ICA Gruppen applies IFRS 15 starting in 2018 and will begin reporting in accordance with IFRS 16 in 2019. As a consequence of this, two of ICA Gruppen’s financial targets are being adjusted as from 1 January 2019.
The Group’s financial targets have been set to ensure that ICA Gruppen creates long-term value for the shareholders and reflect the Group’s focus on the stable grocery retail sector. The table below summarises how the financial targets will be affected.
|Previously reported targets||Change||Targets adjusted for IFRS|
|Grow faster than the market||All markets||No change||All markets|
|Operating margin excluding items affecting comparability||4.5%||No change||4.5%|
|Net debt/EBITDA||< 2.0x||1.0x||< 3.0x|
|Dividend (% of profit for the year)||> 50%||No change||> 50%|
*** Excluding ICA Banken
For more information
ICA Gruppen press service, Telephone number: +46 10 422 52 52