• Consolidated net sales amounted to SEK 29,818 million (28,846), an increase of 3.4%
• Operating profit excluding items affecting comparability was SEK 1,599 million (1,499). Recalculated for IFRS 16, operating profit for the comparison period in 2018 was SEK 1,549 million
• Profit for the period was SEK 1,202 million (1,082)
• Profit includes capital losses on sales of non-current assets and impairment losses totalling SEK -4 million net (-96)
• Earnings per share were SEK 5.96 (5.36)
• Cash flow from operating activities amounted to SEK 1,915 million (1,071)
• Excluding ICA Bank, cash flow totalled SEK 2,342 million (583). Recalculated for IFRS 16, cash flow excluding ICA Bank 2018 was SEK 1,467 million
• ICA Bank signed an agreement with partner companies to form a jointly owned mortgage company

Events after the end of the quarter

• No significant events have taken place after the end of the quarter

From our sustainability report

Apart from focusing on achieving our long-term sustainability targets, intensive work is under way in several sustainability areas. For example, we are in full swing with starting the implementation of our new fuel strategy, with the goal that all goods transports for the Group will be fossilfree by 2030 at the latest, and in Sweden's three major metropolitan areas already by 2025. Additionally, many activities are being carried out as part of our ambition to contribute to a circular and sustainable plastics system.

Comment from CEO Per Strömberg

“Today we can report yet another good quarter with consistently stable earnings performance. The exception is Apotek Hjärtat, where sales and earnings during the quarter were unfortunately hurt by the disruptions we experienced during the start-up of the automated warehouse in Norrköping. Some exciting news that we communicated in September is that ICA Bank has signed an agreement to collaborate with four long-term, strong partners on the launch of a new mortgage company that will offer home mortgages in the Swedish market. This is a future-oriented project in which we are advancing our position in the banking market and will be able to offer attractive, comprehensive solutions to our customers in a better way.”

For more information

ICA Gruppen press service,
telephone number: +46 (0)10 422 52 52

Frans Benson, Head of Investor Relations,
telephone number: +46 (0)705 10 70 95
icagruppen.se

This is information that ICA Gruppen AB (publ.) is obliged to make public pursuant to the EU Market Abuse Regulation and the Swedish Securities Markets Act. The information was submitted for publication, through the agency of the contact persons set out above, at 07:00 CET on Thursday, 24 October, 2019.