Investors

Financial position

According to Axfood’s finance policy, the foundation of the Axfood Group’s financial strategy is to create sound financial conditions for the Group’s operations and development.

Axfood has a solid balance sheet, and the business model generates a stable cash flow. During the last five years, the dividend has on average amounted to 90% of profit after tax. Historically, after payment of the dividend, Axfood has built up a net debt receivable during the year. Adoption of IFRS 16 has resulted in an accounting shift from a net receivable to a net debt position.

The Group’s external financing from credit institutions (mainly banks) is conducted by the Parent Company, while subsidiaries finance their operations through the central Group account systems.

 

2019-12-31

2018-12-31

2017-12-31

Equity ratio, %

24.6

37.0

39.0

Net debt-equity ratio, multiple

1.2

-0.2

-0.2

Net debt-equity ratio, excl. IFRS 16, multiple

-0,1

-0,2

-0,2

Cash flow from operating activities per share, SEK

17.0

12.9

12.1

Cash and cash equivalents, SEK m

798

1,571

1,376