Brief: Axfood Q1 Net Profit Rises To SEK 430 Mln

Axfood AB

22/04/2021 06:02

April 22 (Reuters) - Axfood AB  AXFO.ST :
    * SOLID QUARTER WITH IMPROVED PROFITABILITY
    * SOLID QUARTER WITH IMPROVED PROFITABILITY
    * Q1 CONSOLIDATED NET SALES TOTALLED SEK 13,203 M (13,067),
AN
INCREASE OF 1.0%.
    * Q1 OPERATING PROFIT TOTALLED SEK 565 M (544), AN INCREASE
OF
3.9%. OPERATING MARGIN WAS 4.3% (4.2%).
    * Q1 NET PROFIT FOR PERIOD WAS SEK 430 M (402), AND EARNINGS
PER
SHARE BEFORE DILUTION WERE SEK 2.16 (1.93).
    * ANNUAL GENERAL MEETING ON 24 MARCH RESOLVED IN FAVOUR OF A
SHAREHOLDER DIVIDEND OF SEK 7.50 (7.25) PER SHARE
    * DIVIDEND AMOUNT IS BEING DIVIDED INTO TWO PAYMENTS OF SEK
3.75
EACH IN MARCH AND SEPTEMBER, RESPECTIVELY
    * QUARTER WAS CHARACTERIZED BY ONGOING COVID-19 PANDEMIC AND
COMPARES WITH PRIOR YEAR'S HOARDING EFFECTS.
    * OUR ONLINE B2C SALES CONTINUE TO EXPERIENCE SHARP GROWTH
AND
WERE UP A FULL 139% IN QUARTER

Source text for Eikon:  ID:nWkrBCX9V 
Further company coverage:  AXFO.ST 

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