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Axfood AB (AXFO.ST)

AXFO.ST on Stockholm Stock Exchange

133.20SEK
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Latest Key Developments (Source: Significant Developments)

Axfood says CFO Hygrell-Jonsson to leave the company
Tuesday, 7 Mar 2017 01:30am EST 

Axfood AB : CFO Karin Hygrell-Jonsson leaving Axfood . 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. .“After ten years as CFO I feel it is time for me to shift my focus from an operational to more of an advisory role,” says Karin Hygrell-Jonsson. “I currently serve on a few boards and hope to gain more such opportunities".  Full Article

Axfood Q4 operating profit misses market expectations
Tuesday, 7 Feb 2017 01:30am EST 

Axfood Ab : Q4 operating profit was SEK 401 mln . Q4 like-for-like sales for group-owned stores increased by 1.3% . Says is focusing on growth and new investments, and forecast is an operating profit in 2017 to be level with outcome for 2016 . Says board of directors proposes an ordinary dividend of SEK 6.00 per share (5.00, plus an extra dividend of 4.00) . Reuters poll: Axfood Q4 net sales seen at 11,112 million, ebit at sek 458 million, dividend at sek 5.63 per share . Says estimates food inflation of 1-2 percent in 2017 . Sees capital expenditures of sek 800-900 million in 2017 For the original story click here: http://mb.cision.com/Main/1306/2181784/624512.pdf Further company coverage: [AXFO.ST] ((rebecka.roos@thomsonreuters.com;)).  Full Article

Axfood Q2 operating profit matches forecast
Friday, 15 Jul 2016 07:00am EDT 

Axfood Ab : Q2 like-for-like sales for group-owned stores increased by 0.9% . Says expects operating profit for 2016 to exceed profit for 2015 . Q2 operating profit for period was sek 494 m (431) .Reuters poll: Axfood Q2 LFL sales were seen at +3.6 pct, EBIT at SEK 494 mln.  Full Article

Axfood says Dagab acquires warehouse operation
Friday, 17 Jun 2016 04:00am EDT 

Axfood AB : Says its supply chain organization Dagab acquires Saba's warehouse operation in Helsingborg .Says the acquisition entails that Dagab will take over all equipment and the warehouse's 150 employees, and will sign a five-year lease with Saba.  Full Article

Reitangruppen says plans placing of 10 mln Axfood shares
Monday, 23 May 2016 11:40am EDT 

Reitangruppen: Says Nordea has been mandated by Reitangruppen to explore the opportunity to sell approximately 10 million shares of its holding in Axfood AB , corresponding to just below 5 percent of shares . Says price in the placing will be determined through an accelerated book-building process commencing today, 23 May 2016 Further company coverage: [AXFO.ST] ((niklas.pollard@thomsonreuters.com;)).  Full Article

Axfood comments on FY 2016 profit guidance
Tuesday, 19 Apr 2016 08:00pm EDT 

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 gives guidance on FY 2016 profit; proposes ordinary dividend for FY 2015 and extra dividend
Friday, 5 Feb 2016 01:30am EST 

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 says Reitan Group explores options for its holdings in Axfood
Monday, 21 Dec 2015 06:07am EST 

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 revises FY 2015 earnings target
Wednesday, 21 Oct 2015 01:30am EDT 

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

More From Around the Web

BRIEF-Axfood says CFO Hygrell-Jonsson to leave the company

* 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.