ICA Group’s interim report January – March 2013
Stable development for the ICA Group in the 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 and ICA Bank.”
For the entire report, with a complete comment by the CEO and description of the financial results, please see the attached pdf-file.
For more information:
Per Strömberg, CEO, ICA AB, phone: +46-10-422 50 05
ICA’s press office, phone +46 70-253 66 60
The ICA Group (ICA AB) is one of the Nordic region’s leading retail companies, with around 2,150 of its own and retailer-owned stores in Sweden, Norway and the three Baltic states. The Group includes 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. ICA AB is owned by Hakon Invest AB. For more information, please visit www.ica.se