ICA AB Q4 and full year report 2007
ICA AB Q4 and full year report 2007
Solna February 20, 2008
Increased sales and improved operating income in a strong fourth quarter
? Net sales during the fourth quarter amounted to SEK 22,139 million (17,631), an increase of 25.6 percent. Excluding Rimi Baltic, the Groups net sales were SEK 19,143 million, an increase of 8.6 percent.
? Operating income for the fourth quarter increased to SEK 762 million (358), or by 112.8 percent.
? Fourth-quarter net income from continuing operations amounted to SEK 598 million (459), an increase of 30.3 percent.
? Net sales during the year amounted to SEK 82,326 million (67,395), an increase of 22.2 percent. Excluding Rimi Baltic, the Groups net sales were SEK 71,590 million, an increase of 6.2 percent.
? Operating income for the year increased to SEK 2,602 million (2,297), or by 13.3 percent.
? Net income for the year from continuing operations amounted to SEK 2,166 million (2,034), an increase of 6.5 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 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 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