Year-End Report Axfood AB - 1 Jan.-31 Dec. 2011
- Axfood's consolidated sales for the period October–December totalled SEK ,914 m (8,885), an increase of 0.3%.
- Retail sales for Group-owned stores decreased by 0.8% during the period. Like-for-like sales decreased by 2.7%.
- Operating profit for the period was SEK 322 m (321).
- Profit after financial items was SEK 312 m (310) for the period.
- Profit after tax for the period was SEK 226 m (227), and earnings per share were SEK 4.32 (4.32).
- The Board of Directors proposes a dividend of SEK 12 per share (12).
- Hans Holmstedt appointed as new Purchasing Director of Axfood.
- Axfood Närlivs signed an agreement to acquire 50% of Hall Miba AB.
- Most Vi stores converted to Hemköp franchises.
- Axfood's goal for 2012 is to achieve an operating profit at the same level as in 2011.
For further information, please contact:
Anders Strålman, President and CEO, 46-70-293 16 93
Karin Hygrell-Jonsson, CFO Axfood AB, 46 70-662 69 70
Anne Rhenman-Eklund, Head of Corporate Communications Axfood AB, 46 70-280 64 59
Axfood AB conducts food retail and wholesale business in Sweden. Retail business is conducted through the wholly owned store chains Willys, Hemköp and PrisXtra, comprising 237 stores in all. In addition, Axfood collaborates with a number of proprietor-run stores that are tied to Axfood through agreements. These include stores within the Hemköp and Willys chains as well as stores run under the Handlar’n and Tempo profiles. In all, Axfood collaborates with approximately 840 proprietor-run stores. Wholesaling is conducted through Dagab and Axfood Närlivs. Axfood is listed on Nasdaq OMX Stockholm AB's Large Cap list. Axel Johnson AB is the principal owner, with 50.1% of the shares.