ICA Gruppen published its interim report for the third quarter on Friday October 23.
ICA Gruppen’s operations are divided into segments: ICA Sweden, Rimi Baltic, Apotek Hjärtat, ICA Real Estate and ICA Bank. The core business is grocery retail. Other activities must support the core business and provide scope for further development towards new business opportunities.
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- The leading grocery retailer in Sweden
With around 1,300 stores and a market share of around 36%, ICA Sweden is the leading grocery retailer in the country. The business is operated in cooperation with independent ICA retailers. They each own and operate their own store, which makes it possible for them to tailor concepts and offers to local demand...
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- Stable position in a growing market
Rimi Baltic is a grocery retailer operating in Estonia, Latvia and Lithuania through the store concepts Rimi Hypermarket, Rimi Supermarket, Rimi Mini, Rimi Express and Supernetto. In total there are 279 stores: 84 in Estonia, 131 in Latvia and 64 in Lithuania.
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ICA Gruppen’s acquisition of Apotek Hjärtat AB was completed in January 2015. ICA already conducts (since 2010) pharmacy operations through the Cura pharmacies which after the acquisition become reprofiled to Apotek Hjärtat. This acquisition makes ICA Gruppen the second-largest player in the Swedish pharmacy market with a market share of approximately 31% and about 390 pharmacies.
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- The largest property company in the Nordics with focus on retail
ICA Real Estate is one of the largest commercial real estate firms in the retail segment in the Nordic region. The overall mission is to meet the Group’s long-term need for appropriate properties in the right locations in Sweden.
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