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    Per Strömberg declines re-election to ICA Gruppen’s Board

    Per Strömberg has informed ICA Gruppen’s nomination committee that he declines re-election at ICA Gruppen’s upcoming Annual General Meeting in May 2025. Per will remain on the Board until then.Per Strömberg was elected as a member of ICA Gruppen’s Board of Directors when he left his role as CEO of ICA Gruppen in 2022.    “I would like to thank Per for the total of 13 years he has been actively involved with ICA, for the first 11 years as CEO, when he led ICA through a successful transformation with good results. With his participation on the Board over the past two years, Per contributed

    ICA Gruppen publishes prospectus

    ICA Gruppen Aktiebolag (publ) (“ICA Gruppen” or “the Company”) hereby announces that a prospectus has been drawn up related to the Company’s invitation to ICA-handlarnas Förbund and its members in Sweden to subscribe for new ordinary Class F shares (“F shares”) in the Company and that the prospectus has today been approved by the Swedish Financial Supervisory Authority. The prospectus is available on the Company’s website, www.icagruppen.se.As previously announced, the background to the offering of F shares is to create additional incentives for continued development of ICA Gruppen and

    ICA Real estate sells four retail properties to Delcore Fastigheter

    ICA Real Estate sells four retail properties to Delcore Fastigheter, a property company joinly owned by occupational pensions company AMF and ICA Real Estate.The total area of the buildings is approximately 15,373 square metres and the property value amounts to approximately SEK 520 million.   ”We have enjoyed an excellent collaboration with AMF since we formed Delcore Fastigheter almost two years ago and are pleased that we can now strengthen our jointly owned company with an additonal four retail properties. Through this transaction, we are creating conditions to maintain influence in

    ICA Gruppen’s report for the third quarter 2024

    The third quarter was stable with good profitability for the Group as a whole. Rimi Baltic gave a particularly strong performance. In the ICA stores, customer footfall increased and all four of ICA’s store formats provided growth that outperformed the market.· Consolidated net sales increased by 6.5% in the third quarter to SEK 39,362 million (36,943) and operating profit, excluding items affecting comparability, was slightly higher than last year, SEK 2,068 million (1,955). · ICA Sweden’s performance during the quarter was stable with increased market shares as well as e-commerce that

    Report from Extraordinary General Meeting of ICA Gruppen

    ICA Gruppen Aktiebolag (publ ) (”ICA Gruppen” or ”the Company”) has today 14 October 2024 held an Extraordinary General Meeting in the Company.At ICA Gruppen’s Extraordinary General Meeting held today 14 October 2024, the Meeting decided to adopt a new Articles of Association in accordance with the Board’s proposal whereby among other things a new share class will be introduced (ordinary Class F shares, “F shares”). The Extraordinary General Meeting also decided to authorise the Board to make a decision on a new issue of F shares up to a total subscription amount of a maximum of SEK 3

    ICA Gruppen’s report for the second quarter 2024

    The trend continues – more customers are choosing ICA at the same time as food prices have stabilised. Customers also continue to flock to Apotek Hjärtat which strengthens its position as Sweden’s largest pharmacy.· Consolidated net sales increased by 5.3% to SEK 39,826 million compared with 2023 (SEK 37,823 million) for the second quarter and operating profit rose to SEK  2,262 million (SEK 2,008 million). · The Group’s improved earnings were affected by a land exchange transaction in Årsta which provided a capital gain of approximately SEK 500 million. This reduced the Group’s loan

    ICA Real Estate completes land exchange with the City of Stockholm

    On 12 June, ICA Real Estate completed a land exchange with the City of Stockholm where ICA Real Estate divests land for SEK 843 million and at the same time acquires land for SEK 371 million with a net cash flow effect of SEK 472 million.In 2013, ICA Real Estate signed a land allocation agreement and letter of intent on a reparceling with the City of Stockholm involving the divestment and acquisition of land in Årsta. The letter of intent means that ICA Real Estate acquires an additional parcel of land adjacent to Postgården 1 and divests land within Postgården 1 to the City of Stockholm.

    ICA Gruppen issues green bonds

    ICA Gruppen has successfully completed the second green bond issue of SEK 2 billion under the company’s Swedish MTN programme.The issue saw strong demand and the order book almost reached SEK 2.9 billion. The bonds of SEK 500 million and SEK 1.5 billion were issued with tenors of 3 and 5.5 years respectively, both tenors with floating rate tranches and the longer tenor also with a fixed rate tranche. This is ICA Gruppen’s second green bond issue under the established Green Finance Framework, developed to align with the ICMA Green Bond Principles. CICERO Shades of Green, now part of S&P

    ICA Gruppen’s Annual General Meeting 2024

    At ICA Gruppen’s Annual General Meeting,  Magnus Moberg was elected as the new Chairman of the Board.At the same time, Göran Blomberg, Anette Wiotti, Katarina Romberg, Fredrik Persson, Jan Amethier, Charlotte Svensson, Per Strömberg were Bengt Kjell re-elected as members of the Board. A new member of the Board is Mikael Norling, ICA retailer and proposed Chairman of the Board of  ICA-handlarnas Förbund. Claes-Göran Sylvén and Tomas Emanuelz declined re-election. ICA Gruppen’s Annual General Meeting approved the financial statements for 2023  and the proposed dividend to ICA Gruppen’

    ICA Gruppen’s report for the first quarter 2024

    More customers choose ICA and Apotek Hjärtat which drives volumes and improves earnings· Consolidated net sales increased by 7.4% to SEK 37,150 million compared with 2023 (SEK 34,605 million) for the first quarter and operating profit rose to SEK 1,490 million (SEK 1,293 million)   · The Group’s improved earnings were affected by positive calendar effects such as the leap day and an early Easter as well as the fact that we recognised major non-recurring costs in the corresponding quarter in the previous year.   · The quarter was characterised by strong customer flows which led to

    ICA Gruppen publishes Green Bond Report

    Solna 2024-03-25 ICA Gruppen completed its first green bond issue in May 2023 and is today publishing the first report on how the SEK 3.5 billion which the issue amounted to has been allocated – Green Bond Report 2024. The report shows how the financing of projects made possible through ICA Gruppen’s green bonds is estimated to have contributed to reduced emissions in excess of 16,997 tonnes CO\2 \in 2023.The funds from the issue have been used to finance projects within areas covered by ICA Gruppen’s Green Finance Framework: green buildings, renewable energy, clean transportation and

    ICA Gruppen publishes annual report 2023

    ICA Gruppen’s annual report 2023 is now available at www.icagruppen.se.The annual report, which also includes ICA Gruppen’s sustainability report, is available as a downloadable PDF document. In addition, an annual overview is published providing a broader presentation of ICA Gruppen's operations during the year. Annual report in English: Year in review/Report  Annual report in Swedish: Year in review/Report  For more informationICA Gruppen press service, telephone number: +46 (0)10 422 52 52, e-

    ICA Gruppen’s report for the fourth quarter 2023

    Increased market shares and strong cash flow· Consolidated net sales increased by 7.6% to SEK 38,273 million compared with 2022 (SEK 35,558 million) for the fourth quarter. A continued comparatively high inflation rate contributed to the sales increase · Operating profit excluding items affecting comparability was SEK 1,487 million (SEK 1,389 million). The operating margin excluding items affecting comparability was 3.9% (3.9) · Volume effects in sales were positive during the quarter · ICA took market shares in the fourth quarter. Net sales in the ICA stores increased by 7%

    Nomination Committee’s proposal to ICA Gruppen’s Board of Directors – Chairman of the Board Claes-Göran Sylvén declines re-election

    ICA Gruppen’s Chairman of the Board, Claes-Göran Sylvén, declines re-election to ICA Gruppen’s Board of Directors ahead of the next Annual General Meeting. The Nomination Committee proposes Magnus Moberg as the new Chairman of the Board for the coming period. Claes-Göran will remain as Chairman until the Annual General Meeting, which takes place on 26 April 2024.Claes-Göran has been Chairman of the ICA Group, then ICA AB, since 2002. He continued with the assignment when ICA Gruppen was listed on the Stockholm Stock Exchange in 2013 and after the buyout from the stock exchange in 2022. “

    Peter Muld new CIO of ICA Gruppen and ICA Sweden

    Benny Svensson, CIO of ICA Gruppen, leaves his post on 31 December 2023. Peter Muld, currently Head of Strategy & Transformation at ICA Sweden, will take over as the new CIO of ICA Gruppen and ICA Sweden with effect from 1 January 2024 and will subsequently become a member of ICA Gruppen’s Management Team.“I am very pleased that Peter Muld has accepted the position of CIO of ICA Gruppen and ICA Sweden. Peter joined ICA in 2016 and has held various roles over the years, including Chief Digital Officer of ICA Gruppen and Head of Strategy for ICA Sweden. Peter’s experience and personality make

    Rimi Baltic sells Deglava logistics center and office in Riga to East Capital Real Estate Fund IV

    Rimi Baltic has sold it’s central logistics and office facilities in Riga to East Capital Real Estate Fund IV through a sale and leaseback transaction under a 15-year lease agreement. The property area amounts to 94,000 square meters.−We are pleased about the transaction and look forward to a good long-term cooperation with East Capital Group. Importantly, the transaction also frees up capital to reduce the net debt for ICA Gruppen, the owner of Rimi Baltic, says Giedrius Bandzevičius, CEO Rimi Baltic. The net effect of the transaction on the ICA Group’s cash flow amounts to

    Karin Andrén new Chief HR Officer for ICA Gruppen

    Karin Andrén has been appointed as the new Chief HR Officer (CHRO) for ICA Gruppen. Karin joins the Group from H&M where she has held various leading HR positions since 2011. Previously, Karin worked with HR-related matters at Electrolux and Länsförsäkringsgruppen, among others. Karin Andrén will be a member of ICA Gruppen’s Management Team and will take up her position on 1 April 2024 at the latest.“Karin not only has long and in-depth experience from various HR roles in complex organisations, but she has also successfully led major change programmes within retail. She is focused on the

    ICA Gruppen’s report for the third quarter 2023

    Price investments start to have an effect – improved volume growth and stable earnings· Sales in ICA Sweden’s grocery retail business increased by 4.1% compared with the same quarter in 2022 at the same time as earnings development was stagnant and the margin fell from 4.7% to 4.5%. · Sales for ICA Gruppen as a whole rose in Q3, mainly driven by high inflation, to SEK 36,943 million (SEK 34,544 million in 2022). The operating margin landed at 5.3% (4.9%) and operating profit at SEK 1,815 million (1,629). · Rimi Baltic delivered stable earnings but competition is razor-sharp with a

    ICA Sweden changes e-commerce model for Gothenburg

    ICA Sweden is changing its model for e-commerce in the Gothenburg region and has therefore decided to close down the e-commerce warehouse in Arendal, Gothenburg. The decision implies that ICA’s online business in the Gothenburg region will be conducted in other ways based on local conditions. A total of 140 employees will be affected by the closure, which will take place in the second quarter of 2024.“E-commerce is a market in constant development, and we need to continuously review and adapt our online offering and our joint investments based on the customer needs. At the same time, this a

    ICA Real Estate sells logistics property in Västerås to Genesta

    ICA Real Estate has sold the logistics property Saltängen 1, ICA’s warehouse facility in Västerås, to Genesta through a so called sale and lease back transaction in which ICA Real Estate has signed a 15-year lease agreement with Genesta. The property area amounts to approximately 101,000 square metres.− We are happy about the transaction and the signing of a long-term lease agreement, and look forward to a good co-operation with Genesta. The deal frees up capital to reduce ICA Gruppen’s net debt, says Mattias Lundgren, acting CEO ICA Real Estate. −ICA Sweden logistics continues its

    ICA Gruppen issues SEK 2.5 billion in new bonds

    ICA Gruppen has successfully conducted a new bond issue of SEK 2.5 billion. The new bonds are issued under ICA Gruppen’s Swedish MTN programme.The investor interest for the transaction was significant, and the issue was oversubscribed 1.7 times. The new bonds consist of SEK 1.5 billion with three years to maturity and SEK 1 billion with five years to maturity, with both fixed and floating rate tranches. With today’s transaction, ICA Gruppen has concluded three bond issues during 2023, for a total amount of SEK 9.5 billion. DNB Markets and Handelsbanken acted as Joint Bookrunners on the

    ICA Gruppen’s report for second quarter 2023

    Higher sales but pressured margins owing to lower volumes and investments in lower prices.· ICA Gruppen’s Q2 sales grew to SEK 37,823 million (34,586). · Operating profit (excl. items affecting comparability) for ICA Gruppen was slightly higher than in the same period a year ago, SEK 1,629 million (1,511), but the operating margin narrowed slightly to 4.3% (4.4%). · ICA Sweden’s sales increased to SEK 26,666 million (24,936), but the operating margin decreased to 3.5% (4%) as a result of lower volumes and continued price investments. Profitability for ICA stores is being impacted by

    Jan-Erik Hellman new CEO of ICA Real Estate

    Jan-Erik Hellman has been named as new CEO of ICA Real Estate. Jan-Erik joins ICA from Vasakronan AB, where he has held various senior positions, most recently as Head of Investments & Projects.“Jan-Erik has a solid record of experience with strategic property development. He has held many leadership roles in the real estate sector, where he has worked across a broad spectrum with deals, projects and facility management. Jan-Erik started out his career in the real estate business with ICA and will now be returning as CEO of our real estate company. Building relationships and inspiring

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