President and CEO
"We have closed an eventful quarter with a high pace of development. We delivered high profitability and increased our earnings adjusted for costs related to the Bergendahls acquisition. Meanwhile, it's an exciting time with high activity in all parts of our Group. This past summer we communicated new and large investments in optimizing our logistics platform. In addition, we have received clearance from the
Third quarter summary
- Net sales totalled
SEK 13,723 m (13,426), an increase of 2.2%. -
Store sales for the
Axfood Group totalledSEK 11,589 m (11,503), an increase of 0.7%. -
Operating profit including items affecting comparability of
SEK 18 m for the integration with Bergendahls totalledSEK 793 m (796). The operating margin was 5.8% (5.9%). Operating profit excluding items affecting comparability wasSEK 811 m (796), an increase of 1.9%. The operating margin excluding items affecting comparability was 5.9% (5.9%). -
Net profit for the period was
SEK 601 m (605), and earnings per share before dilution wereSEK 2.93 (2.95). -
In September a dividend of
SEK 3.75 per share was paid out to the shareholders - the second half of the total shareholder dividend ofSEK 7.50 (7.25) per share.
Summary January-September
- Net sales totalled
SEK 40,829 m (40,062), an increase of 1.9%. -
Store sales for the
Axfood Group totalledSEK 35,398 m (34,915), an increase of 1.4%. -
Operating profit was
SEK 1,965 m (1,944). The operating margin was 4.8% (4.9%). Operating profit excluding items affecting comparability wasSEK 2,036 m (1,944), an increase of 4.8%. The operating margin excluding items affecting comparability was 5.0% (4.9%). -
Net profit for the period was 1,486 m (1,454), and earnings per share before dilution were
SEK 7.36 (7.10).
Significant events after the balance sheet date
- On 1 October Axfood completed the acquisition of the wholesale business
Bergendahl Food AB and of the minority stake of 9.9% of the shares inCity Gross Sverige AB . -
In October Axfood received a payout of
SEK 110 m from Fora/AFA employer-financed insurances based on previous premium payments, which will result in a positive effect on the operating profit in the fourth quarter 2021.
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