Edition:
United Kingdom

ICA Gruppen Estimates CAPEX in 2019 To Amount To SEK 4 Bln


Thursday, 13 Dec 2018 

Dec 13 (Reuters) - ICA Gruppen AB ::ICA'S CAPITAL MARKETS DAY - INVESTING IN NEW CUSTOMER BENEFITS AND TO CAPITALISE ON SYNERGIES.ICA WILL ALSO ANNOUNCE INCREASE IN GROUP'S CAPEX BUDGET FOR 2019 TO SEK 4 BILLION.CAPITAL EXPENDITURES (CAPEX) IN 2019 ARE ESTIMATED TO AMOUNT TO SEK 4 BILLION.CAPITAL EXPENDITURES FOR 2018 ARE EXPECTED TO TOTAL APPROXIMATELY SEK 3.5 BILLION BY YEAR-END.CONTINUES TO INVEST HEAVILY IN STORE NETWORK AND IN IT, CRM AND E-COMMERCE SOLUTIONS.CONTINUES TO INVEST HEAVILY IN STORE NETWORK AND IN IT, CRM AND E-COMMERCE SOLUTIONS.GROUP WILL BE INCREASING ITS INVESTMENTS IN RIMI BALTIC IN 2019.