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Axfood AB (AXFO.ST)

AXFO.ST on Stockholm Stock Exchange

168.55SEK
12:01pm GMT
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0.60kr (+0.36%)
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167.95kr
Open
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169.40kr
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Volume
85,830
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319,084
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191.65kr
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135.60kr

Latest Key Developments (Source: Significant Developments)

Axfood Q4 Operating Profit Rises To SEK 425 Mln
Tuesday, 5 Feb 2019 

Feb 5 (Reuters) - Axfood AB ::STRONG FOURTH QUARTER SUMS UP A SUCCESSFUL 2018.Q4 CONSOLIDATED NET SALES AMOUNTED TO SEK 12,370 M (11,826), AN INCREASE OF 4.6%..PROPOSES FY DIVIDEND OF SEK 7.00 PER SHARE.Q4 OPERATING PROFIT TOTALLED SEK 425 M (398), AN INCREASE OF 7.0%..BOARD OF DIRECTORS PROPOSES AN UNCHANGED ORDINARY DIVIDEND OF SEK 7.00 PER SHARE (7.00).CAPITAL EXPENDITURES BY AXFOOD ARE EXPECTED TO AMOUNT TO SEK 1,500-1,600 M EXCLUDING ACQUISITIONS AND LEASE ASSETS."INVESTMENTS WE ARE PURSUING TO DEVELOP OUR BUSINESS GIVE RISE TO CAPEX NEED OF APPROXIMATELY SEK 1.5-1.6 BILLION FOR 2019".  Full Article

Axfood Increases Ownership In Urban Deli
Friday, 14 Dec 2018 

Dec 14 (Reuters) - Axfood AB ::AXFOOD INCREASES OWNERSHIP IN URBAN DELI.AXFOOD INCREASES OWNERSHIP IN URBAN DELI.IS INCREASING ITS OWNERSHIP IN URBAN DELI FROM 50% TO SLIGHTLY MORE THAN 90%.IS AT SAME TIME DEEPENING ITS COLLABORATION.  Full Article

Axfood eyes automation investments of 400-600 mln SEK/year over a four-year period
Wednesday, 24 Oct 2018 

Oct 24 (Reuters) - Axfood AB ::Q3 CONSOLIDATED NET SALES AMOUNTED TO SEK 12,050 M (11,578), AN INCREASE OF 4.1%..Q3 OPERATING PROFIT WAS SEK 620 M (604), AN INCREASE OF 2.6%..Q3 OPERATING MARGIN WAS 5.1% (5.2%).SAYS WARM, DRY SUMMER HAD BOTH POSITIVE AND NEGATIVE EFFECTS ON OPERATIONS.SAYS WILLYS HAD VERY STRONG PERFORMANCE AT SAME TIME THAT AXFOOD SNABBGROSS WAS AT TOP WITH GROWTH OF MORE THAN 11%.SAYS FOR OUR LOGISTICS OPERATIONS, SUMMER HEAT HAD A NEGATIVE EFFECT WITH EXTRA COSTS THAT WEIGHED DOWN PROFITABILITY.SAYS ESTIMATES INVESTMENT NEED IN AUTOMATION OF SEK 400-600 MILLION/YEAR OVER A FOUR-YEAR PERIOD.  Full Article

Axfood Q1 operating profit beats forecasts
Tuesday, 24 Apr 2018 

April 24 (Reuters) - Axfood AB ::GOOD START TO THE YEAR - STRONG GROWTH WITH HIGHER EARNINGS.Q1 CONSOLIDATED NET SALES AMOUNTED TO SEK 11,444 M (10,639), AN INCREASE OF 7.6%.Q1 OPERATING PROFIT WAS SEK 435 M (397), AN INCREASE OF 9.6%. OPERATING MARGIN WAS 3.8%.REUTERS POLL: Q1 EBIT WAS EXPECTED AT 408 MLN SEK, SALES AT 11,378 MLN SEK.SAYS WITH AN OPERATING MARGIN OF 3.8% WE ARE ON TRACK TO OUR LONG-TERM TARGET OF 4%, AND WE CONTINUE TO DELIVER ACCORDING TO OUR STRATEGIC AGENDA.  Full Article

Axfood Q3 operating profit slightly above expectations
Thursday, 19 Oct 2017 

Oct 19 (Reuters) - Axfood Ab :Axfood ab q3 ‍consolidated net sales amounted to sek 11,578 m​.Axfood ab q3 ‍operating profit was sek 604 m​.Axfood ab says ‍forecast is an operating profit for 2017 that is level with outcome for 2016​.Axfood ab says headed by willys, all segments showed favourable like-for-like sales in q3‍​.Axfood ab q3 like-for-like retail sales‍​ +4.5 percent.Axfood ab says sees 2017 operating profit in level with 2016‍​.Reuters poll: axfood q3 net sales seen at 11,531 million sek, ebit at 591 million sek.  Full Article

Swedish grocery retailer ICA Gruppen steps up investment

STOCKHOLM, Dec 13 ICA Gruppen, the owner of Sweden's biggest supermarket chain, said on Thursday it would increase investments next year to 4 billion crowns ($441 million) from 3.5 billion in 2018 as it adapts to a rapidly changing market.