Continued better growth than the market

Summary of third quarter 2016

• Consolidated net sales amounted to SEK 10,853 m (10,412), an increase of 4.2%.
  − Retail sales for Group-owned stores increased by 2.8%.
  − Like-for-like sales for Group-owned stores increased by 0.7%.
• Operating profit for the period was SEK 599 m (552), corresponding to an operating margin of 5.5% (5.3%).
• Profit after financial items was SEK 597 m for the period (551).
• Net profit for the period was SEK 466 m (430), and earnings per share were SEK 2.22 (2.05).
• Klas Balkow will succeed Anders Strålman as President and CEO on 16 March 2017.
• Axfood is replacing its previous forecast of “operating profit for 2016 expected to exceed profit for 2015” with a new forecast of an operating profit for 2016 of around SEK 1,900 m.

Summary of interim period January-September 2016

• Consolidated net sales amounted to SEK 32,239 m (30,456), an increase of 5.9%.
  − Retail sales for Group-owned stores increased by 4.5%.
  − Like-for-like sales for Group-owned stores increased by 2.2%.
• Operating profit for the period was SEK 1,501 m (1,312), corresponding to an operating margin of 4.7% (4.3%).
• Profit after financial items was SEK 1,495 m for the period (1,308).
• Net profit for the period was SEK 1,166 m (1,020), and earnings per share were SEK 5.55 (4.86).

Welcome to a webcast conference call on Thursday October 20, at 10:00 pm CET, when Anders Strålman and Karin Hygrell-Jonsson present the third quarter 2016. The webcast can also be viewed at axfood.se/en.

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