First quarter summary 2016
- Consolidated sales amounted to SEK 10,395 m (9,566), an increase of 8.7%.
− Retail sales for Group-owned stores increased by 7.9%.
− Like-for-like sales increased by 5.2%. - Operating profit for the period was SEK 408 m (329), corresponding to an operating margin of 3.9% (3.4%).
- Profit after financial items for the period was SEK 405 m (328).
- Net profit for the period was SEK 316 m (256), and earnings per share were SEK 1.51 (1.22).
- Axfood expects operating profit for 2016 to exceed the outcome for 2015.
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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, Handlar’n and Direkten. B2B sales are handled through Axfood 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 and Eurocash. Together the Group has more than 10,000 employees and sales of nearly SEK 50 bn. Axfood has been listed on Nasdaq Stockholm since 1997, and the principal owner is Axel Johnson AB. Read more at www.axfood.se