Analysts and estimates
Estimates are provided by Infront and are based on projections from analysts who cover Axfood. Please note that any opinions, estimates or forecasts regarding Axfood performance made by analysts are theirs alone and not those of Axfood or its management.
Axfood does not by providing or distributing this material imply its endorsement of or concurrence with such information, conclusions or recommendations.
Analysts
| Company | Name | Telephone no |
| ABG Sundal Collier | Fredrik Ivarsson | +46 8 566 286 95 |
| Carnegie | Niklas Ekman | +46 8 588 686 92 |
| Danske Bank | Daniel Schmidt | +46 8 568 806 39 |
| DNB | Ebba Björklid | +44 7794 817986 |
| Handelsbanken | Nicklas Skogman | +46 8 701 31 28 |
| Kepler Chevreux | Magnus Råman | +46 8 723 51 74 |
| Nordea | Daniel Ovin | +46 10 156 56 85 |
| SEB | Gustav Hagéus | +46 8 522 297 45 |
Estimates
| Axfood Group, SEK m | 2020Q4A | 2021Q4E | FY2020A | FY2021E | FY2022E |
| Net sales | 13,633 | 16,542 | 53,696 | 57,371 | 66,714 |
| Growth (%) | 4.5 | 21.3 | 5.8 | 6.8 | 16.3 |
| Adjusted operating profit | 566 | 628 | 2,510 | 2,665 | 2,801 |
| Margin (%) | 4.2 | 3.8 | 4.7 | 4.6 | 4.2 |
| Non-recurring items | 0 | 89 | 0 | 17 | -96 |
| Operating profit | 566 | 717 | 2,510 | 2,682 | 2,705 |
| Margin (%) | 4.2 | 4.3 | 4.7 | 4.7 | 4.1 |
| Profit after financial items | 535 | 685 | 2,394 | 2,562 | 2,576 |
| Profit for the period | 423 | 539 | 1,908 | 2,079 | 2,012 |
| EPS, SEK | 2.02 | 2.58 | 9.12 | 9.94 | 9.62 |
| DPS, SEK | - | - | 7.50 | 7.66 | 7.78 |
| Net sales by segment, SEK m | 2020Q4A | 2021Q4E | FY2020A | FY2021E | FY2022E |
| Willys | 8,123 | 8,276 | 31,793 | 32,275 | 33,532 |
| Hemköp | 1,656 | 1,647 | 6,354 | 6,214 | 6,343 |
| Snabbgross | 791 | 923 | 3,417 | 3,762 | 3,953 |
| Dagab | 12,310 | 15,206 | 48,091 | 51,785 | 61,225 |
| Joint-Group | 250 | 258 | 991 | 1,053 | 1,087 |
| Internal | -9,496 | -9,768 | -36,951 | -37,718 | -39,426 |
| Totalt | 13,633 | 16,542 | 53,696 | 57,371 | 66,714 |
| Operating profit by segment, SEK m | 2020Q4A | 2021Q4E | FY2020A | FY2021E | FY2022E |
| Willys | 339 | 357 | 1,551 | 1,526 | 1,601 |
| Hemköp | 53 | 59 | 229 | 256 | 264 |
| Snabbgross | 28 | 37 | 150 | 185 | 199 |
| Dagab | 230 | 259 | 829 | 940 | 999 |
| Joint-Group | -85 | 7 | -250 | -224 | -355 |
| Total | 566 | 717 | 2,510 | 2,682 | 2,705 |
| Operating margin by segment, % | 2020Q4A | 2021Q4E | FY2020A | FY2021E | FY2022E |
| Willys | 4.2 | 4.3 | 4.9 | 4.7 | 4.8 |
| Hemköp | 3.2 | 3.6 | 3.6 | 4.1 | 4.2 |
| Snabbgross | 3.5 | 4.0 | 4.4 | 4.9 | 5.0 |
| Dagab | 1.9 | 1.7 | 1.7 | 1.8 | 1.6 |
| Joint-Group | -34.0 | 2.7 | -25.2 | -21.2 | -32.6 |
| Total | 4.2 | 4.3 | 4.7 | 4.7 | 4.1 |
Number of contributors: 8
Last updated estimate: 2021-10-27
Oldest updated estimate: 2021-10-21
Comment
Estimates are provided by Infront.
Explanations
A - Actual (reported)
E - Estimate (average of forecasts)
FY - full year
EPS - Earnings per share before dilution
DPS - Dividend per share
