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    AXFO   SE0006993770

AXFOOD AB (PUBL)

(AXFO)
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Axfood : publishes Annual and Sustainability Report 2020

02/26/2021 | 05:01am EDT

Axfood's Annual and Sustainability Report 2020 has been published and is now available on the Group's website.

- In an extraordinary time, Axfood sums up a year in which it both outpaced the market's growth and achieved higher profitability. Willys continued its exceptional performance, Hemköp built further upon its concept, and Snabbgross demonstrated resilience through quick-footed innovation in a weak restaurant market and took new market shares. E-commerce has skyrocketed, and Axfood grew more than the market in this channel, too. Dagab has done an outstanding job at supporting the chains and laid the foundation for the Group's profitability improvement. Despite major strains, together we shouldered our societal responsibility to keep stores, warehouses and transports running. Exceptional measures have been taken within our organization to ensure product supply and enable good availability of products for customers throughout Sweden. The health and safety of our employees and customers have been our highest priority, with extensive work to prevent spread of the coronavirus in offices, warehouses and stores. With a high pace in our innovation, development and sustainability work and a long line of new services that were launched during the year, Axfood is well-poised for continued growth, says Klas Balkow, President and CEO, in the CEO's message.

The printed version of the Annual and Sustainability Report will from mid-March be distributed to shareholders who have requested a copy to be sent to them by post. It will also be available to order from the Group's website, axfood.com.

 

For further information, please contact:

 Alexander Bergendorf, Head of Investor Relations, Axfood AB, tel +46 730 49 18 44

 

This information is such that Axfood is required to disclose in accordance with the Securities Markets Act. This press release was submitted for publication at 11:00 a.m. CET on 26 February 2021.

 

Axfoodaspires to be the leader in good and sustainable food. Our family of companies includes the store chains Willys and Hemköp as well as Tempo and Handlar'n. B2B sales are handled through Snabbgross, and our support company Dagab is responsible for the Group's product development, purchasing and logistics. The Axfood family also includes Mat.se, Middagsfrid and Urban Deli as well as the partly owned companies Apohem and Eurocash. Together the Group has more than 11,000 employees and sales of more than SEK 53 bn. Axfood has been listed on Nasdaq Stockholm since 1997, and the principal owner is Axel Johnson AB. Read more at www.axfood.com.

https://news.cision.com/axfood/r/axfood-publishes-annual-and-sustainability-report-2020,c3296697

https://mb.cision.com/Main/1306/3296697/1379665.pdf

https://mb.cision.com/Public/1306/3296697/9b7c5bafc9f875b8.pdf

https://news.cision.com/axfood/i/axfood-annual-and-sustainability-report-2020-photo-per-bjorklund,c2882354

(c) 2021 Cision. All rights reserved., source Press Releases - English

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Financials
Sales 2021 55 972 M 6 496 M 6 496 M
Net income 2021 1 990 M 231 M 231 M
Net Debt 2021 5 167 M 600 M 600 M
P/E ratio 2021 24,8x
Yield 2021 3,26%
Capitalization 49 202 M 5 714 M 5 710 M
EV / Sales 2021 0,97x
EV / Sales 2022 0,92x
Nbr of Employees 11 544
Free-Float 48,8%
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Number of Analysts 4
Last Close Price 235,30 SEK
Average target price 218,00 SEK
Spread / Average Target -7,35%
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Managers and Directors
Klas Balkow President & Chief Executive Officer
Anders Lexmon Chief Financial Officer
Maria Christina Brunell Livfors Chairman
Jan Lindmark Head-Information Technology
Lars G÷ran Olofsson Vice Chairman
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