Interim report for the period January 1 – September 30 2006
Interim report for the period January 1 – September 30 2006
Stockholm, November 6, 2006
Continued strong income for ICA Group during the period
? Net sales during the nine-month period amounted to SEK 49,552 million (48,161), an increase of 2.9 percent.
? Operating income for the nine-month period rose to SEK 1,938 million (1,342), an increase of 44.4 percent, of which capital gains from real estate sales and impairments of SEK 213 million (79) are included. The operating income excluding these one-off items increased by 36.6 percent. Income after tax rose to SEK 1,574 million (1,076).
? Net results for the nine-month period amounted to SEK 1,940 million (1,068), an increase of 81.6 percent. Included in the net results is a profit impact from ICA Meny, including profit gains, of SEK 366 million (–8).
? In the third quarter, net sales amounted to SEK 17,022 million (16,524), an increase of 3.0 percent.
? Operating income for the third quarter amounted to SEK 693 million (681), an increase of 1.8 percent, of which capital gains from real estate sales and impairments of SEK 18 million (105) are included. The operating income excluding these one-off items increased by 17.2 percent. Income after tax rose to SEK 585 million (493).
? Net results for the third quarter amounted to SEK 943 million (492), an increase of 91.7 percent. Included in the net results is a profit impact, including profit gains, from ICA Meny of SEK 358 million.
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 2,100 of its own and retailer-owned stores in Sweden and Norway. The Group includes the sales companies ICA Sverige, ICA Norge and Etos. ICA also offers financial services to Swedish customers through ICA Banken. ICA owns half of the companies Rimi Baltic, with 200 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