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% |
ROCE*** | 10% | -2.5 % | 7.5% |
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