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Swedish ICA stores sales decreased by 0.6% in March 2017 vs. same month last year

Solna, Sweden, 2017-Apr-12 — /EPR Retail News/ — Sales in the Swedish ICA stores decreased by 0.6% in March 2017 compared with the corresponding month last year. Sales in like-for-like stores decreased by 1.2%.

March 2017 January – March 2017
Store sales
excl. VAT
Mkr Change all stores Change like-for-like Mkr Change all stores Change like-for-like
Maxi ICA Stormarknad 2,789 -3.1% -3.1% 7,957 -0.9% -0.9%
ICA Kvantum 2,302 1.2% -0.5% 6,522 1.4% -0.1%
ICA Supermarket 2,854 0.3% -0.2% 8,102 0.7% 0.2%
ICA Nära 1,388 -0.3% -0.4% 3,921 0.9% 0.9%
Total 9,334 -0.6% -1.2% 26,502 0.4% -0.1%

In March 2017, sales in the Swedish ICA stores totalled SEK 9,334 million excluding VAT, which is a decrease of 0.6% compared with the same month in the previous year. Sales in January-March 2017 amounted to SEK 26,502 million, an increase of 0.4% compared with the previous year.

ICA Gruppen estimates the calendar effect for March to be -2.0%. The large negative calendar effect relates to Easter in March 2016.

At 31 March 2017, the number of ICA stores in Sweden was 1,294. Store sales for April will be published on 9 May 2017 at 08.45 CET.

To see all publication dates in 2017, please visit ICA Gruppen’s website http://www.icagruppen.se/en/investors/calendar.

For more information:
ICA Gruppen press service
Telephone number: +46 10 422 52 52

Source: ICA Gruppen

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