ICA AB interim report January – September 2008
ICA AB interim report January – September 2008
Solna November 5, 2008
The third quarter produced a further increase in sales but lower operating income
Third quarter ? Net sales for the third quarter amounted to SEK 22,768 million (20,697), an increase of 10.0 percent.
? Operating income excluding capital gains on property sales for the third quarter amounted to SEK 633 million (736), a decrease of 14.0 percent. Operating income including capital gains for the third quarter amounted to SEK 683 million (899), a decrease of 24.0 percent.
? Net income for the third quarter amounted to SEK 550 million (736), a decrease of 25.3 percent.
Nine-month period ? Net sales for the nine-month period amounted to SEK 66,832 million (60,187), an increase of 11.0 percent.
? Operating income excluding capital gains on property sales for the nine-month period amounted to SEK 1,381 million (1,344), an increase of 2.8 percent. Operating income including capital gains for the nine-month period amounted to SEK 1,602 million (1,840), a decrease of 13.0 percent.
? Net income for the nine-month period amounted to SEK 1,298 million (1,568), a decrease of 17.2 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