Annuncio • Jun 22
Axfood AB Announces Appointment of Susanna Wadegård as Head of Sustainability, Effective October 1, 2026 Axfood AB announced that Susanna Wadegård had been appointed as Head of Sustainability and would lead the Group’s continued work on sustainable development. Susanna Wadegård would assume the role as Head of Sustainability at Axfood on October 1, 2026, succeeding Åsa Domeij, who was leaving after 18 years in the role to pursue other commitments outside the Group. Susanna Wadegård most recently served as Head of Quality and Sustainability at Dagab, Axfood’s purchasing and logistics company, and had worked within the Group for nearly 20 years. Susanna Wadegård was currently Head of Dagab’s Quality and Sustainability Department with responsibility for sustainability and quality assurance across the entire production chain, which covered everything from food safety and sensory analysis to animal welfare and human rights. She had previously held several roles in quality assurance and held a degree in Agricultural Science with a focus on food science from the Swedish University of Agricultural Sciences. Annuncio • Jun 05
Axfood AB Announces Management Changes, Effective September 4, 2026 Axfood AB had recruited Lisa Wigert as Head of Strategy and Business Development and she would be part of the Executive Committee. Lisa Wigert would assume the role as Head of Strategy and Business Development at Axfood on September 4, 2026 and would be part of the Executive Committee. Lisa joined Axfood from ICA, where she had held various roles in business development and strategy. Lisa currently held a management role in business development at ICA Gruppen, with responsibility for business development across the group companies. Prior to this, she had extensive experience in retail and food retail from her nearly 13 years in various roles at ICA Gruppen, ICA Sweden and Apotek Hjärtat, as well as from her time as an advisor Associate Principal at McKinsey & Company. Lisa Wigert succeeded Carl Stenbeck, who left Axfood to pursue other commitments outside the Group. Board Change • May 20
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 independent directors. 8 non-independent directors. Independent Director Sara Ohrvall was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Annuncio • Apr 23
Axfood AB (publ) to Report Fiscal Year 2026 Results on Jan 28, 2027 Axfood AB (publ) announced that they will report fiscal year 2026 results at 7:00 AM, Central European Standard Time on Jan 28, 2027 Annuncio • Jan 29
Axfood AB (Publ) Proposes an Increased Dividend , Payable in March 2026 and September 2026 Axfood AB (publ) Board of Directors proposed an increased dividend of SEK 9.00 per share (8.75) to be split into two payments, SEK 4.50 per share in March 2026 and SEK 4.50 per share in September 2026. Annuncio • Apr 24
Axfood AB (publ) to Report Fiscal Year 2025 Results on Jan 29, 2026 Axfood AB (publ) announced that they will report fiscal year 2025 results at 7:00 AM, Central European Standard Time on Jan 29, 2026 Annuncio • Nov 04
Axfood AB (publ), Annual General Meeting, Mar 19, 2025 Axfood AB (publ), Annual General Meeting, Mar 19, 2025. Reported Earnings • Oct 24
Third quarter 2024 earnings released: EPS: kr3.26 (vs kr3.38 in 3Q 2023) Third quarter 2024 results: EPS: kr3.26 (down from kr3.38 in 3Q 2023). Revenue: kr20.9b (up 3.0% from 3Q 2023). Net income: kr704.0m (down 3.4% from 3Q 2023). Profit margin: 3.4% (down from 3.6% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 2% per year. Annuncio • Oct 18
The Swedish Competition Authority Approves Axfood's Acquisition of City Gross The Swedish Competition Authority 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. Completion of the transaction was subject to approval by the Swedish Competition Authority, which announced that the acquisition is left without any further actions, which means that the deal has been approved. Completion of the deal was also subject to review by the European Commission in accordance with the Foreign Subsidies Regulation, which was completed with an approval on 10 September. The transaction will be completed on 1 November this year after which Axfood becomes owner of City Gross. Upcoming Dividend • Sep 12
Upcoming dividend of kr4.25 per share Eligible shareholders must have bought the stock before 19 September 2024. Payment date: 25 September 2024. Payout ratio is on the higher end at 77%, however this is supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (3.9%). Reported Earnings • Jul 14
Second quarter 2024 earnings released: EPS: kr2.68 (vs kr2.93 in 2Q 2023) Second quarter 2024 results: EPS: kr2.68 (down from kr2.93 in 2Q 2023). Revenue: kr21.0b (up 1.2% from 2Q 2023). Net income: kr578.0m (down 8.5% from 2Q 2023). Profit margin: 2.7% (down from 3.0% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 1% per year. Annuncio • Jun 13
Axfood AB (publ) (OM:AXFO) reached an agreement to acquire remaining 90.1% stake in City Gross Sverige AB from Bergendahl Food Holding Ab for SEK 2 billion. Axfood AB (publ) (OM:AXFO) reached an agreement to acquire remaining 90.1% stake in City Gross Sverige AB from Bergendahl Food Holding Ab for SEK 2 billion on June 11, 2024. The consideration amounts to SEK 2 billion on a cash and debt free basis, and the acquisition will be financed through a combination of existing cash and credit facilities. Axfood estimates transaction costs to amount to approximately SEK 25 million. Upon completion, Axfood AB (publ) will own 100% stake in City Gross Sverige AB. For the period ending April 30, 2024, City Gross Sverige AB reported net sales of SEK 9.1 billion and operating loss of approximately SEK 130 million.The transaction is subject to approval by the Swedish Competition Authority and the European Commission. The expected completion of the transaction is September 1, 2024. Annuncio • May 23
Axfood AB (Publ) Announces President Changes Axfood AB (publ) announced that 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. In turn, the current Managing Director of Hemköpskedjan, Simone Margulies, assumes the role of President and CEO of Axfood as of 15 August 2024. The recruitment process for the successor of Shoan Etemadi in the role as Head of Sales of Hemköpskedjan AB is initiated immediately. Annuncio • Apr 26
Axfood AB (publ) to Report Fiscal Year 2024 Results on Jan 30, 2025 Axfood AB (publ) announced that they will report fiscal year 2024 results at 7:00 AM, Central European Standard Time on Jan 30, 2025 Reported Earnings • Apr 25
First quarter 2024 earnings released: EPS: kr2.60 (vs kr2.20 in 1Q 2023) First quarter 2024 results: EPS: kr2.60 (up from kr2.20 in 1Q 2023). Revenue: kr20.3b (up 5.2% from 1Q 2023). Net income: kr561.0m (up 18% from 1Q 2023). Profit margin: 2.8% (up from 2.5% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 5% per year. Annuncio • Apr 20
Axfood AB (Publ) Appoints Simone Margulies as CEO, Effective 15 August 2024 The Board of Directors of Axfood AB (publ) has appointed Simone Margulies, currently Managing Director of Hemköpskedjan AB, as CEO of Axfood as of 15 August 2024. Simone Margulies will from 15 August 2024 succeed Klas Balkow as 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, and prior to that her role was Deputy CEO of Dagab. In total, Simone has more than 18 years of experience in food retail. To facilitate the best possible handover, Axfood's current CEO Klas Balkow will be available until year-end 2024. Annuncio • Apr 17
Axfood AB (publ) Announces President Changes, Effective 15 August 2024 The Board of Directors of Axfood AB (publ) has 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 company Dagab. In total, Simone has more than 18 years of experience in food retail. To facilitate the best possible handover, Axfood's current President and CEO Klas Balkow will be available until year-end 2024. Declared Dividend • Mar 22
Dividend of kr4.25 announced Shareholders will receive a dividend of kr4.25. Ex-date: 19th September 2024 Payment date: 25th September 2024 Dividend yield will be 18%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by both earnings (78% earnings payout ratio) and cash flows (48% cash payout ratio). The dividend has increased by an average of 8.5% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 27% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Upcoming Dividend • Mar 14
Upcoming dividend of kr4.25 per share Eligible shareholders must have bought the stock before 21 March 2024. Payment date: 27 March 2024. Payout ratio is on the higher end at 78%, however this is supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (4.1%). Declared Dividend • Feb 19
Final dividend of kr4.25 announced Shareholders will receive a dividend of kr4.25. Ex-date: 21st March 2024 Payment date: 27th March 2024 Dividend yield will be 19%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by both earnings (78% earnings payout ratio) and cash flows (48% cash payout ratio). The dividend has increased by an average of 8.5% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 27% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annuncio • Feb 13
Axfood AB (Publ) Proposes Dividend, Payable on 27 March and 25 September 2024 Axfood AB (publ) announced that at its AGM to be held on 20 March 2024, the board of directors proposes that the 2024 AGM resolves in favour of payment of a dividend of SEK 8.50 per share. The amount will be divided into two equal payments of SEK 4.25 each. The record dates proposed for the payments are 22 March 2024 and 20 September 2024. With the specified record dates, dividends are expected to be paid on 27 March and 25 September 2024. The last dates for trading in the company's shares including the right to a dividend are 20 March and 18 September 2024. Annuncio • Feb 07
Klas Balkow to Leave His Role as CEO of Axfood Klas Balkow decides to conclude his executive career, and together with Axfood's Board of Directors it has been agreed that he will leave the role as 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. Annuncio • Feb 06
Klas Balkow to Leave His Role as President of Axfood Klas Balkow decides to conclude his executive career, and together with Axfood's Board of Directors it has been agreed that he will leave the role as President 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. Reported Earnings • Feb 02
Full year 2023 earnings released: EPS: kr10.92 (vs kr11.07 in FY 2022) Full year 2023 results: EPS: kr10.92 (down from kr11.07 in FY 2022). Revenue: kr81.1b (up 10% from FY 2022). Net income: kr2.36b (flat on FY 2022). Profit margin: 2.9% (down from 3.2% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has increased by 5% per year and the company’s share price has also increased by 5% per year. Annuncio • Jan 15
Axfood AB (publ) Announces Nominating Committee Ahead of the Annual General Meeting on 20 March 2024, the Nominating Committee of Axfood proposes the re-election of directors Mia Brunell Livfors, Thomas Ekman, Fabian Bengtsson, Caroline Berg, Christian Luiga, Peter Ruzicka and Sara Öhrvall. As previously announced, Thomas Ekman is proposed for election as Chairman of the Board. The Nominating Committee proposes re-election of the audit company Deloitte AB as auditor for the period until the end of the Annual General Meeting 2026. Provided that re-election takes place, Deloitte has announced that the authorised auditor Didrik Roos will continue as principal. The proposal is in accordance with the Audit Committee's recommendation. Axfood's Nominating Committee ahead of the 2024 Annual General Meeting consists of Marie Ehrling (committee chair, Axel Johnson AB), Caroline Sjösten (Swedbank Robur Fonder), Sussi Kvart (Handelsbanken Fonder) and Hjalmar Ek (Lannebo Fonder). Mia Brunell Livfors, Chairman of the Board of Axfood, is a co-opted member of the Nominating Committee. Reported Earnings • Oct 26
Third quarter 2023 earnings released: EPS: kr3.38 (vs kr3.40 in 3Q 2022) Third quarter 2023 results: EPS: kr3.38 (down from kr3.40 in 3Q 2022). Revenue: kr20.3b (up 8.7% from 3Q 2022). Net income: kr729.0m (flat on 3Q 2022). Profit margin: 3.6% (down from 3.9% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Annuncio • Oct 24
Axfood AB (publ) Announces Executive Changes The Nominating Committee of Axfood has decided at the Annual General Meeting on 20 March 2024. Mia Brunell Livfors has announced that she is not available for re-election as Chairman of the Board, but as member of the board. The complete proposal from the Nominating Committee will be announced at the latest in the convening notice to the Annual General Meeting 2024. The Nominating Committee consists of Marie Ehrling (Axel Johnson AB), Caroline Sjösten (Swedbank Robur Funds), Sussi Kvart (Handelsbanken Funds) and Hjalmar Ek (Lannebo Funds). Axfood's Chairman, Mia Brunell Livfors, is a co-opted member of the Nominating Committee. Annuncio • Sep 23
Axfood AB (publ), Annual General Meeting, Mar 20, 2024 Axfood AB (publ), Annual General Meeting, Mar 20, 2024. Upcoming Dividend • Sep 14
Upcoming dividend of kr4.00 per share at 3.1% yield Eligible shareholders must have bought the stock before 21 September 2023. Payment date: 27 September 2023. Payout ratio is on the higher end at 80%, however this is supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (4.3%). Reported Earnings • Jul 14
Second quarter 2023 earnings released: EPS: kr2.93 (vs kr2.75 in 2Q 2022) Second quarter 2023 results: EPS: kr2.93 (up from kr2.75 in 2Q 2022). Revenue: kr20.8b (up 13% from 2Q 2022). Net income: kr632.0m (up 7.8% from 2Q 2022). Profit margin: 3.0% (down from 3.2% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • May 14
Managing Director of Willys recently sold €226k worth of stock On the 8th of May, Thomas Evertsson sold around 10k shares on-market at roughly €22.61 per share. This transaction amounted to 37% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €281k. Insiders have been net sellers, collectively disposing of €496k more than they bought in the last 12 months. Recent Insider Transactions • May 04
President & CEO recently sold €281k worth of stock On the 28th of April, Klas Balkow sold around 12k shares on-market at roughly €22.70 per share. This transaction amounted to 20% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Klas' only on-market trade for the last 12 months. Reported Earnings • Apr 27
First quarter 2023 earnings released: EPS: kr2.20 (vs kr3.30 in 1Q 2022) First quarter 2023 results: EPS: kr2.20 (down from kr3.30 in 1Q 2022). Revenue: kr19.3b (up 16% from 1Q 2022). Net income: kr475.0m (down 31% from 1Q 2022). Profit margin: 2.5% (down from 4.2% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 7% per year. Board Change • Mar 26
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Peter Ruzicka was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Mar 16
Upcoming dividend of kr4.15 per share at 3.3% yield Eligible shareholders must have bought the stock before 23 March 2023. Payment date: 29 March 2023. Payout ratio is a comfortable 74% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (4.9%). Annuncio • Feb 15
Axfood AB (Publ) Declares Dividend into Two Payments, Payable on 29 March and 27 September 2023 Respectively Axfood AB (publ) at its annual general meeting to be held on 22 March 2023 proposed payment of a dividend of SEK 8.15 per share. The dividend amount will be divided into two payments, one of SEK 4.15 and one of SEK 4.00.The record dates proposed for the payments are 24 March 2023 and 22 September 2023. With the specified record dates, dividends are expected to be paid out on 29 March and 27 September 2023. The last dates for trading in the Company's shares including the right to a dividend are 22 March and 20 September 2023. Reported Earnings • Feb 02
Full year 2022 earnings released: EPS: kr11.04 (vs kr10.28 in FY 2021) Full year 2022 results: EPS: kr11.04 (up from kr10.28 in FY 2021). Revenue: kr73.5b (up 27% from FY 2021). Net income: kr2.36b (up 9.8% from FY 2021). Profit margin: 3.2% (down from 3.7% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Reported Earnings • Oct 21
Third quarter 2022 earnings released: EPS: kr3.40 (vs kr2.93 in 3Q 2021) Third quarter 2022 results: EPS: kr3.40 (up from kr2.93 in 3Q 2021). Revenue: kr18.7b (up 36% from 3Q 2021). Net income: kr735.0m (up 20% from 3Q 2021). Profit margin: 3.9% (down from 4.5% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Sep 24
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €25.09, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 11x in the Consumer Retailing industry in Europe. Total returns to shareholders of 43% over the past three years. Upcoming Dividend • Sep 15
Upcoming dividend of kr3.75 per share Eligible shareholders must have bought the stock before 22 September 2022. Payment date: 28 September 2022. Payout ratio is a comfortable 65% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (4.6%). Annuncio • Sep 13
Axfood AB (publ), Annual General Meeting, Mar 22, 2023 Axfood AB (publ), Annual General Meeting, Mar 22, 2023. Agenda: To submit proposals to the Nominating Committee. Annuncio • Sep 09
Axfood AB (publ) to Report First Half, 2023 Results on Jul 14, 2023 Axfood AB (publ) announced that they will report first half, 2023 results on Jul 14, 2023 Reported Earnings • Jul 16
Second quarter 2022 earnings released: EPS: kr2.75 (vs kr2.27 in 2Q 2021) Second quarter 2022 results: EPS: kr2.75 (up from kr2.27 in 2Q 2021). Revenue: kr18.5b (up 33% from 2Q 2021). Net income: kr586.0m (up 23% from 2Q 2021). Profit margin: 3.2% (down from 3.4% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 10%, compared to a 7.7% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 13% per year. Recent Insider Transactions • Apr 30
President & CEO recently sold €246k worth of stock On the 26th of April, Klas Balkow sold around 9k shares on-market at roughly €27.58 per share. This was the largest sale by an insider in the last 3 months. This was Klas' only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • Mar 17
Investor sentiment improved over the past week After last week's 17% share price gain to €26.55, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 15x in the Consumer Retailing industry in Europe. Total returns to shareholders of 79% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €51.35 per share. Reported Earnings • Feb 04
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: kr10.28 (up from kr9.12 in FY 2020). Revenue: kr57.9b (up 7.8% from FY 2020). Net income: kr2.15b (up 13% from FY 2020). Profit margin: 3.7% (up from 3.6% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 17%, compared to a 7.7% growth forecast for the retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 16% per year. Reported Earnings • Oct 22
Third quarter 2021 earnings released: EPS kr2.93 (vs kr2.95 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: kr13.7b (up 2.2% from 3Q 2020). Net income: kr612.0m (down 1.0% from 3Q 2020). Profit margin: 4.5% (down from 4.6% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 12% per year. Upcoming Dividend • Sep 16
Upcoming dividend of kr3.75 per share Eligible shareholders must have bought the stock before 23 September 2021. Payment date: 29 September 2021. Trailing yield: 3.4%. Within top quartile of German dividend payers (3.2%). Lower than average of industry peers (3.8%). Reported Earnings • Jul 18
Second quarter 2021 earnings released: EPS kr2.27 (vs kr2.22 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: kr13.9b (up 2.5% from 2Q 2020). Net income: kr476.0m (up 2.4% from 2Q 2020). Profit margin: 3.4% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has increased by 10% per year and the company’s share price has also increased by 10% per year. Recent Insider Transactions • Jun 04
Head of Human Resources recently bought €28k worth of stock On the 1st of June, Monica Langbo bought around 1k shares on-market at roughly €22.78 per share. In the last 3 months, there was an even bigger purchase from another insider worth €98k. Insiders have collectively bought €154k more in shares than they have sold in the last 12 months. Recent Insider Transactions • Apr 30
Insider recently bought €98k worth of stock On the 23rd of April, Carl Stenbeck bought around 5k shares on-market at roughly €20.88 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €120k more in shares than they have sold in the last 12 months. Reported Earnings • Apr 24
First quarter 2021 earnings released: EPS kr2.16 (vs kr1.93 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: kr13.2b (up 1.0% from 1Q 2020). Net income: kr452.0m (up 12% from 1Q 2020). Profit margin: 3.4% (up from 3.1% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 11% per year. Executive Departure • Mar 27
Independent Director has left the company On the 24th of March, Jesper Lien's tenure as Independent Director ended after 3.0 years in the role. We don't have any record of a personal shareholding under Jesper's name. A total of 2 executives have left over the last 12 months. Executive Departure • Mar 27
Vice Chairman Lars Olofsson has left the company On the 24th of March, Lars Olofsson's tenure in the role of Vice Chairman ended. As of December 2020, Lars personally held 8.00k shares (€152k worth at the time). A total of 2 executives have left over the last 12 months. Upcoming Dividend • Mar 18
Upcoming Dividend of kr3.75 Per Share Will be paid on the 31st of March to those who are registered shareholders by the 25th of March. The trailing yield of 3.6% is in the top quartile of German dividend payers (3.3%), but it is lower than industry peers (4.1%). Reported Earnings • Mar 01
Full year 2020 earnings released: EPS kr9.12 (vs kr7.87 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: kr53.7b (up 5.8% from FY 2019). Net income: kr1.91b (up 16% from FY 2019). Profit margin: 3.6% (up from 3.2% in FY 2019). The increase in margin was driven by higher revenue. Like-for-like sales growth: 6.9% vs FY 2019 Analyst Estimate Surprise Post Earnings • Mar 01
Revenue misses expectations Revenue missed analyst estimates by 0.06%. Over the next year, revenue is forecast to grow 3.0%, compared to a 1.6% growth forecast for the Consumer Retailing industry in Germany. Is New 90 Day High Low • Feb 10
New 90-day high: €19.97 The company is up 1.0% from its price of €19.70 on 11 November 2020. The German market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Retailing industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €29.35 per share. Analyst Estimate Surprise Post Earnings • Feb 08
Revenue misses expectations Revenue missed analyst estimates by 0.06%. Over the next year, revenue is forecast to grow 3.0%, compared to a 1.6% growth forecast for the Consumer Retailing industry in Germany. Reported Earnings • Feb 06
Full year 2020 earnings released: EPS kr9.12 (vs kr7.87 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: kr53.7b (up 5.8% from FY 2019). Net income: kr1.91b (up 16% from FY 2019). Profit margin: 3.6% (up from 3.2% in FY 2019). The increase in margin was driven by higher revenue. Is New 90 Day High Low • Dec 05
New 90-day low: €18.13 The company is down 1.0% from its price of €18.31 on 04 September 2020. The German market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Retailing industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €10.25 per share. Annuncio • Nov 12
Axfood Announces Changes in the Nominating Committee In accordance with the Instructions for the Nominating Committee, the composition of the Nominang Committee ahead of Axfoods’s 2021 Annual General Meeting has changed due to changes in the ownership of the company. Changes in the shareholdings in Axfood have taken place during October 2020, which has led to Swedbank Robur Funds representative, Joachim Spetz, having relinquished his place and SEB Funds and Handelsbanken Funds each having appointed a representative. After the changes, the Nominating Committee ahead of the 2021 Annual General Meeting has the following composition: Caroline Berg, Axel Johnson AB, committee chair; Martin Gärtner, SEB Funds; Jan Särlvik, Nordea Funds; Sussi Kvart, Handelsbanken Funds. Axfoods Chairman, Mia Brunell Livfors, is a co-opted member of the Nominating Committee. Reported Earnings • Oct 22
Third quarter earnings released Over the last 12 months the company has reported total profits of kr1.84b, up 14% from the prior year. Total revenue was kr53.1b over the last 12 months, up 6.0% from the prior year. Analyst Estimate Surprise Post Earnings • Oct 22
Third-quarter earnings released: Revenue beats expectations Third-quarter revenue exceeded analyst estimates by 0.6% at kr13.4b. Revenue is forecast to grow 3.1% over the next year, compared to a 1.4% growth forecast for the Consumer Retailing industry in Germany. Is New 90 Day High Low • Oct 13
New 90-day high: €20.30 The company is up 7.0% from its price of €18.93 on 15 July 2020. The German market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Retailing industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €14.56 per share. Is New 90 Day High Low • Sep 23
New 90-day high: €20.06 The company is up 4.0% from its price of €19.33 on 25 June 2020. The German market is also up 4.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Consumer Retailing industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €14.17 per share. Annuncio • Sep 19
Axfood AB to Report Q4, 2006 Results on Feb 02, 2007 Axfood AB announced that they will report Q4, 2006 results at 7:30 AM, Central European Standard Time on Feb 02, 2007 
