Axfood publishes Annual and Sustainability Report 2020

- In an extraordinary time, Axfood sums up a year in which it both outpaced the market’s growth and achieved higher profitability. Willys continued its exceptional performance, Hemköp built further upon its concept, and Snabbgross demonstrated resilience through quick-footed innovation in a weak restaurant market and took new market shares. E-commerce has skyrocketed, and Axfood grew more than the market in this channel, too. Dagab has done an outstanding job at supporting the chains and laid the foundation for the Group’s profitability improvement. Despite major strains, together we shouldered our societal responsibility to keep stores, warehouses and transports running. Exceptional measures have been taken within our organization to ensure product supply and enable good availability of products for customers throughout Sweden. The health and safety of our employees and customers have been our highest priority, with extensive work to prevent spread of the coronavirus in offices, warehouses and stores. With a high pace in our innovation, development and sustainability work and a long line of new services that were launched during the year, Axfood is well-poised for continued growth, says Klas Balkow, President and CEO, in the CEO’s message.

The printed version of the Annual and Sustainability Report will from mid-March be distributed to shareholders who have requested a copy to be sent to them by post. It will also be available to order from the Group’s website, axfood.com.

For further information, please contact:

 Alexander Bergendorf, Head of Investor Relations, Axfood AB, tel +46 730 49 18 44

This information is such that Axfood is required to disclose in accordance with the Securities Markets Act. This press release was submitted for publication at 11:00 a.m. CET on 26 February 2021.