Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Sweden
  4. Nasdaq Stockholm
  5. Axfood AB (publ)
  6. News
  7. Summary
    AXFO   SE0006993770

AXFOOD AB (PUBL)

(AXFO)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Axfood : building Sweden's largest solar park

10/21/2021 | 12:56am EST

Axfood is continuing to focus on renewable energy. In partnership with Alight, Sweden's largest solar park is now being built. When the facility is put into operation in 2023, it will cover approximately 15 percent of Axfood's electricity consumption.

"With Sweden's largest solar park, we are taking the next major step in our focus on renewable energy. In addition to making our own operations more green, we are also helping to significantly boost the supply of solar energy in the country," says Klas Balkow, Axfood's President and CEO.

The solar park will include about 60,000 solar panels. The total installed capacity will correspond to approximately 40 MW and cover about 15 percent of Axfood's annual electricity consumption. This corresponds to the average annual electricity consumption of just over 8,000 single-family houses. The facility is scheduled to be completed in early 2023.

Axfood and the supplier Alight are partnering through a power purchase agreement (PPA) under which Alight will own, construct, install and manage the operation of the facility, while Axfood undertakes to purchase all electricity produced for a minimum of ten years. The permit process for the park is ongoing and a decision is expected before year-end.

The solar park is part of an initiative by the group companies of Axel Johnson, and with three larger facilities Sweden's capacity from solar parks is being doubled.

Long-term work with fossil-free energy

Axfood has worked on the issue of solar power for many years and its first solar power facility was built at Dagab's warehouse in Backa, Gothenburg back in 2013. Axfood's goal is for solar panels to be installed on at least 25 percent of suitable roof surfaces at Axfood's warehouses and stores with the approval of the property owners.

Reducing the fossil emissions from its own operations has been a priority for Axfood for many years. Up until last year, the company's climate emissions had been reduced by 76 percent compared with the base year of 2009. This result is attributable to renewable electricity from solar, wind and hydro power, a higher share of fossil-free goods transportation, fewer non-environmentally friendly refrigerators and freezers, and less business travel by air. The goal is to achieve net zero emissions from the company's own operations by 2030.

 

For further information, please contact:
Magnus Törnblom, Director Press Relations, +46 70-266 27 12, magnus.tornblom@axfood.se

Axfood aspires to be the leader in good and sustainable food. Our family of companies includes the store chains Willys and Hemköp as well as Tempo and Handlar'n. B2B sales are handled through Snabbgross, and our support company Dagab is responsible for the Group's product development, purchasing and logistics. The Axfood family also includes Mat.se, Middagsfrid and Urban Deli as well as the partly owned companies Apohem, Eurocash and City Gross. Together the Group has more than 12,000 employees and sales of more than SEK 54 bn. Axfood has been listed on Nasdaq Stockholm since 1997, and the principal owner is Axel Johnson AB. Read more at www.axfood.com.

https://news.cision.com/axfood/r/axfood-building-sweden-s-largest-solar-park,c3437127

https://mb.cision.com/Main/1306/3437127/1483862.pdf

https://news.cision.com/axfood/i/solceller-2-klas-balkow---foto-gustav-kaiser,c2970397

(c) 2021 Cision. All rights reserved., source Press Releases - English

All news about AXFOOD AB (PUBL)
01/21AXFOOD : General Counsel Sandra Brånstad appointed to Executive Committee
PU
01/21Axfood's General Counsel Sandra Brånstad appointed to Executive Committee
AQ
01/21Axfood AB Appoints Sandra Brånstad as Executive Committee, Effective from February 1, 2..
CI
01/20AXFOOD : Invitation to the presentation of Axfood's year-end report 2021
PU
01/20Invitation to the presentation of Axfood's year-end report 2021
AQ
2021AXFOOD CAPITAL MARKETS DAY 2021 : Raised profitability target: Willys' e-commerce to break..
AQ
2021Mathem to merge with Axfood's Mat.se and enter into long-term supply agreement with Dag..
AQ
2021Axfood becomes new partner in Mathem as Mat.se and Mathem merge
AQ
2021MATHEM I SVERIGE AB ENTERED INTO AN : AXFO) for SEK 688 million.
CI
2021The Nominating Committee's recommendations for changes in the Board of Directors of Axf..
AQ
More news
Financials
Sales 2021 57 305 M 6 198 M 6 198 M
Net income 2021 2 032 M 220 M 220 M
Net Debt 2021 5 784 M 626 M 626 M
P/E ratio 2021 24,6x
Yield 2021 3,22%
Capitalization 49 537 M 5 345 M 5 358 M
EV / Sales 2021 0,97x
EV / Sales 2022 0,83x
Nbr of Employees 12 128
Free-Float 48,2%
Chart AXFOOD AB (PUBL)
Duration : Period :
Axfood AB (publ) Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends AXFOOD AB (PUBL)
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 4
Last Close Price 238,20 SEK
Average target price 219,00 SEK
Spread / Average Target -8,06%
EPS Revisions
Managers and Directors
Klas Balkow President & Chief Executive Officer
Anders Lexmon Chief Financial Officer
Maria Christina Brunell Livfors Chairman
Karin Hedlund Head-Information Technology
Caroline Beatrice P. M÷rner Berg Independent Director
Sector and Competitors
1st jan.Capi. (M$)
AXFOOD AB (PUBL)-8.53%5 363
SEVEN & I HOLDINGS CO LTD4.49%40 954
AVENUE SUPERMARTS LIMITED-12.33%35 487
SM INVESTMENTS CORPORATION0.74%22 338
COLES GROUP LIMITED-9.48%15 487
CARREFOUR8.54%15 113