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 forICA 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, totalingSEK -2 million (-13) -
Earnings per share were
SEK 6.87 (6.45) -
Cash flow from operating activities, excluding
ICA Bank , wasSEK 2,318 million (1,752)
Events after the end of the quarter
- Payout of funding capital from
Afa Insurance will have aSEK +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
"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
Conference call for the media and financial market
For more information
icagruppen.se
This is information that
https://news.cision.com/ica-gruppen-ab/r/ica-gruppen-interim-report-q3-2021,c3442135
https://mb.cision.com/Main/7955/3442135/1487613.pdf
https://mb.cision.com/Public/7955/3442135/b9f29912878b331c.pdf
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