ICA Gruppen interim report third quarter 2018

Improved operating profit – continued high activity

Third quarter 2018 in summary

  •  Consolidated net sales amounted to SEK 28,846 million (27,164), an increase of 6.2%
  •  Operating profit excluding items affecting comparability was SEK 1,499 million (1,380)
  •  Profit for the period was SEK 1,082 million (1,100). Profit includes capital gains on sales of non-current assets and impairment losses of SEK -96 million net (5)
  •  Earnings per share were SEK 5.36 (5.45)
  •  Cash flow from operating activities amounted to SEK 1,071 million (1,045). Excluding ICA Bank, cash flow was SEK 583 million (854)
  •  ICA Gruppen investing in Min Doktor via Apotek Hjärtat

After the end of the quarter

  • On 3 October the Swedish Competition Authority announced its decision to take no action regarding the proposed deal between Apotek Hjärtat and Min Doktor

Comment from the CEO of ICA Gruppen, Per Strömberg:

“We can be satisfied with our performance in the third quarter – good sales, growing or stable earnings in all operations, and a continued high pace of growth in e-commerce. At the same time, it is imperative that we maintain strong momentum in our change work so that we can ensure continued favourable performance next year and onward into the 2020s.”

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

ICA Gruppen will hold a conference call for members of the media and the financial market at 10.00 CET on Thursday, 25 October 2018 during which CEO Per Strömberg and CFO Sven Lindskog will present the interim report. The meeting will be held in English and can be followed at www.icagruppen.se/en/investors. To participate in the call: +46 8 50639549 or +44 20 30089816.


13 December 2018               Capital Market Day

7 February 2019                   2018 year-end report

11 April 2019                        Annual General Meeting

3 May 2019                          Q1 interim report

15 August 2019                    Q2 interim report

24 October 2019                   Q3 interim report

6 February 2020                   2019 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 Thursday October 25, 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