Axfood AB Year-End Report 2000

• Consolidated sales totaled SEK 30,230 m (29,077) an increase of 4 percent.
• Income after financial items amounted to SEK 0 m (261). Adjusted for items affecting comparability, income after financial items totaled SEK 162 m (337).
• Operating income amounted to SEK 112 m (344). Income adjusted for items affecting comparability totaled SEK 274 m (420).
• Fourth-quarter results were hurt by higher costs in connection with the conversion and refining of the store structure, and a weakening trend for Hemköp and Spar Finland.
• New business strategy devised and established during the year.
• Work is under way pertaining to a number of critical success factors, such as brand refinement, coordinated purchasing, store conversions, and development of private label products.
• New organizational structure implemented and new corporate management appointed at Hemköp and Spar Finland.
• The board proposes no dividend be payed for the 2000 fiscal year (SEK 2.60)

About Us

Axfood AB conducts retail trade through the wholly owned store chains Hemköp, Willys and Willys hemma and wholesale trade through Dagab and Axfood Närlivs. In addition, Axfood collaborates with a number of proprietor-run stores that are tied to Axfood through agreements.

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