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Axfood AB (AXFO.ST)

AXFO.ST on Stockholm Stock Exchange

206.00SEK
9:30pm IST
Change (% chg)

-1.00kr (-0.48%)
Prev Close
207.00kr
Open
207.10kr
Day's High
208.10kr
Day's Low
204.80kr
Volume
235,150
Avg. Vol
270,235
52-wk High
213.40kr
52-wk Low
144.15kr

Latest Key Developments (Source: Significant Developments)

Axfood Q2 Operating Profit Rises To SEK 601 Million
Monday, 15 Jul 2019 

July 15 (Reuters) - Axfood AB ::HIGH GROWTH AND GOOD PROFITABILITY.Q2 OF YEAR WAS FAVOURABLY AFFECTED MAINLY BY WILLYS' CONTINUED STRONG PERFORMANCE AS WELL AS BY AXFOOD SNABBGROSS'S PROFITABLE GROWTH.Q2 CONSOLIDATED NET SALES AMOUNTED TO SEK 13,038 M (12,221), AN INCREASE OF 6.7%.Q2 OPERATING PROFIT TOTALLED SEK 601 M (545), AN INCREASE OF 10.2%.OUR SALES GROWTH OF 6.7% IS PROOF THAT OUR VARIOUS FOOD CONCEPTS ARE CONSOLIDATING ALREADY STRONG POSITIONS IN THEIR RESPECTIVE SEGMENTS - CEO.  Full Article

Axfood: Hemköp And Östenssons Begin Cooperation
Wednesday, 3 Apr 2019 

April 3 (Reuters) - Axfood AB ::HEMKÖP AND ÖSTENSSONS BEGIN COOPERATION.COOPERATION WILL START ON 1 SEPTEMBER.COOPERATION COVERS PURCHASING AND LOGISTICS VIA AXFOOD'S LOGISTICS COMPANY DAGAB, IT, HEMKÖP'S LOYALTY PROGRAMME AND MARKETING.  Full Article

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