Solna, May 5, 2010
Increased net sales and improved operating income in first quarter
First quarter
• Net sales for the first quarter amounted to SEK 22,719 million (22,559), up 0.7 percent. At constant exchange rates, net sales were up 1.7 percent.
• Operating income amounted to SEK 620 million (266), up 133.1 percent. Operating income excluding capital gains on property sales of SEK 4 million (15) amounted to SEK 616 million (251), up 145.4 percent.
• Income after net financial items amounted to SEK 537 million (164), up 227.4 percent.
• Net income for the first quarter amounted to SEK 395 million (109), up 262.4 percent.
Extract from CEO comment – Kenneth Bengtsson, CEO and President ICA AB
“The first quarter of the year was another strong quarter for the ICA Group despite a challenging economic environment. Our positive development is the result of a good customer offering and the right investments. ICA Sweden’s income improved substantially at the same time that ICA Norway’s loss was reduced significantly during the first quarter. Rimi Baltic’s result also improved slightly in spite of continued difficult market conditions in the Baltic countries. ICA Real Estate and ICA Bank continued their stable development despite slightly lower operating income during the first quarter.“
For the entire report, with a complete comment by the CEO and description of the financial results, please see the attached pdf-file.
| Attachment | Size |
|---|---|
| ICA AB Interim Report Q1 2010.pdf | 643.38 KB |