Catalysts Most Immediate Catalyst (1–2 Years): Private Label Growth – Axfood is expanding its own-brand products, which offer higher margins and differentiate it from competitors. E-commerce Expansion – Increased focus on online grocery sales and home delivery to capture shifting consumer habits.Read more

SEK 280.41

8.4% undervalued

Unike's

Fair Value

Revenue

5% p.a.

Profit Margin

Future PE

18x

Price in 2029

SEK 358.3

Axfood

Automation And Environmental Focus Will Drive Efficiency With New Logistics Centre

Axfood is betting that heavy investment in automation and new logistics capacity will make getting groceries to shoppers cheaper and smoother, even as competition heats up. The big question is whether its push into larger-format stores and greener operations strengthens customer loyalty fast enough to cover the costs and execution risks.Read more

SEK 295.83

13.2% undervalued

AnalystConsensusTarget's

Fair Value

Revenue

3.84% p.a.

Profit Margin

3.16%

Future PE

23.57x

Price in 2029

SEK 346.16

Trending Discussion

Snowflake Analysis

Outstanding track record established dividend payer.

1 Risk

4 Rewards

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Axfood AB (publ) Key Details

Last Reported Earnings

Mar 31, 2026

Next Reporting Earnings

Jul 15, 2026

: 11.17
: 14.77%
: 2.69%
: 47.5%

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About AXFO

Founded: 1997
Employees: 15000
CEO: Simone Margulies
WebsiteView website: www.axfood.com

Axfood AB (publ) engages in the food retail and wholesale businesses primarily in Sweden. The company operates through five segments: Willys, Hemköp, City Gross, Snabbgross, and Dagab. The company sells groceries through Willys, HANDLAR’N, Hemköp, and Eurocash, City Gross, and Tempo store chains. It is also involved in the e-commerce business; and provision of private label products. In addition, it operates Urban Deli, a combination of restaurant, store, and market hall; Apohem, an online retail pharmacy; Matöppet, a personal grocery store and the retailer-owned mini-mart; Snabbgross, a restaurant; and Tempo, a mini-mart format of retailer-owned stores. The company serves restaurants, fast food operators, and cafés; and retailer-owned stores, mini-marts, and other convenience retailers. Axfood AB (publ) was incorporated in 1997 and is headquartered in Stockholm, Sweden. Axfood AB (publ) operates as a subsidiary of Axretail AB.