ICA Capital Markets Day: Updated Valuation of ICA’s Property Portfolio and Review of Online Operations

SOLNA, Sweden--()--Regulatory News:

Today, 11 December 2015, ICA Gruppen is holding a Capital Markets Day in Stockholm. The programme includes a review of the group’s strategic priorities and targets as well as a review of the operations of Apotek Hjärtat, ICA Real Estate and ICA Sweden, with a more in-depth look at online operations.

ICA Gruppen’s management will today meet financial analysts, bank representatives and the media in order to present the company’s strategies, view of the market and investment projects. One important area that will be looked at is the forthcoming sale of ICA’s properties in Norway. ICA Real Estate will present a valuation of the total property stock held by wholly owned and partly owned companies, which amounts to SEK 17.8 billion; of this, the properties in Norway are valued at SEK 2.5 billion.

Another area that will be dealt with is ICA’s online operations. Here ICA can report that 10% of the total growth in retail this year is expected to come from online trading. ICA now has more than 150 stores that offer online shopping, and around 150 more that have registered their interest. ICA’s surveys of customers who have used the service show that 96% of respondents say they would use it to shop again, and a survey carried out among card customers shows that those who have started shopping online spend 22% more at ICA and become more loyal to ICA.

ICA Gruppen discloses the information provided herein pursuant to the Securities Market Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 07.30 CET on Friday 11 December 2015.

ICA Gruppen AB (publ) is a leading retail company with a focus on food and health. The Group includes ICA Sweden and Rimi Baltic which mainly conduct grocery retail, ICA Real Estate which owns and manages properties, ICA Bank which offers financial services and Apotek Hjärtat which conducts pharmacy operations. The Group also includes the portfolio companies inkClub and Hemtex. For more information see icagruppen.se

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Contacts

ICA Gruppen
Press Service, +46 10 422 52 52

Contacts

ICA Gruppen
Press Service, +46 10 422 52 52