ICA AB Interim Report January – September 2008

Solna November 5, 2008 - The third quarter produced a further increase in sales but lower operating income.

Third quarter

• Net sales for the third quarter amounted to SEK 22,768 million (20,697), an increase of 10.0 percent.
  
• Operating income excluding capital gains on property sales for the third quarter amounted to SEK 633 million (736), a decrease of 14.0 percent. Operating income including capital gains for the third quarter amounted to SEK 683 million (899), a decrease of 24.0 percent.
  
• Net income for the third quarter amounted to SEK 550 million (736), a decrease of 25.3 percent.
  
  

Nine-month period

• Net sales for the nine-month period amounted to SEK 66,832 million (60,187), an increase of 11.0 percent.
  
• Operating income excluding capital gains on property sales for the nine-month period amounted to SEK 1,381 million (1,344), an increase of 2.8 percent. Operating income including capital gains for the nine-month period amounted to SEK 1,602 million (1,840), a decrease of 13.0 percent.
  
• Net income for the nine-month period amounted to SEK 1,298 million (1,568), a decrease of 17.2 percent.