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ICA Gruppen AB (ICAA.ST)

ICAA.ST on Stockholm Stock Exchange

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Latest Key Developments (Source: Significant Developments)

ICA Gruppen Recalculates Two Financial Targets Due To IFRS
Wednesday, 23 May 2018 02:00am EDT 

May 23 (Reuters) - ICA Gruppen AB ::ICA GRUPPEN'S FINANCIAL TARGETS RECALCULATED FOR IFRS.HAS RECALCULATED TWO OF ITS LONG-TERM FINANCIAL TARGETS IN VIEW OF NEW IFRSS 15 AND 16..NET DEBT/EBITDA TARGETS ADJUSTED FOR IFRS IS < 3.0X VERSUS < 2.0X PREVIOUSLY.ROCE TARGET ADJUSTED FOR IFRS IS 7.5 PERCENT VERSUS 10 PERCENT PREVIOUSLY.  Full Article

ICA Gruppen says ICA store sales fell 2.8 pct in April
Wednesday, 9 May 2018 02:45am EDT 

May 9 (Reuters) - ICA Gruppen AB ::SAYS SALES IN ICA STORES DECREASED BY 2.8% IN APRIL 2018 COMPARED WITH CORRESPONDING MONTH LAST YEAR.SAYS SALES IN LIKE-FOR-LIKE STORES DECREASED BY 3.2%.ICA GRUPPEN ESTIMATES THE CALENDAR EFFECT FOR APRIL TO BE -5.4%.  Full Article

Ica Q1 operating profit lags, plans measures to restore margins
Friday, 27 Apr 2018 01:00am EDT 

April 27 (Reuters) - ICA Gruppen AB ::Q1 CONSOLIDATED NET SALES AMOUNTED TO SEK 27,181 MILLION (25,703), AN INCREASE OF 5.8%.Q1 OPERATING PROFIT EXCLUDING ITEMS AFFECTING COMPARABILITY WAS SEK 972 MILLION (996).REUTERS POLL: ICA GRUPPEN Q1 ADJUSTED EBIT WAS SEEN AT 1,027 MILLION SEK, SALES SEEN AT 26.8 BILLION.SAYS WE HAD FAVOURABLE SALES PERFORMANCE IN SWEDEN DURING QUARTER, AND OUR E-COMMERCE SHOWS VERY GOOD GROWTH.SAYS WE ARE GETTING TOO LITTLE RETURN FROM THIS SALES GROWTH, WHICH MEANS THAT OVERALL ICA SWEDEN'S EARNINGS FOR Q1 WERE SLIGHTLY WEAKER THAN WHAT WE HAD COUNTED ON.SAYS GIVEN THE EARNINGS PERFORMANCE, WE HAVE INITIATED A NUMBER OF MEASURES TO RESTORE PROFITABILITY.SAYS WE ARE NOT SATISFIED WITH OUR EARNINGS THIS QUARTER, BUT IN THE LONGER PERSPECTIVE WE HAVE GOOD PROFITABILITY AND STRONG CASH FLOWS.SAYS WE SEE NO REASON TO CHANGE OUR LONG-TERM AMBITION TO MAINTAIN PROFITABILITY AND OPERATING MARGINS. OUR LONG-TERM PLAN AND OUR TARGETS REMAIN FIRM.  Full Article

Ica Gruppen says Ica stores sales up by 9.8 pct in March
Tuesday, 10 Apr 2018 02:45am EDT 

April 10 (Reuters) - ICA Gruppen AB ::SAYS SALES IN ICA STORES INCREASED BY 9.8% IN MARCH 2018 COMPARED WITH CORRESPONDING MONTH LAST YEAR.SAYS SALES IN LIKE-FOR-LIKE STORES INCREASED BY 9.3%..  Full Article

ICA Gruppen says ICA stores sales up 2.6 pct in February
Thursday, 8 Mar 2018 01:59am EST 

March 8 (Reuters) - Ica Gruppen ::SALES IN ICA STORES INCREASED BY 2.6% IN FEBRUARY 2018 COMPARED WITH CORRESPONDING MONTH LAST YEAR.  Full Article

ICA Gruppen CEO: IKI acquisition possibly delayed to Q2 from Q1
Thursday, 8 Feb 2018 04:56am EST 

Feb 8 (Reuters) - ICA Gruppen AB CEO Per Stromberg in a conference call with analysts and media ::SAYS FINALISATION OF ACQUISITION OF IKI IN LITHUANIA MAY BE DELAYED TO Q2 FROM EARLIER EXPECTED Q1.  Full Article

ICA Gruppen CEO: Investment in new warehouse for online is fairly limited
Thursday, 8 Feb 2018 02:00am EST 

Feb 8 (Reuters) - ICA Gruppen AB CEO Per Stromberg::ICA GRUPPEN CEO SEES CONTINUED TOUGH COMPETITION IN SWEDISH GROCERY RETAIL MARKET 2018 FROM NEW ONLINE PLAYERS AND CUT-PRICE RIVALS.ICA GRUPPEN CEO SAYS GOTHENBURG, MALMO REGIONS NEXT IN LINE FOR ONLINE BUSINESS DEDICATED WAREHOUSES BUT NO DECISIONS INKED YET.ICA GRUPPEN CEO SEES 300-350 ICA STORES OFFERING ONLINE SHOPPING LONGER-TERM VERSUS. AROUND 200 OUT OF 1,300 CURRENTLY.ICA GRUPPEN CEO SAYS INVESTMENT IN NEW ONLINE BUSINESS WAREHOUSE IN STOCKHOLM IS REALTIVELY LIMITED AS WILL RENT THE WAREHOUSE.  Full Article

Ica Gruppen says sales up 2.8 pct in Jan vs year earlier
Thursday, 8 Feb 2018 01:05am EST 

Feb 8 (Reuters) - Ica Gruppen AB ::ICA GRUPPEN SAYS ‍SALES IN ICA STORES INCREASED BY 2.8% IN JANUARY 2018 COMPARED WITH CORRESPONDING MONTH LAST YEAR​.ICA GRUPPEN SAYS ‍SALES IN LIKE-FOR-LIKE STORES INCREASED BY 2.4%.​.  Full Article

ICA Gruppen December sales up 4.3 pct yr/yr ​
Wednesday, 10 Jan 2018 02:45am EST 

Jan 10 (Reuters) - Ica Gruppen Ab ::ICA GRUPPEN SAYS ‍SALES IN ICA STORES INCREASED BY 4.3% IN DECEMBER 2017 COMPARED WITH CORRESPONDING MONTH YEAR BEFORE​.ICA GRUPPEN SAYS ‍SALES IN LIKE-FOR-LIKE STORES INCREASED BY 3.6%​.ICA GRUPPEN SAYS ‍ESTIMATES CALENDAR EFFECT FOR DECEMBER TO BE -0.4%​.  Full Article

ICA Gruppen sees capital expenditure of 3.5 bln SEK in 2018
Thursday, 14 Dec 2017 01:15am EST 

Dec 14 (Reuters) - Ica Gruppen Ab ::ICA GRUPPEN SAYS ‍CAPITAL EXPENDITURES IN 2018 ARE ESTIMATED TO BE SEK 3.5 BILLION​.ICA GRUPPEN SAYS ‍INVESTMENTS IN 2017 ARE EXPECTED TO BE SLIGHTLY LOWER THAN ESTIMATE PREVIOUSLY COMMUNICATED BY ICA GRUPPEN, TOTALLING APPROXIMATELY SEK 3 BILLION BY YEAR-END​.ICA GRUPPEN SAYS ‍DURING 2018 STORE ESTABLISHMENTS ARE EXPECTED TO REMAIN AT ROUGHLY SAME LEVEL AS THIS YEAR​.  Full Article

BRIEF-Ica Gruppen signs agreement with Ocado on new e-commerce solution

* SAYS WILL USE COMPANY'S E-COMMERCE PLATFORM AND TECHNOLOGY FOR HIGHLY AUTOMATED E-COMMERCE PICKING WAREHOUSES