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Hakon Invest AB (STO:HAKN) January 1 - September 30, 2008
- Group revenues amounted to SEK 861 M (735). This represents an increase of 17.1% compared with the same period in 2007. The increase is mainly due to acquired operations. - Operating profit in the Group, including share of profits of ICA AB, amounted to SEK 424 M (536). - Net financial items amounted to SEK -245 M (145). - Profit for the period amounted to SEK 180 M (1,012). The comparative figure includes positive income tax of SEK 350 M. Earnings per share amounted to SEK 1.21 (6.31) before and after dilution. - The ICA Group's revenues increased by 11.0%. Operating profit amounted to SEK 1,602 M (1,840).
July 1 - September 30, 2008
- Group revenues amounted to SEK 277 M (308). - Operating profit in the Group, including share of profits of ICA AB, amounted to SEK 203 M (269). - Net financial items amounted to SEK -112 M (-27). - Profit for the period was SEK 89 M (241). Earnings per share amounted to SEK 0.57 (1.50). - The ICA Group's revenues increased by 10.0%. Operating profit amounted to SEK 683 M (899).
President Claes-Göran Sylvén's comment: "As far as our portfolio companies we are working so as to be well prepared for a less favorable business climate. This includes being able to quickly adapt the cost base should the market recede still further. On the other hand, we feel optimistic ahead of the fourth quarter, the most important quarter for the retail sector, on the basis of the assessments we can make as things stand today."
For further information, please contact:
President and CEO Claes-Göran Sylvén +46 8 55 33 99 64
CFO (leaving in November 2008) Göran Hesseborn +46 8 55 33 99 99
Acting CFO Charlotte Hjorth +46 8 55 33 99 10
Head of IR Pernilla Linger +46 8 55 33 99 55
Press and analyst meeting At 10.30 CET on Wednesday, November 5, Hakon Invest will hold a press and analyst meeting in Salén Konferens at Norrlandsgatan 15 in Stockholm. Notify attendance at ir@hakoninvest.se. The press and analyst meeting will be webcast and can be followed at www.hakoninvest.se.
Hakon Invest, which is listed on the OMX Nordic Exchange in Stockholm, conducts active and long-term investment operations in retail-oriented companies in the Nordic and Baltic regions. Hakon Invest owns 40% of ICA AB, one of the Nordic region's leading food retail companies. Hakon Invest also has holdings in Forma Publishing Group, Kjell & Company, Hemma, Cervera, inkClub and Hemtex. Further information about Hakon Invest is available at www.hakoninvest.se
This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
