English

ICA Gruppen interim report Q1 2018

Report this content

Good sales growth – changeover driving costs

Quarter one 2018 in summary 

  •  Consolidated net sales amounted to SEK 27,181 million (25,703), an increase of 5.8%
  •  Operating profit excluding items affecting comparability was SEK 972 million (996)
  •  Operating profit excluding items affecting comparability includes costs of SEK 9 million (12) for the previously planned integration of IKI in Lithuania
  •  Operating profit excluding items affecting comparability for the corresponding period a year ago included SEK 14 million from ICA Eiendom in Norway, which was divested in 2017
  •  Profit for the period was SEK 700 million (1,132). Profit includes capital gains on sales of non-current assets and impairment losses of SEK 0 million net (399)
  •  Earnings per share were SEK 3.46 (5.61)
  •  Cash flow from operating activities amounted to SEK 732 million (-51). Excluding ICA Bank, cash flow was SEK 1,016 million (492)

Events after the end of the quarter 

  •  On 12 April the Annual General Meeting approved the Board's proposed dividend of SEK 11.00 per share
  •  At the Annual General Meeting Fredrik Persson was elected as a new director on ICA Gruppen's board, replacing Jan Olofsson, who declined re-election
  •  As communicated on 18 April, the Lithuanian Competition Council has blocked the acquisition of IKI

Comment from the CEO of ICA Gruppen, Per Strömberg:

” We had favourable sales performance in Sweden during the quarter, and our e-commerce shows

very good growth. However, we are getting too little return from this sales growth, which means

that overall ICA Sweden’s earnings for the first quarter were slightly weaker than what we had

counted on. Other businesses have performed well on the whole. Despite slightly weaker earnings,

our trend of very strong cash flow in ICA Gruppen continued also during the first quarter.”

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

Press and analyst call

ICA Gruppen will hold a conference call at 10.00 CET on Friday, 27 April 2018 during which CEO Per Strömberg and CFO Sven Lindskog will present the interim report. The call will be held in English and can be followed at www.icagruppen.se/en/investors.

There is also an opportunity to call in on

SE: +46 8 56642508

UK: +44 20 30089813

Calendar 

16 August 2018                    Q2 interim report

25 October 2018                   Q3 interim report

13 December 2018               Capital Market Day

7 February 2019                   2018 year-end 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 April 27, 2018.

ICA 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 Hemtex. For more information see icagruppen.se

Tags:

annual report Per Strömberg ICA Gruppen

Subscribe

Documents & Links