ICA-gruppen


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ICA-gruppen

  • About ICA Gruppen

    About ICA Gruppen

    Focus on food and health

    ICA Gruppen is a leading retail company with focus on food and health. The Group includes ICA Sweden and Rimi Baltic, which mainly conduct grocery retail, ICA Real Estate, which owns and manages properties, ICA Bank, which offers financial services, and Apotek Hjärtat, which conducts pharmacy business.

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    • Our business
    • Our values
    • Goals and strategy
    • Community engagement
    • Organization
    • Corporate governance

    Our companies

    Our operations are broken down into several company segments. Read more ›

    • Our companies
    • Business model
    • Markets
    • Our brands
    • Our history
    • Strategy
    • Financial targets
    • Sustainability targets
    • Board of Directors
    • Executive Management
    • Reports
    • Policies
    • Auditors
  • Sustainability

    Sustainability

    ICA Gruppen wants to be a positive force in society

    As a major player, we have a great responsibility, but also a great opportunity to have a genuine impact. For the past several years we have been working actively and in a structured manner with continuous improvement in all steps of the value chain.

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    • Sustainability governance
    • Our sustainability work
    • Climate
    • Human rights
    • Sponsorship
    • Question and answer

    In focus

    ICA Gruppen publishes annual report 2022

    • Our starting points
    • Materiality analysis
    • Strategies and goals
    • Certifications and standards
    • Initiatives and membership
    • Policies
    • Local
    • Environment
    • Health
    • Inclusion and diversity
    • Quality
    • Climate targets
    • TCFD
    • Carbon offsetting
  • Innovation

    Trends and innovation

    Innovative ideas are often created when in need to find a solution to a problem, or when something can be improved. At ICA Gruppen, we have both the will and the ability to improve. ICA Gruppen’s aim is to make a difference, both in our organization, and for a better tomorrow.

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    • Trends and innovation
    • ICAx - our innovationshub

    In focus

    Despite stricter rules to slow the spread – parents do not feel their children are healthier

  • Careers

    Careers

    At ICA, everyone’s ideas can make a difference. Together, we contribute to make every day a little easier and shape a better future for millions of people – every day. Want to join us?

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    • Available jobs
    • Find your area
    • Your future with us
    • Life at ICA
    • Student

    Available jobs

    Find available positions within ICA Gruppen ›

    • Work at ICA Gruppen
    • Work in a store
    • IT, tech and analytics
    • Category and buying
    • Marketing, sales and business development
    • Warehouse and logistics
    • More areas
    • Culture and values
    • Learning and development
    • Sustainability and CSR
    • Benefits and health
    • Diversity and inclusion
    • Meet our employees
  • Financial

    Financial information

    These pages contain published information about the Group and upcoming reports and presentations will be published here.

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    • Press releases
    • Reports and presentations
    • Credit market
    • Calendar
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    • Contact

    Reports and presentations

    Here you can find ICA Gruppen’s financial reports and presentations. Read more ›

    • Bond programme
    • Loans and credit facilities
    • Financial policy
    • Credit analysts
  • Media

    Media

    Welcome to ICA Gruppen's media room. Here you can find our press releases and news. You will also find, images and movies, our channels in social media, information about upcoming events and contact information to ICA's press service.

    Press service
    46+ (0) 10 422 52 52      press@ica.se

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    • Press releases
    • Images and films
    • Social media
    • Question and answer
    • Subscribe
    • Contact

    Latest release

    ICA Gruppen publishes annual report 2022

    View all releases ›

  • Contact
  • Other pages
    • ICA Sweden
    • Rimi Baltic
    • Apotek Hjärtat
    • ICA Bank
    • ICA Insurance
    • ICA Real Estate
    • For suppliers
  • Swedish
  • Search
  • About ICA Gruppen
  • Goals and strategy
  • Financial targets
Goals and strategy

Financial targets

ICA Gruppen is one of the leading retail companies in the Nordic region with a clear strategy for profitable growth. The Group’s financial targets are to ensure that ICA Gruppen over the long term reflects the Group’s focus on the stable grocery retail market.

The Board of ICA Gruppen has adopted the following long-term financial


Grow faster than the market

Good sales development and a strong market position are key factors in achieving and maintaining good profitability. This target applies to the Group’s grocery operations within ICA Sweden and Rimi Baltic, and to Apotek Hjärtat.

Outcome 2022
In the very challenging market situation that arose in 2022 with high inflation and falling volumes, ICA Sweden and Rimi Baltic have not achieved their target to grow faster than the market but rather have lost market share. At the same time, Apotek Hjärtat has achieved its target and strengthened its leading position in the Swedish pharmacy market. Apotek Hjärtat’s market share has increased due to a growth in physical pharmacy sales that is much higher than the market.

Achieve an operating margin excluding items affecting comparability of 4.5%

The target level provides room for investments in the business and a return on invested capital, and is at a good level for the industry. The target is measured excluding items affecting comparability.

Outcome 2022
The outcome was 4.3% (4.6). Margins have been squeezed during the year as inflation has increased and cost increases have grown. This has particularly affected ICA Sweden and Rimi Baltic, which has had an impact on the Group’s operating margin. The operating margin of other operations was strengthened.

Achieve a return on capital employed of 7.5%

The target level indicates that the Group is using capital effectively. ICA Bank is not included in the calculation because banking legislation stipulates that its assets and liabilities are not available to the Group. Instead ICA Bank has a target for return on equity that is a more appropriate target for banking operations.

Outcome 2022
The outcome was 9.1% (9.2). On the one hand, the Group’s operating profit was higher – both from operations and through capital gains, particularly from property divestments. On the other hand, the merger with Murgröna meant that the average capital employed increased by around SEK 5.7 billion, which overall meant a lower return but still well above the Group’s target of 7.5%.

Net debt excl. ICA Bank and IFRS 16 Leases/EBITDA excl. IFRS 16 Leases <2.0

A good balance between earnings and borrowing gives the Company the freedom and ability to act, even in times of recession. The target was changed in 2022 from

Outcome 2022
The debt ratio increased in 2022 from 0.6 to 3.3 times, as a consequence of ICA Gruppen being merged with Murgröna. The increase in debt was mitigated by stable cash flow from operations during the year, lower taxes paid and significantly lower net investments. Net investments fell mainly because of the property divestments that took place in 2022.

Our business
  • Our companies
  • Business model
  • Markets
  • Our brands
  • Our history
Our values Goals and strategy
  • Strategy
  • Financial targets
  • Sustainability targets
Engagement Organization Corporate governance
  • Board of Directors
  • Executive Management
  • Reports
  • Policies
  • Auditors

ICA Gruppen AB

Box 4075

169 04 Solna, Sweden

Telephone

+46 (0) 8 56 15 00 00

Visitors adress

Kolonnvägen 20, 169 71 Solna

Customer service

+46 (0) 33 47 47 90

Solna, Sweden

To startpage

ICA Gruppen AB

ICA Gruppen AB

Box 4075

169 04 Solna, Sweden

Telephone

+46 (0) 8 56 15 00 00

Visitors adress

Kolonnvägen 20, 169 71 Solna

Customer service

+46 (0) 33 47 47 90

Headquarters

Solna, Sweden

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Latest news

Latest news

  • 2023-02-24 08:00 ICA Gruppen publishes annual report 2022
  • 2023-02-16 08:45 ICA Gruppen issues SEK 3.5 billion in bonds
  • 2023-02-08 09:35 Correction: ICA Gruppen year-end report 2022
  • 2023-02-08 07:00 ICA Gruppen year-end report 2022

Processing of personal data

Processing of personal data

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  • Job applicants
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Social channels

Social channels

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About ICA Gruppen

  • Our business
  • Our values
  • Goals and strategy
  • Engagement
  • Organization
  • Corporate governance

Sustainability

  • Governance
  • Sustainability work
  • Climate
  • Human rights
  • Sponsorship
  • Question and answer

Innovation

  • ICAx - our innovationshub

Careers

  • Available jobs
  • Find your area
  • Your future with us
  • Life at ICA
  • Student

Financial

  • Press releases
  • Reports
  • Credit market
  • Calendar
  • Contact

Media

  • Press releases
  • Images and films
  • Social media
  • Question and answer
  • Subscribe
  • Contact


To startpage


ICA Gruppen AB

Box 4075

169 04 Solna, Sweden

Telephone

+46 (0) 8 56 15 00 00

Visitors adress

Kolonnvägen 20, 169 71 Solna

Customer service

+46 (0) 33 47 47 90

Solna, Sweden

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