Brief: Axfood Q3 Oper Profit Rises To SEK 975 Mln

Axfood AB

20/10/2022 06:07

Oct 20 (Reuters) - Axfood AB  AXFO.ST :
    * SUBSTANTIAL GROWTH AND INCREASED MARKET SHARE
    * Q3 NET SALES SEK 18,674 MILLION VERSUS SEK 13,723 MILLION
YEAR
AGO
    * Q3 OPERATING PROFIT SEK 975 MILLION VERSUS SEK 793 MILLION
YEAR
AGO
    * RAPID PACE OF PRICE INCREASES FROM SUPPLIERS HAS NOT YET
BEEN
FULLY REFLECTED IN CONSUMER PRICES
    * WE ARE ALSO NOTING A HIGHER SHARE OF CAMPAIGN PRODUCTS,
AND
SIGNIFICANT SUPPLY CHAIN DISRUPTIONS HAS LED TO INCREASED COSTS
AND CAUSED OUR DELIVERY RELIABILITY TO REMAIN RELATIVELY LOW
    * WE REPORTED SUBSTANTIAL SALES GROWTH IN Q3, CLEARLY
STRENGTHENING OUR POSITION AND GAINING MARKET SHARE, WHICH LED
TO A POSITIVE EARNINGS DEVELOPMENT CALCULATED IN SEK
    * GROWTH WAS PARTICULARLY STRONG FOR WILLYS

Source text for Eikon:  ID:nWkr4Zl57d 
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