Axfood AB

AXFO

Equity

ISIN SE0006993770 / Valor 27808199

NASDAQ Nordic Exchange Stockholm, Equities (2025-11-21)

SEK 273.10+1.49%

Axfood AB
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About company

Axfood AB is a prominent Swedish retail company specializing in the grocery sector, operating key supermarket brands such as Willys, Hemköp, and Tempo. Established in 2000, the company has experienced substantial growth, increasing its annual turnover significantly over the past two decades. Axfood manages an extensive network of stores across Sweden, offering a wide range of food products to meet diverse consumer needs. In addition to its retail operations, the company is involved in food production and distribution, ensuring a robust and integrated supply chain. Axfood actively engages with institutional investors and the financial community, organizing events like Capital Markets Day and its Annual General Meeting to maintain transparent communication with stakeholders.

Summarized from source with an LLMView SourceSector: Consumer Services

Top-line performance

Net sales: +9.3% to SEK 22,995 m. Retail sales: SEK 20,282 m, up 22.9% overall and up 8.8% excluding City Gross (acquired November prior year). H1 (Jan–Jun) net sales up 6.6% to SEK 44,034 m.

Profitability and margins

Operating profit Q2: SEK 934 m (includes SEK -25 m items). Adjusted operating profit: SEK 959 m. Reported operating margin 4.1% (adjusted 4.2%) versus 4.0% year-earlier. H1 operating profit reported SEK 1,653 m (adjusted SEK 1,716 m); H1 net profit SEK 1,075 m and EPS before dilution SEK 4.93.

Store chain results

Willys drove outperformance with a 10% sales increase and strong customer traffic and loyalty. Hemköp grew 6% in the traditional grocery segment. Snabbgross also grew 6% despite a weak restaurant/café market. City Gross grew 3% and is in a transition phase with plans to reach profitability in the second half of 2026.

Logistics, efficiency and cost savings

Investments in automation and the new logistics platform (Bålsta fully operational) are boosting efficiency and competitiveness. Support-function efficiency measures implemented in Q2 are expected to generate roughly SEK 80 m in annual cost savings from 2026.

Sustainability actions

Axfood opened what it calls Sweden’s largest solar park in Q2 and continued to increase use of renewable fuels in transport as part of fossil-fuel phase-out efforts.

Management outlook and next steps

CEO Simone Margulies notes continued momentum across Willys, Hemköp and Snabbgross, ongoing work to strengthen City Gross, and sustained strategic initiatives to invest in price/value and competitiveness. The Q2 report was presented via webcast on 11 July 2025.

Summarized from source with an LLMView Source

Key figures

18.0%1Y

-0.33%3Y

35.3%5Y

Performance

22.8%1Y

21.8%3Y

22.3%5Y

Volatility