Return on capital employed, % Return on equity, %

Transcription

1 Third quarter Jan.-Sept. 12 months Oct. 2- SEKm Sept. 2 Group Net sales 25,517 22,16 74,732 63,994 97,912 87,174 Operating profit before depreciation/amortisation (EBITDA) 1,78 1,616 4,32 4,396 5,725 5,819 Operating profit (EBIT) excluding non-recurring items 1,321 1,172 3,1 2,856 4,195 3,937 Operating profit (EBIT) 1, ,12 3,31 4,186 4,97 Profit before tax 1, ,832 2,775 3,784 3,727 Profit from continuing operations ,294 2,297 3,12 3,15 Profit for the period ,484 1,787 4,364 2,667 Cash flow from operating activities for continuing operations ,861 2,118 5,537 3,794 Cash flow from operating activities ,983 2,8 5,437 3,612 Operating margin excluding non-recurring items, % Operating margin, % Return on capital employed, % Return on equity, % Earnings per ordinary share, SEK Earnings per ordinary share, continuing operations, SEK Same figure for ordinary shares and C shares. 2

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3 SEKm SEKm Net sales Net sales, R12 SEKm % EBIT excl. non-recurring items EBIT margin excl. non-recurring items, R12 7, 6, 5, 4, 3, 2, 1,, Net sales per segment (SEKm) Third quarter Jan.-Sept. SEKm months Oct. 2- Sept. 2 2 ICA Sweden 18,356 17,55 53,72 51,32 71,936 69,248 Rimi Baltic 3,196 2,952 9,264 8,437 12,459 11,632 Apotek Hjärtat (pharmacy) 1), 2) 3, ,18 1,528 9,672 2,92 ICA Real Estate ,776 1,678 2,351 2,253 ICA Bank Portfolio companies ,294 1,731 2,127 2,564 Other Intra-Group sales ,9-1,119-1,59-1,56 Net sales 25,517 22,16 74,732 63,994 97,912 87,174 Operating profit excluding non-recurring items per segment, (SEKm) Third quarter Jan.-Sept. SEKm months Oct. 2- Sept. 2 2 ICA Sweden ,554 2,421 3,361 3,228 Rimi Baltic Apotek Hjärtat (pharmacy) 1), 2) ICA Real Estate ICA Bank Portfolio companies Other Operating profit excluding non-recurring items 1,321 1,172 3,1 2,856 4,195 3,937 1) Includes acquisition- and integration-related costs of SEK -52 million in and SEK -132 million in January-September. 2) 2 figures pertain to Cura pharmacies for all periods.

4 SEKbn 16 13,6 Multiple, ,2 9,9 9,1 8,3 7,1 1, Net debt Net debt/ebitda % ,5 8,1 9,7 9,3 1,1 1, 8,9 9, SEKm Excluding acquisition of approx. SEK 3.5 billion in 2 Consolidated cash flow statement, excluding ICA Bank Third quarter Jan.-Sept. SEKm Cash flow 12 months Oct. 2- Sept. 2 2 From operating activities before change in working capital 1,361 1,312 3,544 3,11 4,87 4,364 Change in working capital From operating activities ,551 2,293 4,322 4,64 Investing activities, net , ,5-546 Before financing activities 4 1, ,333 1,272 3,518

5 SEKm SEKm Net sales Net sales, R12 SEKm % 1 5, 8 4, , 2, 1, 13, EBIT excl. non-recurring items EBIT margin excl. non-recurring items, R12 ICA Sweden Third quarter Jan.-Sept months Oct. 2- Sept. 2 2 Net sales, SEKm 18,356 17,55 53,72 51,32 71,936 69,248 Operating profit before depreciation/ amortisation (EBITDA), SEKm 1,12 1,56 2,85 2,672 3,759 3,581 Operating profit excl. non-recurring items, SEKm ,554 2,421 3,361 3,228 Operating margin excl. non-recurring items, % Investments, SEKm Depreciation/amortisation, SEKm Number of employees - - 8,164 7,421-7,56 Private label share of store sales, %

6 Store sales in Sweden Store sales excl. VAT SEKm Third quarter 2 January-September 2 Change all stores Change like-for-like SEKm Change all stores Change like-for-like Maxi ICA Stormarknad 8, , ICA Kvantum 6, , ICA Supermarket 8, , ICA Nära 4, , Total 27, , Number of stores in Sweden Format December 2 New Converted Closed September 2 Maxi ICA Stormarknad ICA Kvantum ICA Supermarket ICA Nära ICA To Go Total 1,3 5-1,34

7 EURm EURm Net sales Net sales, R12 EURm % 5, 12 4, 9 3,,6 6 12,7 9,5 1,1 1,6 11,6 2, 8,4 3 6,7 1, 13, EBIT excl. non-recurring items Rimi Baltic Third quarter Jan.-Sept. 12 months Oct Sept. 2 2 Net sales, SEKm 3,196 2,952 9,264 8,437 12,459 11,632 Operating profit before depreciation/amortisation (EBITDA), SEKm Operating profit excl. non-recurring items, SEKm Operating margin excl. non-recurring items, % Investments, SEKm Depreciation/amortisation, SEKm Number of employees - - 9,361 8,846-8,995 Private label share of sales, % EUR exchange rate, average EBIT margin excl. non-recurring items, R12 Store sales in the Baltic countries Store sales excl. VAT EURm Third quarter 2 January-September 2 Change all stores Change like-for-like EURm Change all stores Change like-for-like Estonia Latvia Lithuania Total Number of stores in Baltic countries Country December 2 New Closed September 2 Estonia Latvia Lithuania Total

8 Apotek Hjärtat Third quarter Jan.-Sept months Oct. 2- Sept. 2 2 Net sales, SEKm Of which: 3, ,18 1,528 9,672 2,92 Prescription drugs 2, , , 1,26 OTC drugs , , Other products and services , , Operating profit before depreciation/ amortisation (EBITDA), SEKm Operating profit excl. non-recurring items, SEKm Operating margin excl. non-recurring items, % Investments, SEKm Depreciation/amortisation, SEKm Number of employees - - 3, Private label share of other products, % Number of pharmacies December 2 Acquired New Closed September 2 Apotek Hjärtat

9 SEKm SEKm Net sales Net sales, R12 SEKm % EBIT excl. non-recurring items EBIT margin excl. non-recurring items, R12 ICA Real Estate Third quarter Jan.-Sept. 12 months Oct Sept. 2 2 Net sales, SEKm ,776 1,678 2,351 2,253 Of which, rental income owned properties, SEKm ,174 1,7 Operating profit before depreciation/ amortisation (EBITDA), SEKm Operating profit excl. non-recurring items, SEKm Operating margin excl. non-recurring items, % Investments, SEKm ,1 1,55 Divestments, SEKm ,37 Depreciation/amortisation, SEKm Yield, % Occupancy rate, % Number of owned properties Number of owned square metres, sq. m Number of employees

10 SEKm SEKm Revenues Revenues, R12 SEKm ICA Bank Third quarter Jan.-Sept. 12 months Oct Sept Revenues, SEKm Of which, net interest, SEKm Operating profit before depreciation/ amortisation (EBITDA), SEKm Operating profit excl. non-recurring items, SEKm C/I ratio, % Return on equity, % Loan loss ratio, % Capital adequacy ratio, % Business volume, SEKm ,11 25,85-26,353 Number of employees

11 Portfolio companies Third quarter Jan.-Sept months Oct. 2- Sept. 2 2 Net sales, SEKm ,294 1,731 2,127 2,564 Operating profit/loss after depreciation/ amortisation (EBITDA), SEKm Operating profit/loss excl. non-recurring items, SEKm Operating margin excl. non-recurring items, % Investments, SEKm Depreciation/amortisation, SEKm Number of employees ,54-1,25 Store sales Store sales excl. VAT SEKm Third quarter 2 January-September 2 Change all stores Change like-for-like SEKm Change all stores Change like-for-like Hemtex Number of stores, incl. franchise stores December 2 New Closed September 2 Hemtex

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13 Ownership structure Largest identified shareholders in ICA Gruppen at 3 September 2 Share of capital Number of shares and voting rights, % ICA-handlarnas förbund 13,163, % Industrivärden 21,125, 1.5% SEB 2,883,33 1.4% Skandia 2,755, % Handelsbanken 2,745, % Swedbank Robur 1,949,665 1.% L Jönsson 1,259,61.6% Länsförsäkringar 963,36.5% Folksam 698,4.3% U Davidson 63,.3% Ten largest shareholders total: 138,173, % Other shareholders 62,972, % Total 21,6,795 1.% Source: Euroclear Sweden AB.

14 Third quarter Jan.-Sept. 12 months Oct. 2- SEKm Note Sept.2 Net sales 25,517 22,16 74,732 63,994 97,912 87,174 Cost of goods sold -21,963-18,9-64,59-55,171-84,457-75,38 Gross profit 3,554 3,12 1,2 8,823 13,455 12,136 2 Other operating income Selling expenses -1,64-1,485-5,118-4,516-6,787-6,185 Administrative expenses ,91-1,728-2,725-2,362 Other operating expenses Share of profits of associates and joint ventures Operating profit 3 1, ,12 3,31 4,186 4,97 Financial income Financial expenses Profit before tax 1, ,832 2,775 3,784 3,727 Tax Profit for the period from continuing operations ,294 2,297 3,12 3,15 Profit/loss from discontinued operations , , Profit for the period ,484 1,787 4,364 2,667 Other comprehensive income, items that may not be reclassified to profit or loss, net of tax Remeasurement defined benefit pensions Other comprehensive income, items that may be reclassified to profit or loss, net of tax Change in translation reserve Change in hedging reserve Share of other comprehensive income of joint ventures Total items that may be reclassified to profit or loss Comprehensive income for the period ,44 1,834 4,2 2,432 Profit for the period attributable to Owners of the parent ,425 1,698 4,245 2,518 Non-controlling interests Comprehensive income for the period attributable to Owners of the parent ,348 1,757 3,892 2,31 Non-controlling interests Earnings per share before and after dilution, SEK 1 Ordinary share Ordinary share, continuing operations Ordinary share, discontinued operations Same figures as for ordinary shares and C shares. Earnings per share have been reduced by an amount corresponding to the dividend to preference shareholders in ICA Fastigheter Sverige AB. The effect is SEK.19 per share per quarter through the second quarter of 2.

15 ASSETS Non-current assets Note 3 September 2 3 September 2 31 December 2 Goodwill 16,294 11,545 11,545 Trademarks 13,653 13,84 13,112 Other intangible assets Interests in joint ventures and associates Deferred tax assets Lending and investments in ICA Bank 6,575 6,931 7,9 Land, buildings and investment properties,674,72,923 Other non-current assets 2,124 1,599 1,73 Total non-current assets 55,364 5,724 51,256 Current assets Inventories 4,4 3,313 3,566 Lending and investments in ICA Bank 3,119 2,923 3,75 Other current assets 5,921 4,64 4,926 Cash and cash equivalents in ICA Bank 3,937 2,749 2,38 Cash and cash equivalents 361 1,68 3,711 Total current assets 17,738,657 17,658 Assets held for sale 4 1,44 3,782 3,52 TOTAL ASSETS 74,542 69,163 72,434 EQUITY AND LIABILITIES Equity 26,81 27,352 27,911 Non-current liabilities Provisions 2,321 2,21 2,342 Deferred tax liabilities 4,927 4,827 4,839 Non-current interest-bearing liabilities 9,726 7,5 9,658 Other non-current liabilities Total non-current liabilities 17,7,469 16,995 Current liabilities Deposits ICA Bank 11,726 1,972 11,31 Current interest-bearing liabilities 4,768 2,56 1,277 Other current liabilities 13,963 11,526 13,298 Total current liabilities 3,457 25,4 25,66 Liabilities held for sale ,338 1,922 TOTAL EQUITY AND LIABILITIES 74,542 69,163 72,434 Pledged assets 1,61 1,566 2,361 Contingent liabilities

16 Third quarter Jan.-Sept. 12 months Oct. 2- SEKm Note Sept.2 2 Operating profit 1, ,275 2,527 5,412 3,664 Depreciation, amortisation and impairment ,181 1,778 1,539 2,136 Other non-cash items , , Income tax paid Cash flow from operating activities before change in working capital 1,43 1,371 3,582 3,23 4,892 4,54 Change in working capital: Inventories Current receivables , Current liabilities ,44 1, ICA Bank s net of deposits, lending and investments , Cash flow from operating activities ,983 2,8 5,437 3,612 Acquisition of property, plant and equipment and intangible assets ,849-1,834-2,591-2,576 Sale of property, plant and equipment and intangible assets 6 1,31 2,81 1,982 2,956 2,128 Acquisition of Apotek Hjärtat , ,499 - Investments in joint ventures -8-8 Change in financial assets Interest received Cash flow from investing activities , , Sale of treasury shares Dividend paid ,243-1,41-1,281-1,79 Redemption of preference shares -3,3 - -3,3 - -3,3 - Change in loans 3, , , Interest received Cash flow from financing activities ,458-1,551-2, Cash flow for the period ,393-1, ,282 Cash and cash equivalents at the beginning of the period 3,973 3,179 6,258 3,948 4,528 3,948 Exchange differences in cash and cash equivalents Cash and cash equivalents at the end of the period 5 4,298 4,528 4,298 4,528 4,298 6,258 Cash and cash equivalents are recognised on the following lines Cash and cash equivalents 4,298 4,357 4,298 4,357 4,298 6,91 Assets held for sale Disclosure on cash flow from discontinued operations ICA Norway s operating profit amounted to SEK 1 million (-18) for the third quarter and SEK 1,167 million (-56) accumulated. ICA Norway s cash flow is included in cash flow from operating activities in the amount of SEK 1 million (6) for the third quarter and SEK 122 million (4) accumulated; in cash flow from investing activities in the amount of SEK -1 million (-16) for the third quarter and SEK 2,448 million (-125) accumulated; and in cash flow from financing activities in the amount of SEK million () for the third quarter and SEK -1 million (-3) accumulated. 4,298 4,528 4,298 4,528 4,298 6,258

17 SEKm Note Attributable to owners of the parent Attributable to noncontrolling interests Opening equity, 1 January 2 24,76 3,25 27,911 Change in non-controlling interests Dividend -1, ,243 Early redemption of preference shares -3-3, -3,3 Sale of treasury shares Comprehensive income for the period 3, ,44 Closing equity, 3 September 2 26, ,81 Total SEKm Note Attributable to owners of the parent Attributable to noncontrolling interests Opening equity, 1 January 2 23,363 3,178 26,541 Change in non-controlling interests Dividend ,41 Transfer - Lower issue costs for preference shares 2-2 Reversal of unpaid share dividends 6-6 Comprehensive income for the period 1, ,834 Closing equity, 3 September 2 24,162 3,19 27,352 Total

18 Book value 3 September Share of profit Jan.-Sept. SEKm Trade Press AS - 12 Kjell & Co Elektronik AB Ancore Fastigheter AB Other Total Third quarter Jan.-Sept. SEKm Income Expenses Operating profit Net financial items Tax Profit/loss for the period Other comprehensive income Comprehensive income for the period Non-current assets 4,781 4,813 4,826 Current assets Total assets 4,88 4,924 4,948 Equity Shareholder loan 1,526 1,526 1,526 Non-current liabilities 3,2 3,182 3,138 Current liabilities Total equity and liabilities 4,88 4,924 4,948 Ancore Fastigheter AB is co-owned in a joint arrangement between Alecta pensionsförsäkring and ICA Gruppen. The parties each own 5% of the company, which is a joint venture. Ancore Fastigheter AB owns and manages 3 properties in Sweden that house ICA stores in which operations are conducted by non-consolidated ICA retailers. Third quarter Jan.-Sept. SEKm Operating profit excl. nonrecurring items 1,321 1,172 3,1 2,856 3,937 Capital gains on sale of noncurrent assets Portfolio companies, Forma Portfolio companies, Kjell & Co Portfolio companies, inkclub Portfolio companies, Cervera ICA Real Estate Rimi Baltic Other Impairment Portfolio companies ICA Real Estate Rimi Baltic Operating profit 1, ,12 3,31 4,97

19 SEKm, 3 September Apotek Hjärtat ICA Real Estate Intangible assets 1-1 Property, plant and equipment 1 1,246 1,247 Inventories Other current assets Total assets held for sale 194 1,246 1,44 Total Current liabilities Total liabilities held for sale The figures for Apotek Hjärtat pertain to the sale of the Apotek Hjärtat s care and nursing business to ApoEx. The sale is expected to be completed in the fourth quarter of 2, and the purchase sum after transaction costs corresponds to the book value. SEKm, January-September Group 2 ICA Bank 2 Group excl. Bank Cash flow from operating activities before change in working capital 3, ,544 Change in working capital Inventories Current receivables Current liabilities ICA Bank s net of deposits, lending and investments 1,227 1,227 Cash flow from operating activities 3,983 1,432 2,551 Cash flow from investing activities -2, ,464 Cash flow from financing activities -3, ,623 Cash flow for the period -1,979 1,557-3,536 Cash and cash equivalents at the beginning of the period 6,258 2,38 3,878 Exchange differences in cash and cash equivalents Cash and cash equivalents at the end of the period 4,298 3, Third quarter Jan.-Sept. SEKm Net sales 3,984 4,235 11,737,826 Other income Expenses -4,21-4,228-12,28-16,367 Operating profit/loss Net financial items Tax Profit/loss from operations Gain from divestment 1 1,183 Profit/loss from discontinued operations , ICA Norway has been classified as a discontinued operation since 3 September 2. No impairment arose at measurement to fair value after deduction for selling costs. At 13 April 2, all the conditions for completion of the transaction were met, and ICA Norway is reported as a divested operation from that date.

20 SEKm Value according to purchase price allocation Trademarks 55 Customer relationships 28 Other intangible assets 62 Property, plant and equipment 2 Other non-current assets 6 Inventories 8 Other current assets 789 Cash and cash equivalents 288 Provisions -1 Non-current liabilities -9 Deferred tax liabilities -126 Current liabilities -3,549 Acquired, identifiable net assets -962 Goodwill 4,749 Acquired, identifiable net assets including goodwill 3,787 Consideration transferred 3,787 Cash and cash equivalents in Apotek Hjärtat AB -288 Change in consolidated cash and cash equivalents 3,499

21 Third quarter Jan.-Sept. SEKm months Oct. 2- Sept. 2 Net sales Gross profit Administrative expenses Operating profit/loss Financial income Financial expenses Profit/loss from investments in Group companies 2,967 3,767 4,283 3,275 3,791 Profit/loss after financial items 2,84-8 3,276 3,755 2,554 3,33 Appropriations ,9 1,9 Profit/loss before tax 2,84-8 3,276 3,755 3,713 4,192 Tax Profit/loss for the period 2, ,381 3,853 3,69 4,81 SEKm ASSETS Non-current assets 3 September 2 3 September 2 31 December 2 Investments in Group companies 29,939 29,91 29,774 Other intangible assets Deferred tax assets Other non-current assets Total non-current assets 3,353 3,423 3,185 Current assets Current receivables from Group companies 4, ,3 Other current assets Cash and cash equivalents Total current assets 4,975 1, 2,382 TOTAL ASSETS 35,328 31,573 32,567 EQUITY AND LIABILITIES Equity 22,57 2,48 2,276 Provisions Non-current liabilities Non-current interest-bearing liabilities 8,475 6,478 8,482 Liabilities to Group companies - 3, 3, Other non-current liabilities Total non-current liabilities 8,475 9,478 11,482 Current liabilities Current interest-bearing liabilities 3,571 1, Current liabilities to Group companies Other current liabilities Total current liabilities 3,953 1, TOTAL EQUITY AND LIABILITIES 35,328 31,573 32,567

22 Net sales, SEKm 21,82 19,755 22,223 22,16 23,18 23,673 25,542 25,517 Operating profit before depreciation (EBITDA), SEKm 1,37 1,28 1,752 1,616 1,423 1,6 1,448 1,78 Operating profit (EBIT) excl. non-recurring items, SEKm 1, ,172 1, ,18 1,321 Operating margin excl. non-recurring items, % Operating profit (EBIT), SEKm , , ,65 1,278 Operating margin, % Profit before tax, SEKm , ,185 Profit from continuing operations, SEKm , Profit/loss from discontinued operations, SEKm ,179 1 Profit for the period, SEKm , Earnings per share, continuing operations, SEK Earnings per share, discontinued operations, SEK Earnings per share, SEK Equity per share, SEK Return on equity, % Return on capital employed, % Cash flow from operating activities, continuing operations, SEKm 2, , , , Cash flow from operating activities, discontinued operations, SEKm Cash flow from operating activities, SEKm 2,1 63 1, , , Cash flow per share from operating activities, continuing operations, SEKm Cash flow per share from operating activities, discontinued operations, SEKm Cash flow per share from operating activities, SEKm Investing activities, continuing operations (cash flow), SEKm , Investing activities, discontinued operations (cash flow), SEKm Investing activities (cash flow), SEKm , Net debt, SEKm -9,19-9,99-9,84-8,276-7,58-13,596-1,845 -,132 Net debt/ebitda Same figures for ordinary shares and C shares.

23 Net sales by segment SEKm ICA Sweden 17,251,671 17,811 17,55 18,216 17,24 18,34 18,356 Rimi Baltic 2,838 2,597 2,888 2,952 3,195 2,932 3,136 3,196 Apotek Hjärtat ,783 3,212 3,113 ICA Bank ICA Real Estate Portfolio companies Other Intra-Group sales Net sales 21,82 19,755 22,223 22,16 23,18 23,673 25,542 25,517 Operating profit before depreciation/amortisation by segment (EBITDA) SEKm ICA Sweden , ,12 Rimi Baltic Apotek Hjärtat ICA Bank ICA Real Estate Portfolio companies Other Operating profit before depreciation/amortisation (EBITDA) 1,37 1,28 1,752 1,616 1,423 1,6 1,448 1,78 Operating profit excluding non-recurring items by segment SEKm ICA Sweden Rimi Baltic Apotek Hjärtat ICA Bank ICA Real Estate Portfolio companies Other Operating profit excluding non-recurring items 1, ,172 1, ,18 1,321 Depreciation/amortisation by segment SEKm ICA Sweden Rimi Baltic Apotek Hjärtat ICA Bank ICA Real Estate Portfolio companies Other Depreciation/amortisation

24 Third quarter Jan.-Sept. SEKm months Oct. 2- Sept. 2 Operating profit before depreciation/amortisation (EBITDA), SEKm 1,78 1,616 4,32 4,396 5,725 5,819 Operating margin excl. non-recurring items, % Operating margin, % Net margin, % Return on capital employed, % Return on equity, % Equity/assets ratio, % Net debt, SEKm - - -,132-8,276 -,132-7,58 Net debt/ebitda Share data Earnings per share, continuing operations, SEK Earnings per share, discontinued operations, SEK Earnings per share, SEK Share price at the end of the period, SEK Dividend per ordinary share, SEK Dividend, SEKm Dividend payout ratio, % Equity per share, SEK Cash flow from operating activities per share, SEK Number of ordinary shares 119,78,93 118,937, ,78,93 118,937, ,78,93 118,937,248 Number of C shares 82,67,892 82,67,892 82,67,892 82,67,892 82,67,892 82,67,892 Total number of shares at the end of the period 21,6,795 21,5, 21,6,795 21,5, 21,6,795 21,5, Average number of shares 21,1,15 21,5, 21,59,924 21,5, 21,32,37 21,5, Average number of shares after dilution 21,6,795 21,6,795 21,6,795 21,6,795 21,6,795 21,6,795

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