Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Sweden
  4. Nasdaq Stockholm
  5. Axfood AB (publ)
  6. News
  7. Summary
    AXFO   SE0006993770

AXFOOD AB (PUBL)

(AXFO)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Axfood AB (OM:AXFO) agreed to acquire 9.9% stake in City Gross Sverige Ab for SEK 0.3 billion.

05/31/2021 EDT

Axfood AB (publ) (OM:AXFO) agreed to acquire 9.9% stake in City Gross Sverige Ab for SEK 0.3 billion on May 31, 2021. The acquisition will be financed through a combination of existing cash and credit facilities. Axfood AB unutilized credit facility with Swedbank and SEB will be used to finance the acquisition. In a related transaction, Dagab Inköp & Logistik AB reached an agreement to acquire Bergendahl Food AB from Bergendahl & Son AB for SEK 1.5 billion on May 31, 2021. All above amounts are on a cash and debt free basis. Furthermore, Axfood has entered into a call option agreement to acquire additional shares, up to a total shareholding of 30% in City Gross, gradually during a five-year period. For the last twelve months ending March 2021, net sales for City Gross amounted to approximately SEK 9,800 million and adjusted operating profit to approximately SEK 170 million. Excluding integration and transaction costs, the acquisition is expected to be accretive to Axfood’s earnings per share from 2022. Hampus Appelgren of Skandinaviska Enskilda Banken AB (publ) (OM:SEB A) and PriceWaterhouseCoopers Corporate Finance LLC acted as a financial advisors while KANTER Advokatbyrå KB and Kastell Advokatbyra AB acted as a legal advisors to Axfood AB (OM : AXFO), parent of Dagab Inköp & Logistik AB. As of September 16, 2021, the transacting has been approved by The Swedish Competition Authority.


ę S&P Capital IQ 2021
All news about AXFOOD AB (PUBL)
09/23AXFOOD AB (PUBL) : Ex-dividend day for final dividend
FA
09/17AXFOOD : Swedish Competition Watchdog OKs Axfood's Bergendahl, City Gross Deals
MT
09/16AXFOOD : acquisition of Bergendahls Food and partnership with City Gross approved by the S..
PU
09/16AXFOOD : acquisition of Bergendahls Food and partnership with City Gross approved by the S..
AQ
09/16AXFOOD : Nominating Committee ahead of Axfood's 2022 Annual General Meeting
PU
09/16AXFOOD : Nominating Committee ahead of Axfood's 2022 Annual General Meeting
AQ
09/16Axfood AB Announces Members of the Nominating Committee
CI
08/19VEG OF LUND : plant-based drink DUG soon in Sweden's Willys, Hemköp and Tempo stores
AQ
08/19Veg of Lund AB Signs an Agreement Food Retail Group Axfood to offer Veg of Lund's plant..
CI
07/15AXFOOD : To Invest $77 Million In Logistics Automation Push
MT
More news
Financials
Sales 2021 56 185 M 6 497 M 6 497 M
Net income 2021 1 968 M 228 M 228 M
Net Debt 2021 5 709 M 660 M 660 M
P/E ratio 2021 22,7x
Yield 2021 3,62%
Capitalization 44 184 M 5 100 M 5 109 M
EV / Sales 2021 0,89x
EV / Sales 2022 0,82x
Nbr of Employees 11 544
Free-Float 48,8%
Chart AXFOOD AB (PUBL)
Duration : Period :
Axfood AB (publ) Technical Analysis Chart | AXFO | SE0006993770 | MarketScreener
Technical analysis trends AXFOOD AB (PUBL)
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 3
Last Close Price 211,30 SEK
Average target price 216,67 SEK
Spread / Average Target 2,54%
EPS Revisions
Managers and Directors
Klas Balkow President & Chief Executive Officer
Anders Lexmon Chief Financial Officer
Maria Christina Brunell Livfors Chairman
Karin Hedlund Head-Information Technology
Caroline Beatrice P. M÷rner Berg Independent Director
Sector and Competitors
1st jan.Capi. (M$)
AXFOOD AB (PUBL)10.17%5 100
SEVEN & I HOLDINGS CO., LTD.42.14%41 483
ALIMENTATION COUCHE-TARD INC.13.19%41 471
AVENUE SUPERMARTS LIMITED60.02%38 811
SM INVESTMENTS CORPORATION-8.01%22 848
COLES GROUP LIMITED-5.95%16 492