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IC Group A/S (IC.CO)

IC.CO on Copenhagen Stock Exchange

167.00DKK
6:39am EDT
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Latest Key Developments (Source: Significant Developments)

IC Group CEO Mads Ryder resigns
Thursday, 2 Feb 2017 06:00am EST 

IC Group A/S : CEO Mads Ryder has resigned his position. . Board of Directors has asked Peter Thorsen, who is a member of board of directors, to take over role as interim Group CEO. . Changes will result in non-recurring costs which may result in changes to company's guidance for financial year 2016/17 .Expects that costs savings will be realized once new plan has been implemented..  Full Article

IC Group Q1 operating profit down at DKK 135 million
Tuesday, 15 Nov 2016 01:59am EST 

IC Group A/S : Q1 2016/17 consolidated revenue 851 million Danish crowns ($123 million) versus 843 million crowns year ago . Q1 2016/17 EBIT 135 million crowns versus 163 million crowns year ago . Investments for financial year 2016/17 are expected to attain a level of about 3-5 pct of annual revenue (unchanged) . Expect a pre-order growth rate of about 7 pct for remainder of financial year .Now expect group's EBIT margin to attain a level of about 8-9 pct for financial year 2016/17 (previously: "about 9 pct").  Full Article

IC Group Q4 2015/16 operating loss widens to DKK 26 million
Thursday, 1 Sep 2016 02:45am EDT 

IC Group A/S : Q4 2015/16 operating loss 26 million Danish crowns ($3.9 million) versus loss of 20 million crowns year ago . Q4 2015/16 gross profit rose by 18 million crowns to 291 million crowns . FY 2015/16 consolidated revenue amounted to 2.67 billion crowns versus 2.64 billion year ago . Board will propose ordinary dividend of 5.00 crowns per eligible share corresponding to total dividend of 85 million crowns . Group's Premium brands are expected to drive total revenue development in 2016/17 . Says at present, group's Premium brands expect to open 10-15 new stores during financial year 2016/17 . Investments for FY 2016/17 are expected to attain a level of about 3-5 percent of annual revenue . Expects the group's 2016/17 EBIT margin to attain a level of about 9 percent .Expects to realize a 2016/17 revenue growth rate measured in local currency of at least 6 percent.  Full Article

IC Group Q3 2015/16 EBIT up at DKK 87 million
Wednesday, 18 May 2016 01:59am EDT 

IC Group A/S : Q3 2015/16 EBIT 87 million Danish crowns ($13.20 million)versus 65 million crowns year ago . Q3 2015/16 revenue 710 million crowns versus 719 million crowns year ago . Outlook for financial year 2015/16 has been changed . As a consequence of the lower than expected revenue growth, we expect the consolidated operating profit to be realized with an ebit margin of approx. 9 percent in 2015/16 . Expects consolidated revenue for 2015/16 at same level as last year .Investments for the financial year 2015/16 are expected to be in the region of 3 percent of revenue.  Full Article

IC Group A/S keeps FY 2015/16 outlook, to distribute extraordinary dividend
Friday, 5 Feb 2016 01:57am EST 

IC Group A/S:Board of Directors expects to distribute a total extraordinary dividend of 14.65 Danish crowns per eligible share corresponding to 250 million crowns during Q3 2015/16​ ‍.Outlook for FY 2015/16 remains unchanged.Expects FY 2015/16 revenue growth to attain a level of 4 pct.Expects consolidated FY 2015/16 operating profit to be realized with an EBIT margin of about 10 pct.  Full Article

IC Group sells shares in DK Company A/S
Thursday, 4 Feb 2016 10:47am EST 

IC Group A/S:Signs agreement on sale of DK Company A/S shares to DKC Holding 2011 A/S.‍As payment for shares, IC group has received 137,441,330 Danish crowns in cash​.‍Shares correspond to 10.11 pct of DK Company's share capital​.Expects to distribute proceeds from sale in connection with expected forthcoming extraordinary dividend payment in 2015/16​.Accounting profit is expected to amount to about 9 million crowns.  Full Article

IC Group A/S names Alexander Martensen-Larsen new CFO
Tuesday, 29 Sep 2015 04:34am EDT 

IC Group A/S:Alexander Martensen-Larsen will take up the position as new group CFO.  Full Article

IC Group proposes dividend of DKK 4.0/share for FY 2014/15
Wednesday, 2 Sep 2015 02:14am EDT 

IC Group A/S:Recommends to distribute an ordinary dividend of 68 million Danish crowns for FY 2014/15 corresponding to 4.00 crowns per share.Paid dividend of 3.0 crowns per share for FY 2013/14.  Full Article

IC Group gives FY 2015/16 guidance in line with analysts' estimates
Wednesday, 2 Sep 2015 02:14am EDT 

IC Group A/S:Expects FY 2015/16 revenue to increase by about 4 pct and the EBIT margin to settle at about 10 pct.Reported revenue of 2.64 billion Danish crowns for FY 2014/15.FY 2015/16 revenue 2.76 billion crowns, EBIT margin 10 pct-Thomson Reuters I/B/E/S.  Full Article

IC Group to sell property in Copenhagen for DKK 150 million
Wednesday, 10 Jun 2015 04:40am EDT 

IC Group A/S:Signed an agreement with Øens Invest ApS for sale of Group's property at Raffinaderivej 10, 2300 Copenhagen S, Denmark, at a total price of 150 million Danish crowns.Says Group's mortgage loan on property in amount of 140 million crowns forms part of transaction.Says transfer of property will take no later than Jan. 1, 2016.Says Group expects impact of sale on Group's earnings and cash flow to be positively insignificant.  Full Article

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BRIEF-IC Group CEO Mads Ryder resigns

* Board of Directors has asked Peter Thorsen, who is a member of board of directors, to take over role as interim Group CEO.