Edition:
United Kingdom

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. 

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