In H1 Axfood showed an operating profit above the long term target of at least 4%.
Axfood is digitalizing for the future – digital receipts, e-commerce and investment in online pharmacy.
Strong earnings in all segments
Axfood delivered yet another strong quarter with good growth and profitability. Despite high comparison figures and the negative calendar effect from Easter, it was positive to note that all segments showed favourable performance. The warm summer weather resulted in a changed sales mix, which benefited our margins. We summed up a record profit for a second quarter in which both Willys and Hemköp strongly improved their earnings. The strong growth in online continued, and with growing volumes comes a lower burden on earnings.
Klas Balkow, President and CEO
VISION AND STRATEGY
Leader in good and sustainable food
We have refined our vision, mission and business concept to chart the course for the Group’s way forward. Axfood is made up of successful and distinctive food concepts. Close collaboration makes the companies stronger and more efficient. To fulfil our vision of being the leader at good and sustainable food, Axfood focuses on six strategic areas.
Ordinary dividend per share
Total return last 5 years
Diversity creates business benefit
Axfood aspires to reflect the communities that we are a part of. This should be noticeable in the product offering, but also among our employees. Diversity creates business benefit and makes us even better at meeting our customers’ varying preferences and needs.
Today the share of managers with an international background is to 13%
Axfood reflects Swedish society today
of Axfood’s employees have an international background
Personal development within Axfood is important; every
minutes an e-learning course is started, 24 hours a day
On track to climate neutrality
Axfood aspire to be a positive force for change in society. By taking a stance, inspiring and daring, we are driving ourselves and the industry towards greater sustainability. We have an ambitious overall environmental target – Axfood will be climate-neutral by 2020. From 2009 through 2017 Axfood reduced its carbon footprint by 84%. During 2017 the largest reduction in our environmental footprint has been achieved in our refrigeration and freezer systems.
Axfood's climat footprint
Sweden’s cheapest bag of groceries – with good food for everyone
Willys is Sweden’s leading discount grocery chain, offering a wide assortment at 208 stores, of which 8 are part of the newly acquired cross-border shopping chain Eurocash. Willys will continue to develop the discount segment by offering Sweden’s cheapest bag of groceries – both in stores and online.
Passion for food and inspiration
Hemk p offers an attractively priced and wide assortment, with a rich offering of fresh products. Through its 69 Group-owned stores and 117 retailer-owned stores, Hemköp aims to inspire passion for food and make it easy for customers to find good meal solutions. Starting in 2018, Hemköp includes the Tempo brand, with 160 franchise stores.
The restaurant wholesaler with Sweden’s largest store network
Axfood Snabbgross is the Group’s restaurant wholesaler with a customer base comprising restaurants, fast food vendors, cafés and other business customers. Through 24 Group-owned stores Axfood Snabbgross offers personal service, good accessibility and quality.
Efficient and innovative business
Dagab is the support company for the Group’s purchasing and logistics operations. Dagab is responsible for an efficient flow of products and logistics. Warehousing is conducted through seven distribution centres. Dagab also includes newly acquired mat.se, Middagsfrid and Apohem.