Edition:
India

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". 

Company Quote

205.6
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22 Oct 2019