Ahold majority-owned ICA Group said net sales for the full year of 2010 amounted to SEK93.9bn (£8.9bn), a drop of 0.8% on 2009. At constant exchange rates net sales grew 0.9%.

During the fourth quarter, the grocer’s sales amounted to SEK24.5bn (£2.3bn), a fall of 0.4% compared with the same period in 2009. At constant exchange rates, net sales increased 2.6%.