquisition of the Lithuanian grocery store chain IKI with the condition that 17 stores be sold

Comment from the CEO of ICA Gruppen, Per Strömberg:

“We continued to generate good and stable earnings performance also in the third quarter. Rimi

Baltic delivered a very solid operating profit, and I am particularly happy to note that ICA Bank has

turned upward, that Hemtex posted a profit for the quarter, and that our e-commerce business is

growing with good momentum. We also have many business projects of various types that we are

conducting across a broad front in the Group to ensure continued good performance.” 


Press and analyst meeting

ICA Gruppen is arranging a telephone press and analyst meeting on Friday November 10 at 10.00 CET. CEO Per Strömberg and CFO Sven Lindskog will present the interim report. The phone conference can also be followed at www.icagruppen.se/en/investors

To call in, please dial:    

SE +46 8 56642662                    

UK +44 203 0089801                


Calendar

14 December 2017               Capital Markets Day

8 February 2018                   Year-end report 2017

12 April 2018                        Annual General Meeting

27 April 2018                        Q1 interim report

16 August 2018                    Q2 interim report

25 October 2018                  Q3 interim report

This information is such that ICA Gruppen AB is obligated to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication at time 07.00 CET on Friday, November 10, 2017.

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

Tags:

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