Axfood AB (AXFO.ST)
Latest Key Developments (Source: Significant Developments)
Reitangruppen: Says Nordea has been mandated by Reitangruppen to explore the opportunity to sell approximately 10 million shares of its holding in Axfood AB
Axfood AB:Says expects operating profit for FY 2016 to exceed outcome for FY 2015.Reported operating profit of 1.76 billion Swedish crowns for FY 2015. Full Article
Axfood AB:Says proposes an ordinary dividend of 5.00 Swedish crowns per share for FY 2015 and an extra dividend of 4.00 crowns per share.Paid ordinary dividend of 4.25 crowns per share for FY 2014.Says expects operating profit for FY 2016 to exceed outcome for FY 2015.Reported operating profit of 1.76 million Swedish crowns for FY 2015.FY 2016 EBIT 1.84 billion crowns-Thomson Reuters I/B/E/S. Full Article
Axfood AB:Says the Reitan Group has announced that it is exploring options for divesting its financial holdings of 15.6 percent of the capital and votes in Axfood. Full Article
Axfood AB:Revises FY 2015 target.Says previous earnings target has been replaced with a forecast for FY 2015 of an operating profit of around 1.70 billion Swedish crowns.Says the higher payroll taxes affect the company negatively, since they pertain to a large share of its employees.Says estimates the effect for FY 2015 to be 30 million crowns, with a full-year effect of about 130 million crowns. Full Article
* Says process of finding a new CFO will begin immediately, and Anders Lexmon, who has been with Axfood for many years, will serve as acting CFO.