ICA AB interim report January – September 2007
ICA AB interim report January – September 2007
Solna November 13, 2007
Increased sales and improved operating income in the third quarter
? Net sales during the third quarter amounted to SEK 20,697 million (17,093), an increase of 21.1 percent. Rimi Baltics net sales are consolidated as of this year. Excluding Rimi Baltic, the Groups net sales were SEK 18,077 million, an increase of 5.8 percent.
? Operating income for the third quarter increased to SEK 899 million (690), an increase of 30.3 percent.
? Net income for the third quarter from continuing operations amounted to SEK 736 million (583), an increase of 26.2 percent.
? Net sales during the nine-month period amounted to SEK 60,187 million (49,764), an increase of 20.9 percent. Rimi Baltics net sales are consolidated as of this year. Excluding Rimi Baltic, the Groups net sales were SEK 52,447 million, an increase of 5.4 percent.
? Operating income for the nine-month period decreased to SEK 1,840 million (1,939), a decrease of 5.1 percent.
? Net income for the nine-month period from continuing operations amounted to SEK 1,568 million (1,575), a decrease of 0.4 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 hotline, phone +46 70 253 66 60
----------------------------------------------------------------------------------------------------- About ICA The ICA Group (ICA AB) is one of the Nordic regions leading retail companies, with around 2,250 of its own and retailer-owned stores in Sweden, Norway and in the Baltic States. The Group includes the sales 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 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