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2021-10-28

ICA Gruppen AB: ICA Gruppen interim report Q3 2021

Strong quarter - market normalising

  • Higher operating profit and strengthening of operating margin
  • ICA Sweden - stable margin, higher market share
  • Continued earnings improvement for Apotek Hjärtat and higher market shares
  • Rimi Baltic - higher market shares with stable, high earnings
  • ICA Bank - acquisition of Forex and stronger earnings for ICA Insurance

Third quarter 2021

  • Consolidated net sales increased by 2.2% to SEK 32,094 million (31,401)
  • Operating profit excluding items affecting comparability increased to SEK 1,818 million (1,698)
  • Profit for the period was SEK 1,389 million (1,302). This includes the net result of divestments and impairment losses, totaling SEK -2 million (-13)
  • Earnings per share were SEK 6.87 (6.45)
  • Cash flow from operating activities, excluding ICA Bank, was SEK 2,318 million (1,752)

Events after the end of the quarter

  • Payout of funding capital from Afa Insurance will have a SEK +70 million earnings effect for ICA Sweden in the fourth quarter

Comment from CEO Per Strömberg:

"The third quarter was strong, with earnings improvements in all of the Group's operations  except for ICA Sweden, which had a stable quarter with an unchanged margin at the same time that the comparison figures were challenging. With subsiding pandemic effects, we can ascertain that the market in Sweden is on its way to normalising, with - among other things - a continued higher share of sales online than before the pandemic."

"As a result of ICA's initiative to support and develop sustainable, Swedish-made, plant-based foods (ICA Växa), in September the first products were launched under the new "ICA Swedish plant-based" concept. We are also happy to note that the UN will be presenting an award to ICA Gruppen for our Beyond Climate Neutrality climate ambition. The award will be presented in connection with the UN COP26 Climate Change Conference in Glasgow in November."

Conference call for the media and financial market

ICA Gruppen will hold a webcast conference call at 10.00 CET on Thursday 28 October, during which CEO Per Strömberg and CFO Sven Lindskog will present the interim report. The conference call will be conducted in English and can be followed at icagruppen.se/en/investors (https://www.icagruppen.se/en/investors/). To participate, call tel. +46 8 566 426 95 or +44 333 300 9270

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 28 October, 2021.

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