Axfood AB Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 25, 2023 at 01:00 am EDT
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Axfood AB (publ) reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was SEK 20,293 million compared to SEK 18,674 million a year ago. Net income was SEK 729 million compared to SEK 735 million a year ago. Basic earnings per share from continuing operations was SEK 3.38 compared to SEK 3.4 a year ago. Diluted earnings per share from continuing operations was SEK 3.36 compared to SEK 3.39 a year ago.
For the nine months, sales was SEK 60,342 million compared to SEK 53,735 million a year ago. Net income was SEK 1,835 million compared to SEK 2,011 million a year ago. Basic earnings per share from continuing operations was SEK 8.5 compared to SEK 9.43 a year ago. Diluted earnings per share from continuing operations was SEK 8.46 compared to SEK 9.39 a year ago.
Axfood AB is a Sweden-based company engaged in the food retail and wholesale trade in Sweden. The Companyâs retail business is conducted through three wholly owned chains: Willys, specializing in discount food retail; Hemkop, which is engaged in the sales of food retail products, and PrisXtra, which is a grocery chain serving the Stockholm market. The Company owns and operates over 200 retail stores. The Companyâs wholesale business is conducted through Dagab, which supplies Axfood Group and the Vi chain, and Axfood Narlivs, a convenience store wholesaler. Axfood has a portfolio of private labels, including Hemkop, Garant, Garant Ekologiska varor, Aware, Saklart, Func and Fixa. Among others, the Company operates via Middagsfrid AB. The Company's major shareholder is Axel Johnson AB.
AXFOOD AB 
