IC Group A/S announced earnings results for the first quarter ended September 30, 2018. For the first quarter, the company announced sales was DKK 379 million compared to DKK 464 million a year ago. Operating income was DKK 8 million compared to DKK 69 million a year ago. Net income was DKK 5 million compared to DKK 110 million a year ago. Basic earnings per share was DKK 0.3 compared to DKK 6.6 a year ago. Basic earnings per share from continuing operations was DKK 0.3 compared to DKK 3.3 a year ago.

The Group's expectations for the financial year 2018/19 as a whole are unchanged in spite of the weak performance in physical retail reported by all Group brands in the first quarter of 2018/19 where the weather conditions have had a negative impact. The flat revenue development for the Group brands in total, measured in local currency, is expected.