Brief: Axfood Q1 operating profit beats forecasts

Axfood AB

24/04/2018 06:06

April 24 (Reuters) - Axfood AB  AXFO.ST :
    * GOOD START TO THE YEAR - STRONG GROWTH WITH HIGHER
EARNINGS
    * Q1 CONSOLIDATED NET SALES AMOUNTED TO SEK 11,444 M
(10,639), AN
INCREASE OF 7.6%
    * Q1 OPERATING PROFIT WAS SEK 435 M (397), AN INCREASE OF
9.6%.
OPERATING MARGIN WAS 3.8%
    * REUTERS POLL: Q1 EBIT WAS EXPECTED AT 408 MLN SEK, SALES
AT
11,378 MLN SEK
    * SAYS WITH AN OPERATING MARGIN OF 3.8% WE ARE ON TRACK TO
OUR
LONG-TERM TARGET OF 4%, AND WE CONTINUE TO DELIVER ACCORDING TO
OUR STRATEGIC AGENDA

Source text for Eikon:  ID:nWkr4LKttX 
Further company coverage:  AXFO.ST 

 (Reporting by Stockholm Newsroom)
 ((stockholm.newsroom@thomsonreuters.com; +4687001017;))