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2025-10-23 07:00 Kvartalsrapport 2025-Q3
2025-07-11 07:00 Kvartalsrapport 2025-Q2
2025-04-24 07:00 Kvartalsrapport 2025-Q1
2025-03-19 N/A Årsstämma
2025-01-30 07:00 Bokslutskommuniké 2024
2024-10-24 - Kvartalsrapport 2024-Q3
2024-09-19 - X-dag halvårsutdelning AXFO 4.25
2024-07-12 - Kvartalsrapport 2024-Q2
2024-04-25 - Kvartalsrapport 2024-Q1
2024-03-21 - X-dag halvårsutdelning AXFO 4.25
2024-03-20 - Årsstämma
2024-02-01 - Bokslutskommuniké 2023
2023-10-24 - Kvartalsrapport 2023-Q3
2023-09-21 - X-dag halvårsutdelning AXFO 4
2023-07-14 - Kvartalsrapport 2023-Q2
2023-07-12 - Kvartalsrapport 2023-Q2
2023-04-26 - Kvartalsrapport 2023-Q1
2023-04-25 - Kvartalsrapport 2023-Q1
2023-03-23 - X-dag halvårsutdelning AXFO 4.15
2023-03-22 - Årsstämma
2023-02-01 - Bokslutskommuniké 2022
2022-10-20 - Kvartalsrapport 2022-Q3
2022-09-22 - X-dag halvårsutdelning AXFO 3.75
2022-07-15 - Kvartalsrapport 2022-Q2
2022-04-21 - Kvartalsrapport 2022-Q1
2022-03-24 - X-dag halvårsutdelning AXFO 4
2022-03-23 - Årsstämma
2022-02-03 - Bokslutskommuniké 2021
2021-10-21 - Kvartalsrapport 2021-Q3
2021-09-23 - X-dag halvårsutdelning AXFO 3.75
2021-07-15 - Kvartalsrapport 2021-Q2
2021-04-22 - Kvartalsrapport 2021-Q1
2021-03-25 - X-dag halvårsutdelning AXFO 3.75
2021-03-24 - Årsstämma
2021-02-04 - Bokslutskommuniké 2020
2020-10-22 - Kvartalsrapport 2020-Q3
2020-09-17 - X-dag halvårsutdelning AXFO 3.5
2020-07-15 - Kvartalsrapport 2020-Q2
2020-04-22 - Kvartalsrapport 2020-Q1
2020-03-19 - X-dag halvårsutdelning AXFO 3.75
2020-03-18 - Årsstämma
2020-02-06 - Bokslutskommuniké 2019
2019-10-24 - Kvartalsrapport 2019-Q3
2019-07-15 - Kvartalsrapport 2019-Q2
2019-04-25 - Kvartalsrapport 2019-Q1
2019-03-22 - X-dag ordinarie utdelning AXFO 7.00 SEK
2019-03-21 - Årsstämma
2019-02-05 - Bokslutskommuniké 2018
2018-10-24 - Kvartalsrapport 2018-Q3
2018-07-16 - Kvartalsrapport 2018-Q2
2018-04-24 - Kvartalsrapport 2018-Q1
2018-03-15 - X-dag ordinarie utdelning AXFO 7.00 SEK
2018-03-14 - Årsstämma
2018-02-06 - Bokslutskommuniké 2017
2017-10-19 - Kvartalsrapport 2017-Q3
2017-07-14 - Kvartalsrapport 2017-Q2
2017-04-20 - Kvartalsrapport 2017-Q1
2017-03-16 - X-dag ordinarie utdelning AXFO 6.00 SEK
2017-03-15 - Årsstämma
2017-02-07 - Bokslutskommuniké 2016
2016-10-20 - Kvartalsrapport 2016-Q3
2016-07-15 - Kvartalsrapport 2016-Q2
2016-04-20 - Kvartalsrapport 2016-Q1
2016-03-17 - X-dag ordinarie utdelning AXFO 5.00 SEK
2016-03-17 - X-dag bonusutdelning AXFO 4
2016-03-16 - Årsstämma
2016-02-05 - Bokslutskommuniké 2015
2015-10-21 - Kvartalsrapport 2015-Q3
2015-07-15 - Kvartalsrapport 2015-Q2
2015-04-22 - Kvartalsrapport 2015-Q1
2015-04-17 - Split AXFO 1:4
2015-03-19 - X-dag ordinarie utdelning AXFO 17.00 SEK
2015-03-18 - Årsstämma
2015-02-10 - Bokslutskommuniké 2014
2014-10-22 - Kvartalsrapport 2014-Q3
2014-10-22 - Analytiker möte 2014
2014-07-15 - Kvartalsrapport 2014-Q2
2014-04-24 - Kvartalsrapport 2014-Q1
2014-03-13 - X-dag ordinarie utdelning AXFO 15.00 SEK
2014-03-12 - Årsstämma
2014-02-04 - Bokslutskommuniké 2013
2013-10-18 - Kvartalsrapport 2013-Q3
2013-10-18 - Analytiker möte 2013
2013-07-15 - Kvartalsrapport 2013-Q2
2013-04-19 - Kvartalsrapport 2013-Q1
2013-03-14 - X-dag ordinarie utdelning AXFO 12.00 SEK
2013-03-13 - Årsstämma
2013-02-07 - Bokslutskommuniké 2012
2012-10-23 - Kvartalsrapport 2012-Q3
2012-10-23 - Analytiker möte 2012
2012-07-16 - Kvartalsrapport 2012-Q2
2012-04-27 - Kvartalsrapport 2012-Q1
2012-03-15 - X-dag ordinarie utdelning AXFO 12.00 SEK
2012-03-14 - Årsstämma
2011-10-20 - Kvartalsrapport 2011-Q3
2011-07-18 - Kvartalsrapport 2011-Q2
2011-04-20 - Kvartalsrapport 2011-Q1
2011-03-17 - X-dag ordinarie utdelning AXFO 12.00 SEK
2011-03-16 - Årsstämma
2011-02-08 - Bokslutskommuniké 2010
2010-10-26 - Kvartalsrapport 2010-Q3
2010-07-15 - Kvartalsrapport 2010-Q2
2010-03-11 - X-dag ordinarie utdelning AXFO 10.00 SEK
2010-03-10 - Årsstämma
2010-02-02 - Bokslutskommuniké 2009
2009-10-21 - Kvartalsrapport 2009-Q3
2009-07-16 - Kvartalsrapport 2009-Q2
2009-04-17 - Kvartalsrapport 2009-Q1
2009-03-11 - Årsstämma
2009-03-11 - X-dag ordinarie utdelning AXFO 8.00 SEK
2008-03-06 - X-dag ordinarie utdelning AXFO 12.00 SEK
2007-03-09 - X-dag ordinarie utdelning AXFO 12.00 SEK
2007-03-09 - X-dag bonusutdelning AXFO 8
2006-03-10 - X-dag ordinarie utdelning AXFO 9.00 SEK
2006-03-10 - X-dag bonusutdelning AXFO 6
2005-03-11 - X-dag ordinarie utdelning AXFO 6.50 SEK
2005-03-11 - X-dag bonusutdelning AXFO 4.5
2004-03-05 - X-dag ordinarie utdelning AXFO 5.50 SEK
2003-04-24 - X-dag ordinarie utdelning AXFO 5.00 SEK
2002-04-26 - X-dag ordinarie utdelning AXFO 2.50 SEK
2001-05-04 - X-dag ordinarie utdelning AXFO 0.00 SEK
2000-05-12 - X-dag ordinarie utdelning AXFO 2.60 SEK

Beskrivning

LandSverige
ListaLarge Cap Stockholm
SektorHandel & varor
IndustriDagligvaror
Axfood är verksamma inom dagligvaruhandeln. Bolaget är specialiserade inom detalj- och partihandel och inom koncernen återfinns ett flertal dagligvarukedjor, där de mer kända inkluderar Hemköp, Willys och Mat.se. Idag står den svenska marknaden för majoriteten av försäljningen och försäljning sker huvudsakligen via fysiska butiker, men bolagets varumärken erbjuder även hemkörning av varor, samt diverse matkasseleveranser. Huvudkontoret ligger i Stockholm.
2024-07-12 07:00:00

Axfood is summarising a quarter with growth higher than the market once again, despite exceptionally high comparison figures. Market positions were thereby strengthened even further, with a continued positive trend in customer traffic and increased volumes. Earnings were negatively impacted by a weaker sales development in Dagab, as well as costs associated with operational disruptions and the restructuring of logistics during the period. In the quarter, an agreement was signed to acquire City Gross, which gives Axfood growth opportunities in the hypermarket segment and improves competition in the market.

President and CEO Klas Balkow's comments on the interim report for the second quarter 2024:

"Despite exceptionally high comparison figures, Axfood grew more than the market during the second quarter. Retail sales increased 2.6%, driven by continued volume growth due to a strong inflow of customers. It is clear that our concepts are consolidating their market positions which have been significantly improved in recent years.

Willys' ambition to offer Sweden's cheapest bag of groceries is fundamental to the chain's strategy, and during the quarter Willys continued to secure its price position. The 2.6% growth - in the face of the highest comparison figures in the market - shows that its strategy is working. This is also confirmed by Willys' customer surveys, which show high customer satisfaction and strong loyalty.

Hemköp is continuing to work on its assortment, price value and store modernisations, and once again posted strong growth in like-for-like sales of 4.6% during the quarter. The café and restaurant market is facing a challenging situation as many consumers are prioritising other types of spending than going out to eat. Our restaurant wholesaler Snabbgross delivered growth of 1.8%.
During the quarter, we gradually scaled up our frozen food volumes at the new logistics centre in Bålsta, which means that the facility now has operations up and running in all temperature zones. In addition, the expansion and automation of the existing high-bay warehouse in Backa, Gothenburg has also intensified. However, we have experienced operational disruptions while ramping up Bålsta and have re-balanced volumes between warehouses to optimise logistics flows. During this transition, we have prioritised stability in deliveries to stores which has resulted in significantly higher personnel and transport costs. Overall, the establishment of the new logistics structure results in higher costs in the short term, but with expected annual efficiency improvements in line with what has been communicated earlier. We are now in a better position to be back on track with the restructuring in the second half of the year and to gradually accelerate the work on operational adjustments.
In early June, we announced that we are acquiring the City Gross hypermarket concept. We are delighted to have reached this agreement and now await the Swedish Competition Authority's review. We look forward to working to strengthen the chain's position and more clearly challenge the major players in the growing hypermarket segment.
We are summarising a quarter with a positive development in our chains, but weaker earnings with a negative impact from costs of SEK 86 m related to operational disruptions and the acquisition of City Gross. We have a strong financial position and are confident that the investments we are making will create a solid platform for improved competitiveness in the future."

Second quarter summary
  • Net sales totalled SEK 21,044 m (20,797), an increase of 1.2%.
  • Retail sales totalled SEK 16,509 m (16,098), an increase of 2.6%.
  • Operating profit amounted to SEK 836 m (878). Operating profit in the prior year period included items affecting comparability of SEK -64 m. The operating margin was 4.0% (4.2).
  • Adjusted operating profit amounted to SEK 836 m (942). The adjusted operating margin amounted to 4.0% (4.5). Operating profit was impacted by SEK 86 m in costs associated with restructuring of logistics, the acquisition of City Gross, and operational disruptions in the stores' payment systems.
  • Net profit for the period amounted to SEK 582 m (631) and earnings per share before dilution to SEK 2.68 (2.93).
  • On 11 June, an agreement was signed to acquire 90.1% of the shares in City Gross, which means that Axfood is increasing its shareholding to 100%. Completion of the transaction is subject to approval by the Swedish Competition Authority and the European Commission.
Summary January - June
  • Net sales totalled SEK 41,296 m (40,049), an increase of 3.1%.
  • Retail sales totalled SEK 32,790 m (31,323), an increase of 4.7%.
  • Operating profit amounted to SEK 1,653 m (1,573). Operating profit in the prior year period included items affecting comparability of SEK -119 m. The operating margin was 4.0% (3.9).
  • Adjusted operating profit amounted to SEK 1,653 m (1,692). The adjusted operating margin amounted to 4.0% (4.2).
  • Net profit for the period amounted to SEK 1,143 m (1,103) and earnings per share before dilution

to SEK 5.28 (5.13).

Axfood will present the interim report for the second quarter 2024 in a webcast at 9:30 a.m. (CET) today, 12 July 2024. The report will be presented by Klas Balkow, President and CEO, and Anders Lexmon, CFO. You can find a link to the webcast at axfood.com (https://www.axfood.com/investors/). A link to register to participate via conference call is also available at axfood.com (https://www.axfood.com/investors/). Upon registration, a telephone number and conference ID for the conference call will be provided.
For further information, please contact:
Alexander Bergendorf, Head of Investor Relations, Axfood AB, tel +46 73 049 18 44
 

The information herein is such that Axfood AB (publ) is required to make public in accordance with the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person listed above, at 7:00 a.m. CET on 12 July 2024.
This document is an English translation of the Swedish original. In the event of any discrepancies, the Swedish version shall govern.