Our core mission is to preserve, manage and develop the principle that has laid the foundation for ICA’s successful journey for 100 years. We call this the ICA Idea. The combination of independent – and local – entrepreneurship with economies of scale has proved to be a winning concept.
The action plan is evaluated and discussed yearly by ICA-handlarnas Förbund’s management and ICA-handlarnas Förbund’s board of directors with the goal of always prioritising the right areas for corporate governance and the owner plan. For ICA Gruppen this plan includes the following main goals.
Advocate for a strong ICA Gruppen
ICA Gruppen is one of the Nordic region’s leading retail companies, with a clear strategy for profitable growth. As the majority owner, ICA-handlarnas Förbund stands behind the company’s financial and qualitative goals. These are designed to ensure that ICA Gruppen creates value for the shareholders, and they secure the company’s long-term direction based on the market conditions. ICA Gruppen’s board of directors has adopted the following long-term financial targets for the Group:
Ensure long-term majority ownership of ICA Gruppen
Clear majority ownership creates security for ICA Gruppen to make long-term decisions that benefit the company, its shareholders, and the ICA stores. ICA-handlarnas Förbund’s mission is to create financial opportunities for maintaining majority ownership of ICA Gruppen.
Ensure development of the ICA Idea
The ICA Idea forms the foundation of ICA’s structure and business model. ICA-handlarnas Förbund shall work to ensure that the ICA Idea and the culture it represents permeates the entire ICA Gruppen and that the ICA stores are given opportunities to develop with profitability.