Daily Management Review

ICA Gruppen Takes A Closer Look At Its Property Assets And Online Shopping Facilities


12/12/2015


The ICA Gruppen is holing a “Capital Markets Day” for reviewing its property status and online shopping operations.



Sweden – 11 December 2015 – ICA Gruppen organises “a Capital Markets Day” programme on the 11th of December 2015 in the capital of Sweden. The agenda of the event offers a “review” from the “strategic priorities” group along with targets and reviews of “the operations of Apotek Hjärtat, ICA Real Estate and ICA Sweden”. Moreover, the latter will also include a detailed study of its “online operations”.
 
The management of ICA Gruppen met up with representatives from bank, the media personells and financial analysts and presented them with the broad strategies of the company which has supported market views and “investment projects”.
 
In fact, the programme will also cover an important area of “the forthcoming sale of ICA’s properties in Norway’. Consequently, the ICA Real Estate will provide a stock valuation for the entire property in question, which either “wholly” or “partly” owned companies amounting up to “SEK 17.8 billion”, while from this lot the valuation of the Norwegian properties make up “SEK 2.5 billion”.
 
Furthermore, the online operations of ICA will also be taken into consideration in this session, whereby it is expected that ten percent of the total growth figures of ICA in this fiscal year is made of “online trading”.
 
At present, ICA has hundred and fifty stores for dealing with its online shopping operations, while another hundred fifty more stores have “registered their interest”. In various surveys of the ICA customers, using the company’s service, it has been found that ninety six percent of them who responded are willing to pay a re-visit to the shop; while another survey conducted in the “card customers” demonstrate that almost twenty two percent of online shopping is done at ICA, whereby becoming more loyal to its services.
 
The information provided by the ICA has been in accordance to the “Securities Market Act and/or the Financial Instruments Trading Act”. Moreover, BusinessWire writes:
“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.”





References:
www.businesswire.com
 







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