Brief: Axfood Q3 Operating Profit Up At SEK 796 Mln

Axfood AB

22/10/2020 06:12

Oct 22 (Reuters) - Axfood AB  AXFO.ST :
    * INCREASED MARKET SHARES AND STRONG EARNINGS
    * Q3 CONSOLIDATED NET SALES TOTALLED SEK 13,426 M (12,731),
AN
INCREASE OF 5.5%
    * INCREASE IN CONSUMPTION OF FOOD AT HOME HAD A FAVOURABLE
IMPACT
ON SALES.
    * Q3 OPERATING PROFIT TOTALLED SEK 796 M (715), AN INCREASE
OF
11.3%. OPERATING MARGIN WAS 5.9% (5.6%)
    * Q3 NET PROFIT FOR PERIOD TOTALLED SEK 605 M (536)
    * CERTAIN BUSINESSES WITH EXPOSURE TO CAFÉS AND RESTAURANTS
AND 
CROSS-BORDER SHOPPING AND IN LOCATIONS WHERE CUSTOMER TRAFFIC
HAS DECREASED
    * QUARTER WAS CHARACTERIZED BY CHANGED SHOPPING BEHAVIOUR
AMONG
CONSUMERS DUE TO CORONAVIRUS/COVID-19.

Source text for Eikon:  ID:nWkr4DRKTJ 
Further company coverage:  AXFO.ST 

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