ICA Gruppen (ICA) Tertial 2 2025 summary

Executive summary

• Rimi Baltic was divested to Salling Group, resulting in a positive cash flow effect of SEK 9.4 billion and a profit effect of SEK 6.4 billion.

• Focus is now fully on the Swedish market, with ongoing investments in all ICA companies to strengthen the customer offering.

• Significant organizational changes were announced to reduce costs by over SEK 200 million and increase agility.

Financial highlights

• Net sales increased by 4.4% in the second tertial to SEK 48,639 million compared to the same period last year.

• EBITDA decreased by 15% to SEK 3,960 million; operating profit (EBIT) fell by 22.9% to SEK 3,592 million.

• Operating margin excluding items affecting comparability and IFRS 16 Leasing dropped to 3.9% from 4.5% year-over-year.

• Result from discontinued operations (Rimi Baltic) was SEK 6,559 million, mainly from the divestment gain.

• Total period result increased to SEK 7,953 million (SEK 2,151 million last year), driven by the Rimi Baltic sale.

Outlook and guidance

• Investments for the full year 2025 are expected to reach SEK 9 billion, with SEK 7 billion allocated to ICA Fastigheter, including SEK 6 billion for the Ancore Fastigheter acquisition.

• Organizational changes aim to increase growth, reduce costs by more than SEK 200 million, and improve market responsiveness.