ICA Gruppen year-end report 2022
A turbulent 2022 – strong customer focus ahead of 2023· The operating margin for ICA Gruppen fell in Q4 2022 to 3.9% (4.0%). · Operating profit for the fourth quarter of 2022 increased by 6.4%, driven by high inflation, to SEK 1,382 million compared with the fourth quarter of 2021 (1,298). · Q4 sales increased by 8.2% to SEK 35,547 million (32,860), also driven by inflation. · Drop in volume put pressure on earnings for ICA Gruppen’s grocery retail business and ICA Sweden’s margin. Operating profit decreased by 12.0% to SEK 767 million during the fourth quarter compared with the