Stable business and important progress despite turbulent time
ICA Gruppen's Q1 sales increased by 3.2% toSEK 31,595 million (30,602).- On the whole, operating profit excl. items affecting comparability for the first quarter of 2022 (SEK 1,276 million) was slightly stronger than for the first quarter of 2021 (SEK 1,264 million).
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Strong improvement for Apotek Hjärtat, but
ICA Real Estate andICA Bank also posted stronger earnings. - Slightly lower earnings for ICA Sweden, mainly owing to start-up costs coupled to e-commerce operations.
- Rimi Baltic's earnings decreased, owing to lingering pandemic effects and higher competition in the market.
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The new e-commerce warehouse in Brunna is now up and running, marking a significant milestone on the path to offering
Sweden's leading online solution for grocery shopping. ICA Real Estate's formation of a new joint venture, Trecore, together withBonnier Fastigheter , andICA Bank's continued launch of new home mortgages are other important areas of progress.- Inflation pressure growing in the market.
Comments by
"Just as the global pandemic has begun ebbing, the world has been cast into new uncertainty and human suffering with the devastating war in
"In a time such as this our double societal responsibility is extra clear. On the one hand, we are doing everything we can to provide the best possible price value for our customers. At the same time we must contribute to ensuring a long-term sustainable food supply. At the very core it's a matter of safeguarding the strength of Swedish agriculture and stable domestic food production. In this respect, as a major actor we have a key role to play and a great responsibility to bear."
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