ICA Gruppen announces 2015 Fourth quarter results

Solna, Sweden, 2016-Feb-11 — /EPR Retail News/ — Stable year, but competition is growing

Fourth quarter of 2015 in summary

  • Consolidated net sales amounted to SEK 26,489 million (23,180). Excluding acquisition and divestment effects, the increase was 4.8%
  • Operating profit excluding non-recurring items was SEK 1,024 million
    (1,081). This includes costs of SEK 76 million related to the integration of Apotek Hjärtat
  • Profit from continuing operations (ICA Gruppen excl. ICA Norway) was SEK 1,427 million (807). Profit includes capital gains of SEK 457 million (-5) from sales of non-current assets
  • Earnings per share for continuing operations were SEK 7.10 (3.73)
  • Cash flow from operating activities amounted to SEK 1,862 million (1,676)
  • The Board of Directors proposes a dividend for 2015 of SEK 10.00 per share (9.50), corresponding to 41% of profit for the year

After the end of the quarter

  • On 20 January all outstanding C shares were converted to ordinary shares

Comment from the CEO of ICA Gruppen, Per Strömberg:

“We delivered a stable result for the full year 2015 and are pleased overall with our performance for the year. At the same time, we are seeing a tougher competitive situation in our markets, where during the second half of the year ICA Sweden began losing market shares for the first time in a long time. However, the slightly lower earnings during the fourth quarter compared with a year ago is mainly attributable to costs for expansion and investments in the future.”

For further information, please contact:

Frans Benson, VP Investor Relations
tel. +46 8-561 500 20

ICA Gruppen press service
Tel +46 10 422 52 52

Press and analyst meeting
ICA Gruppen is arranging a press and analyst meeting at Tändstickspalatset, Stockholm, on Wednesday, 10 February 2016 at 10.00 CET. CEO Per Strömberg and CFO Sven Lindskog will present the interim report. The meeting will be webcast and can be followed at www.icagruppen.se/investerare. There is also an opportunity to call in on tel. SE +46 8 566 426 69 UK +44 203 008 9809

Calendar

9 March 2016                        Publication of ICA Gruppen’s Annual Report

20 April 2016                         Annual General Meeting

4 May 2016                           Interim report January–March 2016

17 August 2016                     Interim report January–June 2016

9 November 2016                  Interim report January–September 2016

8 February 2017                    Year-end report 2016

ICA Gruppen discloses the information provided herein pursuant to the Securities Market Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 07:00 CET on Wednesday, 10 February, 2016.

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