Growth and higher profitability
Axfood reports a strong first quarter with continued high growth and improved profitability. This at the same time that the company is in a tumultuous and exceptional period – a situation in which the food industry has an important and societally essential role in providing the entire country with food and groceries. The novel coronavirus, COVID-19, has had and will continue to have a major impact on society and thus also on the company’s operations.President and CEO Klas Balkow’s comments on the interim report for the first quarter 2020: “The first quarter of this year was a very