Edition:
United Kingdom

Axfood AB (AXFO.ST)

AXFO.ST on Stockholm Stock Exchange

163.85SEK
16 Nov 2018
Change (% chg)

1.35kr (+0.83%)
Prev Close
162.50kr
Open
162.60kr
Day's High
165.10kr
Day's Low
162.50kr
Volume
262,095
Avg. Vol
404,988
52-wk High
191.65kr
52-wk Low
135.60kr

Latest Key Developments (Source: Significant Developments)

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