President and CEO
"
Willys has a unique concept on the market and continues to attract customers with the ambition to offer
Hemköp continued to strengthen its position in the traditional food segment and once again succeeded in outperforming market growth. For several years, Hemköp has worked to consolidate its position, with a high rate of store modernisation, investments in price value and important progress in the area of sustainability. This has created the right conditions and is now helping to further boost Hemköp's impressive performance.
The market in which Snabbgross operates has shown a gradual deterioration during the year, and many cafés and restaurants are facing challenges. Snabbgross has however delivered a stable performance thanks to its flexibility and ability to adapt its offering.
Thanks to a large influx of new customers and robust growth,
We have made major investments in recent years in order to improve our competitiveness in the market. The implementation and ramp-up of our new, highly automated logistics centre in Bålsta outside
In sustainability, we have maintained a high level of ambition. In particular, we are continuing to offer our customers a sustainable and healthy assortment of products in our stores and to guide them towards sustainable and healthy choices. We have also started the two-year process of converting to renewable fuels for our transports from warehouse to stores, both internal and external.
At an exceptional time of historically high inflation and changing consumer behaviour, we are closing the books on a successful year in which we strengthened our market positions and took major steps to improve our competitiveness in the long term."
Fourth quarter summary
- Net sales totalled
SEK 20,769 m (19,740), an increase of 5.2%. -
Retail sales totalled
SEK 16,507 m (15,180), an increase of 8.7%. -
Operating profit amounted to
SEK 744 m (502) including items affecting comparability ofSEK -71 m (-232). The operating margin was 3.6% (2.5). -
Adjusted operating profit amounted to
SEK 815 m (734), an increase of 11.0%. The adjusted operating margin was 3.9% (3.7). -
Net profit for the period was
SEK 533 m (353) and earnings per share before dilution amounted toSEK 2.42 (1.62).
Summary January - December
- Net sales totalled
SEK 81,111 m (73,474), an increase of 10.4%. -
Retail sales totalled
SEK 63,703 m (55,721), an increase of 14.3%. -
Operating profit amounted to
SEK 3,353 m (3,101) including items affecting comparability totallingSEK -249 m (-129). The operating margin was 4.1% (4.2). -
Adjusted operating profit amounted to
SEK 3,602 m (3,229), an increase of 11.5%. The adjusted operating margin was 4.4% (4.4). -
Net profit for the period was
SEK 2,373 m (2,370) and earnings per share before dilution amounted toSEK 10.92 (11.04).
Significant events after the balance sheet date
- The Board of Directors proposes an increased dividend of
SEK 8.50 per share (8.15) to be split into two payments,SEK 4.25 per share inMarch 2024 andSEK 4.25 per share inSeptember 2024 .
Investments and store establishments in 2024
- Investments in 2024 are expected to amount to between
SEK 1,600 andSEK 1,700 m, excluding acquisitions and right-of-use assets. -
During 2024,
Axfood plans to establish 10-15 new stores.
For further information, please contact:
The information herein is such that
This document is an English translation of the Swedish original. In the event of any discrepancies, the Swedish version shall govern.
https://news.cision.com/axfood/r/continued-market-share-gains-in-an-exceptional-time,c3920487
https://mb.cision.com/Main/1306/3920487/2576372.pdf
https://mb.cision.com/Public/1306/3920487/82ee5d482b65a736.pdf
https://news.cision.com/axfood/i/axfood-year-end-report-2023,c3263104
https://news.cision.com/axfood/i/klas-balkow-foto-fond-och-fond,c3263105
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