During the first two quarters was pushed the Ica profitability of raw material costs, unfavorable exchange rate and logistics costs. Increased logistics costs continues to weigh on the Ica’s profitability in the short-term perspective, according to Anders Svensson.
In the third quarter of 2018, and lifted the Ica’s operating margin as a result of the increased ow, and that raw material costs and the currency returned to normal, but the logistics costs continued to be a problem then, and will therefore weigh on future profitability.
– logistics costs are mainly driven by transportmarknadens development on the Swedish and the european level, ” said Anders Svensson.
in order to increase the Swedish organisation’s cost-effectiveness. According to Anders Svensson, it is not yet clear how large the cost savings will be, but that the organization will be informed during the first quarter of 2019.
– There will be staff redundant, but the work is ongoing and we cannot provide more information at the present time, said Anders Svensson.
He was careful to point out that this is not about short-term savings, but an adaptation of the organization to the future by “freeing up resources” and allocate funds to the growth areas.
the Ica Group’s share price has declined marginally in the morning trade on the stockholm stock exchange.
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