Wednesday, February 11, 2015

Formica’s operating profit lower than expected – Swedish newspaper Svenska Dagbladet

Formica's operating profit lower than expected – Swedish newspaper Svenska Dagbladet

The operating profit, EBIT, excluding non-recurring items was 1.081 billion kronor for the fourth quarter of 2014. This compares with analyst forecasts, collected by the survey company Inquiry Financial, at 1.159 billion crowns.

Sales for ICA Group, with CEO Per Strömberg in the lead, landed simultaneously on 23.18 billion kronor for the fourth quarter of last year. This forecast was 22.833 billion crowns.

The dividend is expected as forecast by Inquiry Financial becoming 9:42 per share. Now the dividend, pursuant to the proposed meeting this spring, SEK 9.50 per share.

In the spring of last year shareholders received SEK 8 evenly per share in dividends for fiscal year 2013.

Per Strömberg express satisfaction over the past year for the ICA Group’s behalf.

– We can now look back on an eventful year, with much of what we set out to implement also has been done. Disposal of ICA Norge, acquisition of Pharmacy Cardiac and not least important, the activities of our various segments have been developed at a good pace and delivered good results, he comments in this bulletin.

Ica Group notes so far this year a modest price increase on the Stockholm Stock Exchange after last year’s meteoric career of shares when it took home the silver medal – in terms of price boost in 2014.

52 percent share rose then, only with Kinnevik in front of him.

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