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


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