Axfood reports better than expected sales and operating profit
Owing to stronger than expected sales and operating profit, Axfood is reporting selected preliminary figures for the third quarter. During the third quarter of 2015 Axfood’s sales totalled SEK 10,412 m (9,756), an increaseof 6.7% compared with the third quarter of 2014. Operating profit for the same period wasSEK 552 m (453), an increase of 21.9% compared with the third quarter of 2014, corresponding to an operating margin of 5.3% (4.6%). The profitability improvement is mainly attributable to strong sales during the quarter. “We have had a fantastic quarter, with strong sales