Summary of second quarter 2016
- Consolidated net sales amounted to SEK 10,991 m (10,478), an increase of 4.9%.
- Retail sales for Group-owned stores increased by 3.1%.
- Like-for-like sales for Group-owned stores increased by 0.9%. - Operating profit for the period was SEK 494 m (431), corresponding to an operating margin of 4.5% (4.1%).
- Profit after financial items was SEK 493 m (429) for the period.
- Net profit for the period was SEK 384 m (334), and earnings per share were SEK 1.83 (1.59).
- Axfood expects operating profit for 2016 to exceed profit for 2015.
Summary of interim period January-June 2016
- Consolidated net sales amounted to SEK 21,386 m (20,044), an increase of 6.7%.
- Retail sales for Group-owned stores increased by 5.4%.
- Like-for-like sales for Group-owned stores increased by 3.0%. - Operating profit for the period was SEK 902 m (760), corresponding to an operating margin of 4.2% (3.8%).
- Profit after financial items was SEK 898 m for the period (757).
- Net profit for the period was SEK 700 m (590), and earnings per share were SEK 3.34 (2.81).
Welcome to the audio cast on Friday July 15, at 2:00 pm CET, when Anders Strålman and Karin Hygrell-Jonsson present the second quarter 2016. The audio cast can also be listened to at axfood.se/en.
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Axfood aspires to be the leader in affordable, good and sustainable food. Our family of companies includes the store chains Willys, Hemköp and City Gross as well as Tempo, Handlar’n and Matöppet. B2B sales are handled through Snabbgross, and our support company Dagab is responsible for the Group's product development, purchasing and logistics. The Axfood family also includes Urban Deli as well as the partly owned companies Apohem and Eurocash. Together the Group has more than 15,000 employees and sales of more than SEK 80 billion. Axfood has been listed on Nasdaq Stockholm since 1997, and the principal owner is Axel Johnson AB. Read more at www.axfood.com.