Costs

In order to invest in areas that strengthen the offering, drive growth and improve efficiency, it is necessary to lower costs and free up resources in other areas. Although reprioritising was needed the most in the grocery segment, extensive work is being carried out throughout ICA Gruppen to identify possible areas for efficiency improvement.

Within ICA Sweden a decision was taken during the year to implement an efficiency improvement programme. The programme aims to reduce costs by up to SEK 1 billion on an annual basis and includes an organisational overhaul that will initially result in around 200 positions being cut. A cost-saving programme was also decided on within Rimi Baltic during the year and will include improving efficiency in stores, logistics and administration. Within Apotek Hjärtat the focus is on improving efficiency in areas such as logistics, warehouse management and staffing.

ICA Real Estate launched a project during the year aimed at optimising ways of working and requirement specifications for new builds and renovations. The goal is to achieve greater cost efficiency and thereby be better equipped to handle higher cost levels. The areas in focus include data-driven analysis of building costs and cost-efficient construction.

Multiple initiatives are taking place in all areas of the organisation aimed at reducing energy consumption by 20% by 2030.