Subscribe Login
Retail

Sweden’s ICA Sees 6.7% Sales Growth In September 2020

Swedish retailer ICA Gruppen has posted a 6.7% year-on-year growth in sales to SEK 10.2 billion (€980 million) in September 2020.

Like-for-like sales for the period increased by 6.6%, the retailer added.

Divisional Performance

The company’s Maxi ICA Stormarknad retail chain emerged as the strongest performer with a like-for-like sales growth of 8.1% (9.1% reported), followed by ICA Kvantum with a 6.9% like-for-like growth (7.1%).

Proximity chain, ICA Nära saw like-for-like sales grow by 6.7% (7.0% reported) to SEK 1.5 billion (€140 million).

ICA Supermarket reported sales worth SEK 2.97 billion (€290 billion) in this period, up 4.8% on a like-for-like basis.

Year To Date Performance

On a year to date basis, the retailer has seen a 7.0% like-for-like growth in sales to SEK 97.1 billion (€9.3 billion).

Maxi ICA Stormarknad has generated sales worth SEK 30.9 billion in this period, up 9.4% on a like-for-like basis, while sales at ICA Supermarket increased by 4.6% on a like-for-like basis to SEK 28 billion.

Sales at ICA Kvantum amounted to SEK 23.5 billion (+7.2% like-for-like basis), while ICA Nära generated sales of SEK 14.6 billion (+6.4% like-for-like basis).

© 2020 European Supermarket Magazine – your source for the latest retail news. Article by Dayeeta Das. Click subscribe to sign up to ESM: The European Supermarket Magazine.

Stay Connected With Our Weekly Newsletter

Processing your request...

Thanks! please check your email to confirm your subscription.

By signing up you are agreeing to our Terms & Conditions and Privacy Policy
Enjoy unlimited digital access for 30 days
Get exclusive access to the latest grocery retail & FMCG news, interviews with industry leading executives, and expert analysis on the trends shaping the sector today
Enjoy unlimited digital access for 30 days
Enjoy unlimited digital access for 30 days
Get exclusive access to the latest grocery retail & FMCG news, interviews with industry leading executives, and expert analysis on the trends shaping the sector today
Enjoy unlimited digital access for 30 days