ICA AB interim report January – June 2008
ICA AB interim report January – June 2008
Solna August 6, 2008
Strong income improvement for ICA Sverige and Rimi Baltic but loss for ICA Norge during the first half year
? Net sales for the second quarter amounted to SEK 22,765 million (20,699), an increase of 10.0 percent. ? Excluding capital gains on property sales, operating income for the second quarter amounted to SEK 523 million (380), an increase of 37.6 percent. Including capital gains, operating income for the second quarter rose to SEK 660 million (595), an increase of 10.9 percent.
? Net income for the second quarter amounted to SEK 557 million (491), an increase of 13.4 percent.
? Net sales for the first half year amounted to SEK 44,064 million (39,490), an increase of 11.6 percent.
? Excluding capital gains on property sales, operating income for the first half year amounted to SEK 748 million (608), an increase of 23.0 percent. Including capital gains, operating income for the first half year decreased to SEK 919 million (941), or by 3.3 percent.
? Net income for the first half year amounted to SEK 748 million (832), a decrease of 10.1 percent.
For the entire report, with comment by the CEO and description of the financial results, please see the attached pdf-file.
For more information: Kenneth Bengtsson, President and CEO, ICA AB, phone: +46 8 561 502 58 ICAs press office, phone +46 70 253 66 60
----------------------------------------------------------------------------------------------------- About ICA The ICA Group (ICA AB) is one of the Nordic regions leading retail companies, with around 2,230 of its own and retailer-owned stores in Sweden, Norway and the Baltic states. The Group includes the retail companies ICA Sverige, ICA Norge and Rimi Baltic. ICA also offers financial services to Swedish customers through ICA Banken. ICA AB is a joint venture 40% owned by Hakon Invest AB and 60% by Royal Ahold N.V. of the Netherlands. According to a shareholder agreement, Royal Ahold and Hakon Invest jointly share a controlling influence over ICA AB. Through Royal Ahold, ICA AB is part of an international retail network. For more information, please visit http://www.ica.se