Continued good growth with exceptional profitability
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.