Edition:
United Kingdom

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. 

Related Company News

Company Quote

172.5
-0.85 -0.49%
18 Apr 2019