First quarter of 2016 in summary
- Consolidated net sales amounted to SEK 24,761 million (23,673), an increase of 4.6%
- Operating profit excluding non-recurring items totalled SEK 959 million (775). Operating profit for the comparison period included costs of SEK 53 million associated with the acquisition and integration of Apotek Hjärtat
- Profit from continuing operations (ICA Gruppen excl. ICA Norway) was SEK 735 million (529) Profit includes capital gains on sales of non-current assets and impairment losses totalling SEK 17 million, net (2)
- Earnings per share for continuing operations were SEK 3.65 (2.51)
- Cash flow from operating activities for continuing operations amounted to SEK 398 million (221)
After the end of the quarter
- On 20 April the Annual General Meeting of ICA Gruppen resolved in favour of the Board’s proposal for a shareholder dividend of SEK 10.00 per share
Comment from the CEO of ICA Gruppen, Per Strömberg:
“The first quarter of the year showed favourable sales and earnings development. ICA Sweden is showing good profit growth, and Rimi Baltic had a very good start to the year, with strong earnings and continued rising market shares. ICA Bank is having a tough time in a difficult market, while other segments are largely performing according to plan. While we continue to see a market with toughening competition, we are focusing on the right things and are maintaining a high pace in our change work.”
For further information, please contact:
Frans Benson, Head of Investor Relations
tel. +46 8-561 500 20
ICA Gruppen press service
Tel +46 10 422 52 52
Press and analyst meeting
ICA Gruppen is arranging a press and analyst meeting at Tändstickspalatset, Stockholm, on Wednesday, 4 May 2016 at 10.00 CET. CEO Per Strömberg and CFO Sven Lindskog will present the interim report. The meeting will be webcast and can be followed at www.icagruppen.se/investerare. There is also an opportunity to call in on
tel. SE +46 8 566 426 93
UK +44 203 008 9804
Calendar
17 August 2016 | Interim report January–June 2016 |
9 November 2016 | Interim report January–September 2016 |
15 December 2016 | Capital Markets Day |
8 February 2017 | Year-end report 2016 |
ICA Gruppen discloses the information provided herein pursuant to the Securities Market Act and/or the Financial Instruments Trading Act. The information was submitted for publication at time 07.00 CET on Wednesday, May 4, 2016.