US/UK/Canada

Share

Contacts

  • Axfood
    Solnavägen 4 113 65 Stockholm
    +46-8 553 99 000
    +46-8 29 69 60
    http://www.axfood.se
  • Magnus Törnblom

    Head of Press


    +46 (0)702 89 89 83
    • Pick a time period -
    Tags ( Active)

    Patrick Grabenbauer new Managing Director of City Gross

    Axfood’s acquisition of City Gross was completed on 1 November. In conjunction with the change in ownership, a new board of directors has been appointed in the company, which has appointed Patrick Grabenbauer, previously Head of Marketing at Willys, as the new Managing Director of City Gross.– With Axfood as a new owner, we will now work with City Gross and strengthen its market position. Patrick Grabenbauer has been a key individual behind Willys’ success over a long period of time and has extensive experience from for example brand and concept development, digitalisation and business

    Axfood’s Chairman of the Board to leave at the 2025 AGM

    Axfood’s Chairman of the Board Thomas Ekman has today announced that he will decline re-election at the Annual General Meeting (AGM) on 19 March 2025. He will remain in his role as Chairman until the 2025 AGM.Axfood’s Nominating Committee is tasked with making recommendations with regards to directors and the Chairman of the Board, among other things. The Nominating Committee’s recommendations in full will be announced in conjunction with the notice to the 2025 AGM at the latest. Axel Johnson has today announced that Thomas Ekman will leave his role as President and CEO of Axel Johnson.

    Growth in all segments and strong market positions

    Axfood summarises a third quarter with a continued positive trend in customer traffic, increased volumes and reinforced market positions, despite high comparison figures. Profitability was impacted by additional initiatives to strengthen price positions. The quarter was also characterised by a continued strong focus on investments for the future, and the ramp-up for all stores was finalised at the new logistics centre in Bålsta. In addition, the Swedish Competition Authority recently approved the Group’s City Gross acquisition, an acquisition that will strengthen competition on the market and

    Axfood’s acquisition of City Gross approved by the Swedish Competition Authority

    The Swedish Competition Authority today cleared Axfood’s acquisition of City Gross.The acquisition creates conditions to strengthen City Gross’ competitiveness and for growth in the hypermarket segment, which will challenge the market leaders and increase competition in this segment.– Today’s approval from the Swedish Competition Authority is welcome, entailing that we soon can start the work on developing and strengthening City Gross. This is a compelling deal for both Axfood and City Gross, and it also benefits Sweden’s consumers. With our knowledge and experience, we look forward to

    Invitation to the presentation of Axfood’s third quarter 2024

    Axfood invites investors, analysts and the press to a presentation of the interim report for the third quarter 2024 at 9:30 am CET on 24 October. The report will be published at 7:00 am CET the same day.Axfood’s President and CEO Simone Margulies will present the report together with CFO Anders Lexmon. The presentation will be held in English. Time: Thursday, 24 October at 9:30 am CET To follow the presentation webcast, please use this link . To participate via teleconference, please register via this link 

    Nominating Committee ahead of Axfood’s 2025 Annual General Meeting

    The members of the Nominating Committee ahead of Axfood’s 2025 Annual General Meeting have now been appointed.Axfood's Annual General Meeting (AGM) has resolved that the Nominating Committee be composed of members of whom one is appointed by each of the four largest known shareholders in the Company in terms of votes as per the last business day in August the year before the AGM, of which at least the six largest shareholders shall be asked for a Nominating Committee of at least three members to be appointed. This process has now been completed and the Nominating Committee ahead of the 2025

    Axfood enters into agreement with Linas Matkasse and closes down Middagsfrid

    Due to weak market development for pre-planned subscribed meal kits, Axfood has made the decision to close downs its meal kit company Middagsfrid as of the last day in September, and make use of the value Middagsfrid has created in other ways. In conjunction with closing down the operations, an agreement is entered into with Linas Matkasse around cooperation to continue to offer the customers of Middagsfrid meal kits to their homes.Middagsfrid was established in 2007 and was first to offer home delivery of pre-planned subscribed meal kits. Axfood acquired Middagsfrid in 2017 to further

    Simone Margulies today assumes the role as President and CEO of Axfood

    Simone Margulies today assumes the role as President and CEO of Axfood. She succeeds Klas Balkow, who previously has announced his decision to conclude his executive career.Most recently, Simone Margulies was Managing Director of Hemköpskedjan AB, and prior to that she had the role as Deputy CEO of Axfood’s purchasing and logistics company Dagab. In total, Simone has more than 18 years of experience in food retail. – I am both honoured and very happy that the Board of Directors has given me their confidence, and with much enthusiasm I am ready to get going. There is so much capacity in

    Strengthened market positions but weak quarter in Dagab

    Axfood is summarising a quarter with growth higher than the market once again, despite exceptionally high comparison figures. Market positions were thereby strengthened even further, with a continued positive trend in customer traffic and increased volumes. Earnings were negatively impacted by a weaker sales development in Dagab, as well as costs associated with operational disruptions and the restructuring of logistics during the period. In the quarter, an agreement was signed to acquire City Gross, which gives Axfood growth opportunities in the hypermarket segment and improves competition

    Invitation to the presentation of Axfood’s second quarter 2024

    Axfood invites investors, analysts and the press to a presentation of the interim report for the second quarter 2024 at 9:30 am CET on 12 July. The report will be published at 7:00 am CET the same day.Axfood’s President and CEO Klas Balkow will present the report together with CFO Anders Lexmon. The presentation will be held in English. Time: Friday, 12 July at 9:30 am CET To follow the presentation webcast, please use this link . To participate via teleconference, please register via this link 

    Axfood acquires City Gross

    Axfood acquires the store chain City Gross, in which Axfood already possess joint control through its minority shareholding. The acquisition creates conditions to strengthen City Gross’ competitiveness and for growth in the hypermarket segment, which will challenge the market leaders and increase competition in this segment. The consideration amounts to SEK 2 billion.Axfood AB (“Axfood”) has reached an agreement with Bergendahl Food Holding (“Bergendahls”) to acquire shares corresponding to 90.1 percent of City Gross Sverige AB (“City Gross”), which entails that Axfood increases its

    Dagab’s convenience trade volumes to be concentrated to Örebro

    To optimise logistics operations, a decision has been made that the logistics centre in Bålsta primarily will handle volumes for the food retail sector. This decision entails that going forward, volumes to external customers in the convenience trade will be concentrated to Dagab’s existing warehouse in Örebro.In recent years, Axfood has developed an even more sustainable, efficient and competitive product supply by establishing a nationwide logistics platform of the highest standard. This work was initiated in 2019 with the construction of a new highly automated logistics centre in Bålsta

    Shoan Etemadi appointed new Managing Director of Hemköpskedjan

    Hemköpskedjan’s current Deputy Managing Director and Head of Sales, Shoan Etemadi, has been recruited to the role as Managing Director of Hemköpskedjan, and will as of 15 August 2024 succeed Simone Margulies in conjunction with her assuming the role as President and CEO of Axfood.From 15 August, Shoan Etemadi will succeed Simone Margulies as Managing Director of Hemköpskedjan AB. He will also become a member of the Executive Committee of Axfood AB. Currently, Shoan is Deputy Managing Director of Hemköpskedjan, in which Hemköp and Tempo is included, and also Head of Sales since three years.

    Continued high inflow of customers and solid earnings

    Axfood summarises a quarter characterised by a continued positive trend in customer traffic, volume growth and strengthened market positions. Despite very high comparison figures, growth was once again higher than the market’s, leading to a solid earnings performance. Additional steps were also taken as part of the Group’s investments to strengthen its competitiveness over time.President and CEO Klas Balkow’s comments on the interim report for the first quarter 2024: “Given that we were facing uniquely high comparison figures, the beginning of the year was strong, with 6.9% growth in

    Simone Margulies appointed new President and CEO of Axfood

    The Board of Directors of Axfood has today appointed Simone Margulies, currently Managing Director of Hemköpskedjan AB, as President and CEO of Axfood as of 15 August 2024.Simone Margulies will from 15 August 2024 succeed Klas Balkow as President and CEO of Axfood. Simone has been working in different roles within the Axfood Group during eight years and has been a member of Axfood’s Executive Committee for four years. Currently, she is Managing Director of Hemköpskedjan AB, which consists of Hemköp and Tempo, and prior to that her role was Deputy CEO of Axfood’s purchasing and logistics

    Invitation to the presentation of Axfood’s first quarter 2024

    Axfood invites investors, analysts and the press to a presentation of the interim report for the first quarter 2024 at 9:30 am CET on 25 April. The report will be published at 7:00 am CET the same day.Axfood’s President and CEO Klas Balkow will present the report together with CFO Anders Lexmon. The presentation will be held in English. Time: Thursday, 25 April at 9:30 am CET To follow the presentation webcast, please use this link . To participate via teleconference, please register via this link 

    Resolutions at Axfood’s 2024 Annual General Meeting

    The Annual General Meeting (AGM) re-elected all proposed directors and elected Thomas Ekman as the new Chairman. The AGM also decided to pay a dividend of SEK 8.50 per share and to introduce an additional long-term incentive programme.The AGM of Axfood Aktiebolag (publ) was held on 20 March 2024. Adoption of the income statement and balance sheet and of the consolidated income statement and consolidated balance sheetThe AGM voted in favour of adopting the income statement and balance sheet for the Parent Company and the Group for the 2023 financial year. Discharge from liability

    Axfood’s Board of Directors withdraws proposal on an amendment to the Articles of Association

    The Board of Directors of Axfood has decided to withdraw a proposal ahead of the Annual General Meeting on 20 March regarding an amendment to the Articles of Association that would allow the Board to decide on a digital general meeting.On 13 February, the notice to Axfood's Annual General Meeting, to be held on 20 March 2024 in Stockholm, was published. In the notice, the Board of Directors proposed an amendment to § 9 of the Articles of Association that would allow the Board to decide that a general meeting should be held digitally.The Board's intention with the proposal was not that

    Axfood publishes Annual and Sustainability Report 2023

    Axfood’s Annual and Sustainability Report 2023 has been published and is now available on the Group’s website.– In changing times, another successful year for Axfood is summarised with high growth, increased market share and major strides towards increased competitiveness through investments in digitalisation, automation and the customer offering. Our business model remains strong despite significant changes in market dynamics and it is clear that more people have come to appreciate our concepts and offerings. This provides us with excellent conditions for continued long-term, profitable

    Notice of Axfood’s 2024 Annual General Meeting

    Welcome to the Annual General Meeting (AGM) of Axfood AB (publ), corporate registration number 556542-0824, to be held on Wednesday, 20 March 2024 at 5:00 p.m. at Münchenbryggeriet, Torkel Knutssonsgatan 2 in Stockholm, Sweden. Registration for the AGM will open at 4:00 p.m. The Board of Directors has decided that shareholders may also exercise their voting rights at the AGM by postal voting, as stipulated in Axfood’s Articles of Association.Registration and notification Shareholders who wish to participate in the proceedings of the AGM must: · be registered as shareholders in the

    Klas Balkow will leave his role as President and CEO of Axfood

    Klas Balkow decides to conclude his executive career, and together with Axfood’s Board of Directors it has today been agreed that he will leave the role as President and CEO of Axfood by year-end 2024 at the latest. He will then be available for Axfood as a strategic advisor. The Board will now initiate the recruitment process of a new President and CEO.– On behalf of the Board and myself, I want to thank Klas for his tremendous work for Axfood. The development that Klas has created together with his team is truly remarkable. With a clear focus on growth and renewal, and a high pace of

    Continued market share gains in an exceptional time

    Axfood is reporting a fourth quarter with continued inflow of customers and high levels of growth, and a full year during which the Group grew twice as much as the market and strengthened its position in all market segments. A high tempo is maintained in investments for the future which will begin to generate positive effects in 2024, not least in logistics.President and CEO Klas Balkow’s comments on the year-end report for 2023: “Axfood ended the year with retail sales up nearly 9% compared with 6% for the market, despite significantly higher comparison figures. With the growth in the

    Axfood gearing up and phasing out fossil fuels over two-year period

    Following the lowering of Sweden’s emission reduction obligation at the end of last year, CO\2\ emissions from transports are increasing significantly. As such, Axfood has decided to accelerate the pace of its phase-out of fossil fuels. Over a two-year period, the company’s own and procured transports between warehouses and stores will transition to using renewable fuel or electricity – five years ahead of plan. The initiative will result in the prevention of emissions corresponding to 37,000 tonnes of CO2e per year*.“Environmental policies are currently complicating the sustainable

    There are no items matching the current filter
    There are no more items matching the current filter
    Back to top

    Subscribe

    Media

    Rss