ICA Gruppen appoints Maria Lundberg as the new Chief Information Officer

Solna, Sweden, 2017-Aug-22 — /EPR Retail News/ — Maria Lundberg has been named as the new Chief Information Officer (CIO) of ICA Gruppen. To enable ICA to better capitalise on opportunities created by digitalisation of businesses and to further strengthen Group synergies in IT, she will also have a seat on the ICA Management Team. Maria is currently Director of IT for ICA Sweden. She will assume her new position on 1 January 2018.

Maria Lundberg has a long record of experience in IT and the grocery retail business through her current role as Director of IT for ICA Sweden and has previously worked for Axfood and in various positions at Tieto Enator. ICA Gruppen’s previous CIO, Yngve Nivaeus, is leaving ICA after ten years in that position.

“Digitalisation is becoming an increasingly important part of ICA Gruppen’s business and a driver of innovation in customer communication, sales via new channels, and digitalisation of internal processes. This work is already under way, and with Maria on the ICA Management Team my hope is that we will be able to create even better conditions for consensus and coordination,” comments Per Strömberg, CEO of ICA Gruppen.

Organisationally the IT function will continue to be part of Finance, and the CIO will report to ICA Gruppen’s CFO, Sven Lindskog. The work on finding a successor to Maria Lundberg as Head of IT for ICA Sweden has begun.

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

Source: ICA Gruppen

ICA Gruppen strengthens its digital ecosystem with new innovation hub ICAx

ICA Gruppen strengthens its digital ecosystem with new innovation hub ICAx

 

Solna, Sweden, 2017-Aug-17 — /EPR Retail News/ — The new innovation hub ICAx will strengthen ICA Gruppen’s ability to use digital technology to improve its customer offerings in and between the Group’s various companies. Within this hub ICA will work with its own digital development projects, strategic partnerships with other companies, and potentially also with acquisitions. The aim of the initiative is to accelerate development of digital services for ICA Gruppen’s various companies and strengthen the Group’s digital ecosystem.

The goal is that ICAx will deliver three to six new projects per year and also leverage internal ideas across ICA Gruppen in a structured manner.

“We will combine the stability, resources and customer base of a major corporation with the speed and agility from the start-up world,” comments Per Strömberg, CEO of ICA Gruppen. “By creating a separate unit dedicated to innovation and development as well as to forging strategic, digital partnerships with other enterprises, we will be able to more quickly develop services that improve our customer offering. We are prepared to make significant investments on developing services that create customer benefit. The goal is that customers will see new services from ICAx already by the end of this year.”

ICAx will be headed by Samuel Young, who has a long record of experience at ICA but comes most recently from his role as CEO of the company Smart Video. Samuel will report to Peter Muld, who is Chief Digital Officer at ICA Gruppen.

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

Source: ICA Gruppen

###

ICA Gruppen Q2 2017 earnings: Consolidated net sales up by 3.7% to SEK 27,198 million

Underlying earnings stable; higher costs from new ventures

Solna, Sweden, 2017-Aug-17 — /EPR Retail News/ —

Second quarter of 2017 in summary

  • Consolidated net sales amounted to SEK 27,198 million (26,222), an increase of 3.7%
  • Operating profit excluding non-recurring items totalled SEK 1,094 million (1,154)
  • The sale of ICA Real Estate in Norway and inkClub, and costs ahead of the integration of the acquisition of IKI in Lithuania, affected operating profit excluding nonrecurring items by a combined total of SEK -53 million
  • Profit for the period was SEK 1,021 million (829). Profit includes capital gains on sales of non-current assets and impairment losses totalling SEK 165 million net (-37)
  • Earnings per share were SEK 5.06 (4.12)
  • Cash flow from operating activities amounted to SEK 2,001 million (1,785). Excluding ICA Bank, cash flow was SEK 1,836 million (1,463)
  • The sale of 12 properties to Secore Fastigheter was completed on 2 June, generating a capital gain of approximately SEK 150 million

After the end of the quarter

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

Comment from the CEO of ICA Gruppen, Per Strömberg:

“We had stable underlying earnings during the second quarter, with Apotek Hjärtat – above all – posting a good quarter. Other businesses have been affected by divestments to varying degrees – particularly the sale of properties in Norway – as well as by ongoing activities and ventures. Higher costs have resulted in a slightly lower operating margin than a year ago, but with a high level of activity it is at the same time natural that there will be variations from quarter to quarter that affect earnings. In the long-term perspective we are on track to meeting our targets.”

Press and analyst meeting

ICA Gruppen is arranging a press and analyst meeting on Wednesday 16 August at 10.00 CET at Tändstickspalatset, Västra Trädgårdsgatan 15 in Stockholm. CEO Per Strömberg and CFO Sven Lindskog will present the interim report. The conference can also be followed at www.icagruppen.se/investerare.

To call in, please dial:

SE +46 8 5050 3050

UK +44 203 655 1001

Conference PIN: 1839741#

Calendar

10 November 2017                Interim report third quarter

14 December 2017                Capital Markets Day

8 February 2018                    Year-end report 2017

This information is such that ICA Gruppen AB is obligated to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication at time 07.00 CET on Wednesday, August 16, 2017.

For further information, please contact:
Frans Benson
Head of Investor Relations
tel. +46 8-561 500 20
ICA Gruppen press service
Tel +46 10 422 52 52

Source: ICA Gruppen

ICA Gruppen Q2 2017 Sustainability Report: Continued decrease in GHG emissions and new circular system for reducing food waste

Solna, Sweden, 2017-Aug-17 — /EPR Retail News/ — “By virtue of our size we have a great responsibility, but on top of this we also clearly see that sustainability is a driver of growth. We see it in our figures, and it is also evident in numerous, independent studies. Companies with effective sustainability work are on average more profitable and deliver higher returns to their shareholders,” says Per Strömberg, CEO ICA Gruppen in his comments on the report.

See the Sustainability Report for more information, including:

  • ICA Gruppen’s greenhouse gas emissions decreased by 41% during the period July 2016–June 2017 compared with the base year 2006.
  • Continued growth in sales of ecolabelled, organic and ethically labelled products in ICA Sweden’s central assortment. In total, sales of such products during the period July 2016–June 2017 grew 8% compared with the corresponding period a year ago.
  • New packaging contributing to lower food waste. By changing over to a new form of packaging for large parts of the meat range, considerably longer shelf life has been achieved as well as improved flavour.
  • Food waste becomes fish in circular system. Waste from potatoes is being used to breed insects, which in turn are being used as fish feed for Arctic char sold under ICA Sweden’s private label.
  • During the spring Apotek Hjärtat changed over to using plastic bags made of sugar cane. When incinerated the bags produce 85% less CO2than petroleum-based bags.

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

Source: ICA Gruppen

ICA Gruppen First quarter of 2017 financial results: Consolidated net sales increased by 0.9%

Solna, Sweden, 2017-May-11 — /EPR Retail News/ — Solid results in a weaker market.

First quarter of 2017 in summary

  • Consolidated net sales amounted to SEK 24,984 million (24,761), an increase of 0.9%
  • Operating profit excluding non-recurring items totalled SEK 996 million (959).
  • Profit for the period was SEK 1,132 million (735). Profit includes capital gains on sales of non-current assets and impairment losses totaling SEK 399 million net (17)
  • Earnings per share were SEK 5.61 (3.65)
  • Cash flow from operating activities for continuing operations amounted to SEK -51 million (398). Excluding ICA Bank, cash flow was SEK 492 million (531)
  • The sale of properties in Norway was completed on 1 February, generating a capital gain of approximately SEK 400 million

After the end of the quarter

  • On 7 April the Annual General Meeting voted in favour of the Board’s proposed dividend of SEK 10.50 per share
  • Anette Wiotti was elected by the Annual General Meeting as a new board member and replaces Peter Berlin, who declined re-elections

Comment from the CEO of ICA Gruppen, Per Strömberg:

“The first quarter looked roughly like the end of last year – a slightly more tentative market with weak volume development in which a comparatively large share of sales growth was price-driven. The fact that Easter falls in April this year and February 2016 included a leap day makes it a bit difficult to have an exact idea of the market’s development, but we believe our sales are well in line with the market. As for earnings, we are in line with our financial targets and have stable margins, which we are satisfied with.”

For further information, please contact:

Frans Benson
Head of 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 via conference call, on Tuesday 9 May at 10.00 CET. CEO Per Strömberg and CFO Sven Lindskog will present the interim report. The conference can be followed at www.icagruppen.se/investerare.

To call in, please dial:

SE +46 8 5050 3050

UK +44 203 655 1001

Conference PIN: 8023887#

Calendar

16 August 2017                     Interim report second quarter

10 November 2017               Interim report third quarter

8 February 2018                   Year-end report 2017

This is information that ICA Gruppen AB (publ.) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 07:00 CET on Tuesday, May 9, 2017.

SOURCE: ICA Gruppen

ICA Gruppen presents its 1Q 2017 sustainability report

Solna, Sweden, 2017-May-11 — /EPR Retail News/ — ICA Gruppen presents its sustainability report for the first quarter 2017. This is a quarterly report about ICA Gruppen’s work on issues relating to sustainability. The report show developments during the year and covers all companies within ICA Gruppen.

“ICA Gruppen aims to be a leader in sustainability. For the past several years we have been working actively and in a structured manner with continuous change in all steps of the value chain. The end goal is to influence producers and consumers in a more sustainable direction and to conduct our own operations in a climate-smart manner,” comments Per Strömberg, CEO of ICA Gruppen.

Read more about the following and other news in the sustainability report:

  • ICA Gruppen’s greenhouse gas emissions decreased by 36% (24%) during the period April 2016–March 2017 (rolling 12 months) compared with the base year 2006.
  • Continued sales growth for the eco-labelled, organic and ethically labelled range. In total, sales of organic products from ICA Sweden’s central assortment grew 8% (18%) during the period April 2016–March 2017 (rolling 12 months) compared with the corresponding period a year ago.
  • “Välj med Hjärtat” label rolled out at all pharmacies. The label (“Choose with your Heart”) has been developed to help customers make environmentally sustainable choices of both over-the-counter medicines and traded goods.
  • Partnership for reduced food waste. To reduce food waste at stores, during the quarter ICA Sweden began working with the organisation Food- 2change.
  • Hemtex on the list of the ten brands that buy the most Better Cotton in relation to their total use of cotton.
  • In mid-December 2016, the cooperation between ICA Sweden and the Federation of Swedish Farmers (LRF) was extended. The purpose of the cooperation is to broaden the offering of Swedish products in stores, increase sales of Swedish foods, and contribute to the development and growth of Sweden’s rural areas.

SOURCE: ICA Gruppen

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

ICA Gruppen to release its Q1 report 2016 on Tuesday, 9 May 2017

Solna, Sweden, 2017-May-02 — /EPR Retail News/ — ICA Gruppen will publish its Q1 report 2016 on Tuesday, 9 May 2017. In conjunction to this, we are pleased to issue this invitation to a press and analyst telephone conference.

Time: Tuesday, 9 May 2017 at 10.00 CET

ICA Gruppen’s CEO Per Strömberg and CFO Sven Lindskog will present the interim report with the possibility to ask questions afterwards. The presentation can be followed athttp://www.icagruppen.se/en/investors

If you would like to ask questions after the presentation, please dial in:

SE +46 8 5050 3050
UK +44 203 655 1001
Conference PIN:   8023887#

A recorded version of the audiocast will be available on the company’s website afterwards. The presentation will be held in English.

ICA Gruppen’s Q1 report will be published at 07.00 CET on Tuesday 9 May 2017.

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

Source: ICA Gruppen

ICA Gruppen announces Q4 2016 financial results

Solna, Sweden, 2017-Feb-08 — /EPR Retail News/ —

Fourth quarter of 2016 in summary

  • Consolidated net sales amounted to SEK 26,920 million (26,489), an increase of 1.6%
  • Operating profit excluding non-recurring items totalled SEK 1,180 million (1,024). Operating profit for the comparison period included costs of SEK 76 million associated with the acquisition and integration of Apotek Hjärtat
  • Profit from continuing operations (ICA Gruppen excl. ICA Norway) was SEK 784 million (1,427). Profit includes capital gains on sales of noncurrent assets and impairment losses totalling SEK -151 million net (450)
  • Earnings per share for continuing operations were SEK 3.89 (7.1)
  • Cash flow from operating activities for continuing operations amounted to SEK 2,689 million (1,862). Excluding ICA Bank, cash flow was SEK 2,645 (1,995)
  • ICA Gruppen acquired the Lithuanian grocery retail chain IKI
  • The Board of Directors proposes a dividend of SEK 10.50 per share (10.00) for 2016, corresponding to 62% (41%) of profit for the year

After the end of the quarter

  • On 1 February the sale of the Norwegian property holdings was completed

Comment from the CEO of ICA Gruppen, Per Strömberg:

“We ended 2016 with good momentum. Sales for ICA stores performed better than the market during the second half, which means that based on preliminary market data for the full year we grew our market share slightly, and we continue to show good growth for Rimi Baltic and Apotek Hjärtat. In terms of earnings we are in line with our financial targets, and we have a strong cash flow. We have also completed the sale of the Norwegian properties and taken an important step towards increasing our footprint in Lithuania through the acquisition of IKI, which we communicated just before Christmas.”

Press and analyst meeting

ICA Gruppen is arranging a press and analyst meeting at Tändstickspalatset, Stockholm, on Wednesday, 8 February 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 +46856642661
UK +442030089801

Calendar

7 April 2017 Annual General Meeting
9 May 2017 Interim report first quarter
16 August 2017 Interim report second quarter
10 November 2017 Interim report third quarter
7 February 2018 Year-end report 2017

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 Wednesday, February 8, 2017.

For further information, please contact:
Frans Benson
Head of Investor Relations
tel. +46 8-561 500 20

ICA Gruppen press service
Tel +46 10 422 52 52

Source: ICA Gruppen

ICA Gruppen CEO and CFO to present Q4 report on February 8

Solna, Sweden, 2017-Feb-06 — /EPR Retail News/ — ICA Gruppen will publish its Q4 report 2016 on Wednesday, 8 February 2017. In conjunction to this, we are pleased to issue this invitation to a press and analyst meeting.

Place: Tändstickspalatset, Västra Trädgårdsgatan 15, Stockholm

Time: Wednesday, 8 February 2017 at 10.00 CET

ICA Gruppen’s CEO Per Strömberg and CFO Sven Lindskog will present the interim report and answer any subsequent questions. The press and analyst meeting will be available as a live webcast and can be viewed at http://www.icagruppen.se/en/investors

To attend the telephone conference:

SE: +46856642661

UK: +442030089801

A recorded version of the webcast will be available on the company’s website afterwards. The presentation will be held in English. Please register to ir@ica.se.

ICA Gruppen’s Q4 report will be published at 07.00 CET on Wednesday, 8 February 2017.

For more information:

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

Source: ICA Gruppen

ICA Gruppen to announce Q4 report 2016 on Wednesday, 8 February 2017

Solna, Sweden, 2017-Feb-02 — /EPR Retail News/ — ICA Gruppen will publish its Q4 report 2016 on Wednesday, 8 February 2017. In conjunction to this, we are pleased to issue this invitation to a press and analyst meeting.

Place: Tändstickspalatset, Västra Trädgårdsgatan 15, Stockholm

Time: Wednesday, 8 February 2017 at 10.00 CET

ICA Gruppen’s CEO Per Strömberg and CFO Sven Lindskog will present the interim report and answer any subsequent questions. The press and analyst meeting will be available as a live webcast and can be viewed at http://www.icagruppen.se/en/investors

To attend the telephone conference:

SE: +46856642661

UK: +442030089801

A recorded version of the webcast will be available on the company’s website afterwards. The presentation will be held in English. Please register to ir@ica.se.

ICA Gruppen’s Q4 report will be published at 07.00 CET on Wednesday, 8 February 2017.

Contact:

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

Source: ICA Gruppen

ICA Real Estate to sell ICA Eiendom Norge AS to UNION Real Estate Fund II for SEK 2.2 billion

Solna, Sweden, 2016-Dec-05 — /EPR Retail News/ — ICA Real Estate is selling ICA Eiendom Norge AS, with an underlying property value of SEK 2.2 billion, to UNION Real Estate Fund II, a real estate fund managed by the Norwegian firm UNION Eiendomskapital. The deal gives ICA Gruppen a positive cash flow of approximately SEK 1.9 billion and a capital gain of slightly more than SEK 400 million¹. The sale of ICA Eiendom is being made as a result of ICA Gruppen’s previous sale of its grocery retail business in Norway.

The sale of the company ICA Eiendom includes a property portfolio as well as the existing organisation. In all, the sale covers 58 properties in Norway, and the transaction is expected to close in February 2017.

The sale of ICA Eiendom will generate a capital gain of approximately SEK 400 million¹ for ICA Gruppen, which will be recognised during the first quarter of 2017. With this sale the entire property portfolio in Norway will have been divested. A total of 73 properties have been sold for SEK 2.8 billion, generating a capital gain of slightly more than SEK 430 million.

“Interest in the properties has been great,” comments Per Strömberg, CEO of ICA Gruppen. “We are satisfied with the purchase price and that our employees at ICA Eiendom are being offered continued employment. It feels good that we can now conclude the process of leaving Norway that we began in 2014.”

For the sale of ICA Eiendom, Pangea Property Partners has served as financial advisor, Advokatfirmaet Haavind has served as legal advisor, and Handelsbanken Capital Markets has served as debt financial advisor.

EBITDA for ICA Eiendom was SEK 159 million in 2015 and SEK 91 million on a rolling 12-month basis.

This information is such that ICA Gruppen is obligated to make public pursuant to the EU Market Abuse Regulation and the Swedish Securities Market Act. The information was submitted for publication at 07:45 CET on Friday, 2 December 2016.

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

Source:  ICA Gruppen

ICA Gruppen releases its 3Q FY2016 sustainability report

Solna, Sweden, 2016-Nov-10 — /EPR Retail News/ — ICA Gruppen adresses important issues and initiatives regarding the environment, quality, ethical trade, health and community engagement in the sustainability report for the third quarter of 2016.

“Most of what we do in the area of sustainability involves long-term initiatives and continuous improvements. But on top of this we do not hesitate to try novel – and sometimes even unconventional – approaches. These include, without a doubt, our Klimaträtt (“Climate right”) project, which we have been conducting in partnership with WWF, Chalmers University of Technology and Uppsalahem, among others. In September the UN announced that Klimaträtt has been awarded as one of most innovative and scalable examples of what companies can do create digital solutions for reduced environmental impact,” comments Per Strömberg, President and CEO of ICA Gruppen.

Read more about the following and other news in the sustainability report:

  • Continued strong sales of organic products
    Sales of organic products continued to rise during the third quarter. Intotal, sales of organic products from ICA Sweden’s central assortmentgrew 16% (2%) during the quarter compared with the correspondingperiod a year ago. On a rolling 12-month basis, sales growth fororganic products was 19%.
  • ICA Gruppen’s Klimaträtt (“Climate right”) project wins UN award
    In the jury’s citation, Klimaträtt is described as one of most innovative and scalable global examples of what companies can do to address and create solutions for reduced environmental impact.
  • Juice and marmalade from 10,000 kg of fruit
    In partnership with the Helsingborg-based company Rescued Fruits, ICA Sweden has taken care of 10,000 kg of fruit that would otherwise have been discarded from ICA’s warehouses. The left-over fruit has instead been made into fruit drink and marmalade sold under ICA’sprivate label.
  • Stronger sustainability focus in management and board
    To further strengthen ICA’s sustainability work, Kerstin Lindvall wasnamed Chief Corporate Responsibility Officer and as a member of ICA Gruppen’s Management Team. In conjunction with this, a sustainability committee is being formed in ICA Gruppen’s board to increase focus on CR issues.

This information is such that ICA Gruppen AB is obligated to make public pursuant to the EU Market Abuse Regulation and the Swedish Securities Market Act. The information was submitted for publication at 08:00 CET on Thursday, November 10, 2016.

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

Source: ICA Gruppen

ICA Gruppen announces Q3 FY2016 financial results

Solna, Sweden, 2016-Nov-09 — /EPR Retail News/ — Favourable earnings and higher market shares

Third quarter of 2016 in summary

  • Consolidated net sales amounted to SEK 25,752 million (25,517), an increase of 0.9%
  • Operating profit excluding non-recurring items totalled SEK 1,376 million (1,321). Operating profit for the comparison period included costs of SEK 52 million associated with the acquisition and integration of Apotek Hjärtat
  • Profit from continuing operations (ICA Gruppen excl. ICA Norway) was SEK 1,049 million (979). Profit includes capital gains on sales of non-current assets and impairment losses totalling SEK 20 million, net (-43)
  • Earnings per share for continuing operations were SEK 5.21 (4.83)
  • Cash flow from operating activities for continuing operations amounted to SEK 550 million (955). Excluding ICA Bank the cash flow was SEK 1,045 million (624)

After the end of the quarter

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

Comment from the CEO of ICA Gruppen, Per Strömberg: “Compared with the market, we had good growth in our store sales during the third quarter. At the same time, in Sweden we saw clearly lower food price inflation and a significantly lower rate of growth in the market during the summer. Most of our businesses are showing improved earnings and have stable or growing margins. We are pleased with this, especially in view of the slightly higher level of costs we have in many parts of the Group for ongoing future investments.”

Press and analyst meeting

ICA Gruppen is arranging a press and analyst meeting at Tändstickspalatset, Stockholm, on Wednesday, 9 November 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: +46856642695
UK: +442030089801

Calendar:

15 December 2016                Capital Markets Day

8 February 2017                    Year-end report 2016

7 April 2017                            Annual General Meeting

9 May 2017                             Interim report first quarter

16 August 2017                      Interim report second quarter

10 November 2017               Interim report third quarter

This information is such that ICA Gruppen AB is obligated to make public pursuant to the EU Market Abuse Regulation and the Swedish Securities Market Act. The information was submitted for publication at time 07.00 CET on Wednesday, November 9, 2016.

For further information, please contact:

Frans Benson
Head of Investor Relations
tel. +46 8-561 500 20
ICA Gruppen press service
Tel +46 10 422 52 52

Source: ICA Gruppen

ICA Gruppen to announce its Q3 report 2016 on Wednesday, 9 November 2016

Solna, Sweden, 2016-Nov-03 — /EPR Retail News/ — ICA Gruppen will publish its Q3 report 2016 on Wednesday, 9 November 2016. In conjunction to this, we are pleased to issue this invitation to a press and analyst meeting.

Place: Tändstickspalatset, Västra Trädgårdsgatan 15, Stockholm

Time: Wednesday, 9 November 2016 at 10.00 CET

ICA Gruppen’s CEO Per Strömberg and CFO Sven Lindskog will present the interim report and answer any subsequent questions. The press and analyst meeting will be available as a live webcast and can be viewed at http://www.icagruppen.se/en/investors

To attend the telephone conference:

SE: +46856642695

UK: +442030089801

A recorded version of the webcast will be available on the company’s website afterwards. The presentation will be held in English. Please register to ir@ica.se.

ICA Gruppen’s Q3 report will be published at 07.00 CET on Wednesday, 9 November 2016.

This information is such that ICA Gruppen AB is obligated to make public pursuant to the EU Market Abuse Regulation and the Swedish Securities Market Act. The information was submitted for publication at 10.00 CET on Wednesday November 2, 2016.

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

Source: ICA Gruppen

UN recognises ICA for its Climate right project

Solna, Sweden, 2016-Sep-30 — /EPR Retail News/ — The UN today (2016, 29 September) announced that ICA has received an award for its Climate right project. The award will be presented in the middle of November at the UN Climate Change Conference in Marrakech, Morocco. Klimaträtt has helped and inspired the residents of an apartment building in Uppsala to reduce their climate impact in a simple manner.

Climate right was cited as one of the most innovative and scalable global examples of what companies can do to address and create solutions for reduced environmental impact. ICA and Klimaträtt were one of the winners in the Information and Communication Technology category. A total of 13 winners are named globally in each of the different categories.

“It is a great honour for us that the UN has taken notice and highlighted the Climate right project as a global model,” comments Per Stromberg, President and CEO of ICA Gruppen. “By developing innovative ways to help customers make sustainable choices in their daily lives, we at ICA can make a big contribution.”

The award is spearheaded by the United Nations Climate Change secretariat through its Momentum for Change initiative and will be presented at the UN Climate Change Conference (COP22) in Marrakech, Morocco, in mid-November.

“What a fantastic award! This is further proof of how exciting and interesting our project is,” comments Kerstin Lindvall, SVP Corporate Responsibility ICA Sweden. “Climate right resulted in an average 31% lower climate footprint among the project’s participants. If everyone in Sweden were to achieve as big a reduction in carbon emissions, it would correspond to half of Sweden’s target for lower emissions by 2020.”

About Klimaträtt
The Climate-right project has helped and inspired the residents of an apartment building in Uppsala to reduce their climate impact through a number of simple, practical tools as they go about their daily lives. Using an app that converts the participants’ various purchases into CO2 emissions, the participants have had an opportunity to measure and reduce their climate impact since April 2015. Using the Klimaträtt app, the building residents have been able to measure their daily climate impact caused by the food they buy, their housing, transportation, and other consumption. Klimaträtt was started at the initiative of ICA and Uppsalahem, with the support of sponsoring partners WWF/Världsnaturfonden, Chalmers, ICA Bank, ICA Supermarket Torgkassen, Sunfleet, UL, Automile, Uppsala municipality and Energimolnet. The Swedish innovation agency VINNOVA also participated by funding development of the app for the Klimatträtt project through its environmental technology testbed programme.

About Momentum for Change
The award is headed by the United Nations Climate Change secretariat through its Momentum for Change initiative, which which operates in partnership with the World Economic Forum Global Project on Climate Change and the Global e-Sustainability Initiative.

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

Source: ICA Gruppen

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.

ICA Gruppen commits to be climate-neutral by 2020

SOLNA, SWEDEN, 2015-12-9 — /EPR Retail News/ — ICA Gruppen has taken the decision to be climate-neutral by 2020.* This encompasses the climate impact of operations in stores, pharmacies, warehouses and offices from areas such as refrigerants, electricity, goods transports and business travel in both the Swedish and Baltic operations. The decrease will be measured using a science-based method developed by the UN and WWF, among others.

ICA will achieve this by reducing greenhouse gas emissions and through more efficient use of resources as well as by climate compensating the climate impact than cannot be eliminated in ICA’s operations by 2020. The target has been set using a method for science-based climate targets developed by WWF, the UN Global Compact, CDP and the World Resources Institute.

“Sustainability and the climate are a strategic priority for us,” comments Per Strömberg, CEO of ICA Gruppen. “We achieved our previous target – to lower our direct climate impact by 30% from 2006 to 2020 – already at the start of this year. So we know what we are capable of. We are therefore now setting a much more ambitious climate target that we are proud of and that hopefully will inspire other companies to take their responsibility.”

Climate impact of our suppliers
ICA aspires to be a driver in this development and will therefore, on top of the climate target for its own operations, be further developing the manner of working for lower climate impact among its suppliers. This is also in line with the method of setting science-based climate targets. Today ICA already works on reducing the climate impact from its product range by making certain demands on its suppliers in the environmental area, but also by focusing on matters such as greater sales of vegetarian meals, and fruits and vegetables.

Climate impact of our customers
In addition to setting an ambitious climate target, ICA is also developing services designed to help customers lower their own climate impact. Among other things, ICA is working with recipes on ica.se that have been created to help customers eat more climate-smart. Another example is the Klimaträtt project, which allowed participants to monitor their climate impact weekly and thereby see the consequences of various changes in their lifestyle. The Klimaträtt project helped the participants reduce their climate impact by 31%.

In addition, in cooperation with Stockholm Resilience Center, during the year ICA conducted a study at 26 ICA stores focusing on how customers can be urged to make more climate-conscious choices through so-called green nudging. The result showed that there is potential in how we can use various tools to steer customers toward sustainable choices.

*The climate target encompasses the direct climate impact in all of ICA Gruppen’s companies excluding the portfolio company inkClub.
Read more about science-based climate targets at http://sciencebasedtargets.org.

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

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 time CET 8:00 a.m on Monday, 7 December 2015.

SOURCE:  ICA Gruppen AB