ICA Gruppen (ICA) Tertial 2 2025 summary

Executive summary

• Rimi Baltic was divested to Salling Group, generating SEK 9.4 billion in cash flow and SEK 6.4 billion in earnings, shifting full focus to Swedish operations.

• Net sales for May–Aug 2025 rose 4.4% year-over-year to SEK 48,639 million, driven by higher volumes and inflation.

• Operating profit excluding items affecting comparability fell 8.8% to SEK 2,111 million, mainly due to price investments and logistics costs in ICA Sweden.

• Major organizational changes and cost reductions of over SEK 200 million announced, effective January 2026.

Financial highlights

• Net sales for Jan–Aug 2025 reached SEK 93,872 million, up 4.9% year-over-year.

• Operating profit for May–Aug 2025 was SEK 2,109 million, down 25.6% year-over-year.

• Profit for the period surged to SEK 7,953 million, mainly due to the Rimi Baltic divestment.

• Cash flow for the period was SEK 8,252 million, up significantly due to divestment proceeds.

• Return on capital employed (excl. ICA Bank and IFRS 16 Leases) rose to 23.5% from 13.7%.

Outlook and guidance

• Full-year investments expected at SEK 9 billion, with SEK 7 billion for ICA Real Estate and SEK 6 billion for Ancore acquisition.

• Focus remains on Swedish market growth, cost efficiency, and digitalization.

• New organizational structure aims to enhance agility and competitiveness.