INTERIM REPORT for the period January 1 – June 30, 2006
INTERIM REPORT for the period January 1 – June 30, 2006
Stockholm, August 15, 2006
Strong development for ICA Group during first half year
? Net sales during the first half year amounted to SEK 32,530 million (31,637), an increase of 2.8 percent.
? Operating income for the first half year rose to SEK 1,245 million (661), an increase of 88.4 percent, while income after tax rose to SEK 989 million (583). Adjusted for capital gains from real estate sales and impairments, operating income rose to SEK 1,048 million (624), an increase of 67.9 percent.
? For the second quarter, net sales amounted to SEK 16,999 million (16,409), an increase of 3.6 percent.
? Operating income for the second quarter amounted to SEK 684 million (373), an increase of 83.4 percent. Adjusted for capital gains from real estate sales and impairments, operating income rose to SEK 585 million (340), an increase of 72.1 percent.
ICA Meny is reported as a discontinued operation on a separate line in the income statement, due to which the figures above refer to continuing operations.
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 is one of the Nordic regions leading retail companies, with around 2,200 of its own and retailer-owned stores in Sweden and Norway. The Group includes the sales companies ICA Sverige, ICA Norge and Etos. ICA Meny specializes in distribution to restaurants, the foodservice sector and convenience stores. ICA also offers financial services to Swedish customers through ICA Banken. ICA owns half of the companies Rimi Baltic, with nearly 190 stores in the Baltic countries, and Netto Marknad, with nearly 80 stores in Sweden. ICA AB is a joint venture 40% owned by Hakon Invest AB and 60% by Royal Ahold of the Netherlands. Due to shareholder agreement, neither party has control of the company and both share equal voting power. Through Royal Ahold, ICA AB is part of an international retail network. For more information, please visit http://www.ica.se