Today Axfood published its annual and sustainability report for 2019, which is now available on the Company website.
– In summing up 2019 I can proudly say that we have yet another very strong year behind us, with good sales growth and an improved operating profit. We delivered on our long-term financial targets to grow more than the market, and to have a long-term operating margin of at least 4% and an equity ratio of at least 20% at year-end. In a time when preferences are changing at an ever-faster pace, we are holding fast to our mission and purpose to offer good and sustainable food for everyone and take our responsibility across the entire value chain, 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 Company website, axfood.se (http://www.axfood.se).
For further information, contact:
Alexander Bergendorf, Head of Investor Relations, Axfood AB, +46 73 049 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 4:00 pm (CET) on 25 February, 2020.
Axfood aspires 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 Axfood 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 10,000 employees and sales of more than SEK 50 bn. Axfood has been listed on Nasdaq Stockholm since 1997, and the principal owner is Axel Johnson AB. Read more at axfood.se (http://www.axfood.se).
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