Solna, August 21 - Net sales during the first half year amounted to SEK 39,490 million (32,671), an increase of 20.9 percent. Rimi Baltic's net sales of SEK 5,120 million are consolidated as of this year. Excluding Rimi Baltic, the Group's net sales were SEK 34,370 million, an increase of 5.2 percent.
Operating income for the first half year decreased to SEK 941 million (1,249), or by 24.7 percent. Operating income includes capital gains on real estate sales and impairment losses on fixed assets of SEK 333 million (193). Excluding these items, operating income decreased by 42.4 percent.
Net income for the first half year amounted to SEK 832 million (1,000), a decrease of 16.8 percent.
Net sales during the second quarter amounted to SEK 20,699 million (17,076), an increase of 21.2 percent. Rimi Baltic’s net sales of SEK 2,730 million are consolidated as of this year. Excluding Rimi Baltic, the Group’s net sales were SEK 17,969 million, an increase of 5.2 percent.
Operating income for the second quarter decreased to SEK 595 million (688), or by 13.5 percent. Operating income includes capital gains on real estate sales and impairment losses on fixed assets of SEK 215 million (97). Excluding these items, operating income decreased by 35.7 percent.
Net income for the second quarter amounted to SEK 491 million (535), a decrease of 8.2 percent.
About ICA
The ICA Group (ICA AB) is one of the Nordic region’s leading retail companies, with around 2,300 of its own and retailer-owned stores in Sweden, Norway and in the Baltic States. The Group includes the sales companies ICA Sverige, ICA Norge and Rimi Baltic. ICA also offers financial services to Swedish customers through ICA Banken. ICA AB is a joint venture 40% owned by Hakon Invest AB and 60% by Royal Ahold N.V. of the Netherlands. According to a shareholder agreement, Royal Ahold and Hakon Invest jointly share controlling influence over ICA AB. Through Royal Ahold, ICA AB is part of an international retail network. For more information, please visit http://www.ica.se