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Axfood AB (AXFO.ST)

AXFO.ST on Stockholm Stock Exchange

138.20SEK
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Latest Key Developments (Source: Significant Developments)

Axfood Q2 operating profit just below expectations​
Friday, 14 Jul 2017 07:00am EDT 

July 14 (Reuters) - Axfood :Q2 ‍operating profit was SEK 487 mln (494), corresponding to an operating margin of 4.1 pct (4.5 pct)​.Says forecast is an operating profit for 2017 that is level with outcome for 2016.Reuters poll: Axfood Q2 net sales seen at 11,794 million SEK, EBIT at 508 million SEK.Q2 l-f-l sales for group-owned stores +5.9 percent.  Full Article

Axfood acquires Middagsfrid
Wednesday, 31 May 2017 08:30am EDT 

May 31 (Reuters) - Axfood AB :Says acquires middagsfrid.Says company today has some 20 employees and delivers groceries home to customers at some 300 locations throughout Sweden.Says sales in 2016 amounted to approximately SEK 75 million.  Full Article

Axfood says to exercise buyback mandate
Thursday, 20 Apr 2017 01:13am EDT 

April 20 (Reuters) - Axfood Ab :Says board of directors of axfood has decided to exercise authorization granted to it by annual general meeting on 15 March 2017 to repurchase own shares.  Full Article

Axfood Q1 EBIT in line with expectations
Thursday, 20 Apr 2017 01:10am EDT 

April 20 (Reuters) - Axfood Ab :Q1 consolidated net sales amounted to sek 10,639 m (10,305), an increase of 3.2%.Q1 operating profit 397 m (408 sek).Says reiterates forecast .Says the forecast is an operating profit in 2017 that is level with the outcome for 2016.Says stands by estimate for food inflation of 1-2% during 2017.Reuters poll: Axfood Q1 net sales seen at 10,623 million sek, EBIT at 397 million sek.  Full Article

StrongPoint Sweden signs agreement with Axfood
Wednesday, 29 Mar 2017 03:09am EDT 

STRONGPOINT ASA : REG-STRONGPOINT ASA: BREAKTHROUGH FOR CLICK & COLLECT IN SCANDINAVIA .STRONGPOINT SWEDEN HAS SIGNED AN AGREEMENT WITH AXFOOD FOR DELIVERY OF STRONGPOINT'S CLICK & COLLECT SOLUTIONS.  Full Article

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

BRIEF-Axfood Q2 operating profit just below expectations​

* Q2 ‍operating profit was SEK 487 mln (494), corresponding to an operating margin of 4.1 pct (4.5 pct)​