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Outlook 2022

Outlook 2022

For the full year 2022, Axfood has provided an outlook for investments, new store establishments and structural costs that affect comparability.

Axfood’s capital expenditures in 2022 are expected to amount to between SEK 2,600 and 2,700 m excluding acquisitions and right-of-use assets, of which SEK 1,300 m pertains to the logistics centre in Bålsta outside Stockholm (the majority of which concerns partial payment for an automation solution), SEK 100 m pertains to the nationwide warehouse for fruits and vegetables in Landskrona (the majority of which concerns partial payment for an automation solution), and SEK 110 m pertains to IT related to the acquisition of Bergendahls Food.

During 2022, Axfood plans to establish 8–13 new stores.

In 2022, Axfood’s operating profit is expected to be charged with structural costs totalling approximately SEK 340 m, of which SEK 220 m is connected to the new logistics centre in Bålsta outside Stockholm and SEK 120 m to integration costs for Bergendahls Food. The majority of the structural costs are expected to be incurred in the second half of the year.