Axfood AB Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 01, 2024 at 01:00 am EST
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Axfood AB (publ) reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was SEK 20,769 million compared to SEK 19,740 million a year ago. Net income was SEK 522 million compared to SEK 350 million a year ago. Basic earnings per share from continuing operations was SEK 2.42 compared to SEK 1.62 a year ago. Diluted earnings per share from continuing operations was SEK 2.41 compared to SEK 1.61 a year ago.
For the full year, sales was SEK 81,111 million compared to SEK 73,474 million a year ago. Net income was SEK 2,357 million compared to SEK 2,360 million a year ago. Basic earnings per share from continuing operations was SEK 10.92 compared to SEK 11.04 a year ago. Diluted earnings per share from continuing operations was SEK 10.87 compared to SEK 10.99 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 
