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IC Group A/S (IC.CO)

IC.CO on Copenhagen Stock Exchange

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Latest Key Developments (Source: Significant Developments)

IC Group Q3 2016/17 operating profit down at DKK 48 million
Wednesday, 17 May 2017 02:06am EDT 

May 17 (Reuters) - IC GROUP A/S :UPDATED OUTLOOK FOR FINANCIAL YEAR 2016/17.Q3 2016/17 REVENUE DKK 739 MILLION VERSUS DKK 710 MILLION YEAR AGO.EXPECTS A REVENUE GROWTH RATE OF 3-4% MEASURED IN LOCAL CURRENCY (PREVIOUSLY 5-6%) FOR FINANCIAL YEAR 2016/17.Q3 2016/17 OPERATING PROFIT DKK 48 MILLION VERSUS DKK 87 MILLION YEAR AGO.SAYS NUMBER OF INITIATIVES TO CLEAN-UP VARIOUS PARTS OF WHOLESALE AND RETAIL DISTRIBUTION WILL HAVE A NEGATIVE EFFECT ON EARNINGS.EBIT MARGIN IS EXPECTED TO ATTAIN A LEVEL OF 4-5% (PREVIOUSLY 6-7%) FOR FINANCIAL YEAR 2016/17..  Full Article

IC Group appoints Alexander Martensen-Larsen as new CEO
Wednesday, 17 May 2017 02:03am EDT 

May 17 (Reuters) - Ic Group A/S ::ALEXANDER MARTENSEN-LARSEN HAS BEEN APPOINTED NEW CEO WITH EFFECT FROM 1 JUNE 2017.INTERIM CEO PETER THORSEN WILL TAKE UP THE ROLE AS DEPUTY CHAIRMAN OF THE BOARD OF DIRECTORS.BOARD OF DIRECTORS EXPECTS TO REALIZE A REVENUE GROWTH RATE OF 3-4% MEASURED IN LOCAL CURRENCY (PREVIOUSLY 5-6%) AND AN EBIT MARGIN OF 4-5% (PREVIOUSLY 6-7%) FOR FINANCIAL YEAR 2016/17.BOARD OF DIRECTORS EXPECTS TO REALIZE A MINOR REVENUE REDUCTION AND AN IMPROVED EBIT MARGIN FOR FINANCIAL YEAR 2017/18..  Full Article

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

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BRIEF-IC Group Q3 2016/17 operating profit down at DKK 48 million

* Q3 2016/17 REVENUE DKK 739 MILLION VERSUS DKK 710 MILLION YEAR AGO