ICA Gruppen’s interim report for third quarter 2022
Challenging market situation· Operating profit for the third quarter of 2022 (SEK 1,694 million) fell by 6.8% compared with the third quarter of 2021 (SEK 1,818 million). · ICA Gruppen’s Q3 sales increased by 7.6% to SEK 34,533 million (32,094), driven by high inflation. · High inflation and rising energy costs are creating major challenges in all areas. · Pressured margins especially in the grocery retail operations as a result of lower volumes and higher costs. ICA Sweden’s margin for Q3 decreased to 4.7% (5.2%). · Halving of earnings and considerably lower margin for Rimi