Axfood AB Reports Earnings Results for the First Quarter Ended March 31, 2022
April 21, 2022 at 01:00 am EDT
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Axfood AB (publ) reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was SEK 16,593 million compared to SEK 13,203 million a year ago. Net income was SEK 690 million compared to SEK 452 million a year ago. Basic earnings per share from continuing operations was SEK 3.3 compared to SEK 2.16 a year ago. Diluted earnings per share from continuing operations was SEK 3.29 compared to SEK 2.15 a year ago.
Axfood AB is a Sweden-based company engaged in the food retail and wholesale trade in Sweden. The Companyâs retail business is conducted through three wholly owned chains: Willys, specializing in discount food retail; Hemkop, which is engaged in the sales of food retail products, and PrisXtra, which is a grocery chain serving the Stockholm market. The Company owns and operates over 200 retail stores. The Companyâs wholesale business is conducted through Dagab, which supplies Axfood Group and the Vi chain, and Axfood Narlivs, a convenience store wholesaler. Axfood has a portfolio of private labels, including Hemkop, Garant, Garant Ekologiska varor, Aware, Saklart, Func and Fixa. Among others, the Company operates via Middagsfrid AB. The Company's major shareholder is Axel Johnson AB.
AXFOOD AB 
