Brief: Axfood Q2 Operating Profit Rises To SEK 789 Mln

Axfood AB

15/07/2022 06:18

July 15 (Reuters) - Axfood AB  AXFO.ST :
    * STRONG GROWTH CHARACTERISED BY ACQUISITION AND HIGH FOOD
PRICE
INFLATION
    * Q2 NET SALES TOTALLED SEK 18,468 M (13,903), AN INCREASE
OF
32.8%, INCLUDING ACQUIRED BERGENDAHLS FOOD
    * Q2 OPERATING PROFIT AMOUNTED TO SEK 789 M (607) AND
INCLUDED
ITEMS AFFECTING COMPARABILITY OF SEK -39 M (-54)
    * Q2 ADJUSTED OPERATING PROFIT AMOUNTED TO SEK 828 M (661),
AN
INCREASE OF 25.3%.
    * Q2 NET PROFIT FOR PERIOD AMOUNTED TO SEK 590 M (455)
    * EXTREMELY RAPID PACE OF PRICE INCREASES FROM OUR SUPPLIERS
HAS
NOT YET BEEN REFLECTED IN CONSUMER PRICES
    * DEMAND FOR CAMPAIGN PRODUCTS HAS ALSO INCREASED, AND
CONTINUED
HIGH COSTS FOR ELECTRICITY AND FUEL HAVE HAD A NEGATIVE IMPACT

Source text for Eikon:  ID:nWkr50KBrG 
Further company coverage:  AXFO.ST 

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