Axfood: rises on Q1 beat

Axfood AB

24/04/2018 09:02

** Shares in Swedish food retailer Axfood  AXFO.ST  up 9 pct
on Q1 beat
    ** Co reports Q1 operating profit of SEK 435 mln vs SEK 408
mln in RTRS poll
    ** CEO Klas Balkow says with an operating margin of 3.8 pct
co is on track to long-term target of 4 pct  urn:newsml:reuters.com:*:nASO0003PP
    ** Board decided to exercise authorization to repurchase own
shares  urn:newsml:reuters.com:*:nWkr103mpn
    ** Shares set for best day since Oct 2014

 ((joanna.wodzicka.thomsonreuters.com@reuters.net))