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2016-12-15

ICA Gruppen AB: ICA's Capital Markets Day - investing for the future

Press Release Solna, 15 December 2016

Today, 15 December 2016, ICA Gruppen is arranging a Capital Markets
Day in Stockholm. The programme includes, among other things, a
review of the Group's strategic priorities and goals as well as
business reviews for Rimi Baltic, Apotek Hjärtat and ICA Sweden.

ICA Gruppen's management is today meeting with financial analysts,
bank representatives and the media to present the company's
strategies, view of the market, and investments. During the day ICA
will, among other things, talk about the Group's investment level for
2017 and the number of establishments.

To secure its long-term growth, ICA Gruppen will expand its capex
budget from SEK 2.5 billion in 2016 to SEK 3.5 billion in 2017. Among
other things, ICA Gruppen is increasing its investments in IT in all
companies. The investments will create better conditions for
continued digitalisation, improved loyalty services and improved
operation of the daily business. But ICA Gruppen is also investing in
strengthening and modernising its pharmacy and store network as well
as in an expansion of Rimi Baltic's central warehouse.

The investments will be partly financed through the sale of real
estate. On top of the previously communicated sale of the Norwegian
property portfolio, during the spring of 2017 ICA will sell
additional properties to a joint venture, which is expected to
generate approximately SEK 800 million.

The number of new store establishments in 2017 is expected to be
slightly lower than in 2016. ICA Sweden plans to open 10 to 15 new
stores in 2017, compared with a total of 17 in 2016. Rimi Baltic
plans to open ten new stores in 2017, compared with a total of 15 in
the current year. Apotek Hjärtat plans to open a total of 14 new
pharmacies in 2017, compared with 11 this year.

For more information

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

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 07.30
CET on Thursday, 15 December 2016.

ICA Gruppen AB (publ) is a leading retail company with a focus on food
and health. The Group includes ICA Sweden and Rimi Baltic which
mainly conduct grocery retail, ICA Real Estate which owns and manages
properties, ICA Bank which offers financial services and Apotek
Hjärtat which conducts pharmacy operations. The Group also includes
Hemtex. For more information see icagruppen.se

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http://news.cision.com/ica-gruppen-ab/r/ica-s-capital-markets-day---inve...
http://mb.cision.com/Main/7955/2150184/603860.pdf

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