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Hakon Invest AB : Hakon Invest AB: Year-end report for fiscal year 2012



   Hakon Invest AB : Hakon Invest AB: Year-end report for fiscal year 2012

Fourth quarter October 1 - December 31, 2012

  * Net sales amounted to SEK 854 M (840) in the fourth quarter.
  * Operating profit amounted to SEK 301 M (281). Profit before tax amounted
    to SEK 311 M (320).
  * Profit for the period was SEK 349 M (249). Earnings per share attributable
    to continuing operations amounted to SEK 2.08 (1.92) before and after
    dilution.
  * The ICA Group's net sales increased by 0.3% compared with the same period
    in the previous year. Operating profit amounted to SEK 928 M (947).

Period January 1 - December 31, 2012

  * Net sales amounted to SEK 2,726 M (2,498) during the fiscal year.
  * Operating profit excluding Hakon Invest's share of ICA's extra tax expense
    of SEK 512 M, amounted to SEK 768 M (538). Hakon Invest's share of ICA's
    SEK 236 M goodwill impairment was excluded from the result for the
    previous year.
  * Operating profit amounted to SEK 256 M (302), of which capital gains
    accounted for SEK 94 M (0). Profit before tax amounted to SEK 288 M (252).
  * Profit for the year amounted to SEK 306 M (59). Earnings per share
    attributable to continuing operations amounted to SEK 2.02 (1.97) before
    and after dilution.
  * The ICA Group's net sales increased by 1.8% compared with the previous
    year. Operating profit amounted to SEK 3,274 M (2,505).

Significant events after the end of the period

  * Hakon Invest has signed an agreement with Ahold to acquire the remaining
    60 per cent of the shares in ICA for a cash consideration of SEK 20
    billion. The transaction is, inter alia, conditioned upon approval by the
    relevant authorities. The acquisition is being financed with existing cash
    and a secured bridge financing. Following completion of the deal, the
    bridge financing is intended to be repaid by an underwritten share issue
    to Hakon Invest's shareholders of approx. SEK 5 billion, as well as other
    long-term financing.
  * Due to the bridge financing and subsequent share issue, Hakon Invest will
    not distribute any dividend for 2012 (6.25).
  * ICA is proposed to pay a dividend of SEK 2 billion for 2012, of which
    Hakon Invest's portion amounts to SEK 800 M (800).
     

Press and analyst meeting today at 10.00 a.m. at Spårvagnshallarna

Hakon Invest will hold a press and analyst meeting today, Monday February 11,
2013, at 10.00 a.m. at Spårvagnshallarna, Birger Jarlsgatan 57A, Stockholm.
The meeting (in Swedish) will be webcasted at www.hakoninvest.se. CEO
Claes-Göran Sylvén and CFO Göran Blomberg will present today's announcement
and the Full-year report for 2012.

At 14.30 CET Hakon Invest will host a conference call in English. To
participate, dial +46 8 99 92 13 followed by code 341303#.

For further information, please contact:

CEO Claes-Göran Sylvén
+46 8 55 33 99 64

CFO Göran Blomberg
+46 8 55 33 99 99

IR Pernilla Grennfelt
+46 8 55 33 99 55

The information in this interim report is such that Hakon Invest must disclose
pursuant to the Swedish Securities Market Act and/or the Swedish Financial
Instruments Trading Act. The information was submitted for publication at
07.00 CET on Monday, February 11, 2013. The report has not been reviewed by
the companys auditors.

 

Year-end Report (pdf)

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This announcement is distributed by Thomson Reuters on behalf of Thomson
Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
the
information contained therein.

Source: Hakon Invest AB via Thomson Reuters ONE
HUG#1676894
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