Brief: Axfood Q4 Oper Profit Up At SEK 566 Mln

Axfood AB

04/02/2021 06:14

Feb 4 (Reuters) - Axfood AB  AXFO.ST :
    * A STRONG FOURTH QUARTER ENDS AN EXCEPTIONAL YEAR
    * Q4 CONSOLIDATED NET SALES SEK 13,633 MILLION VERSUS SEK
13,040
MILLION YEAR AGO
    * Q4 OPERATING PROFIT TOTALLED SEK 566 M (487), AN INCREASE
OF
16.1%
    * BOARD OF DIRECTORS PROPOSES AN INCREASED DIVIDEND OF SEK
7.50
PER SHARE (7.25)
    * CAPITAL EXPENDITURES IN 2021 ARE EXPECTED TO AMOUNT TO SEK
1,800-1,900 M EXCLUDING ACQUISITIONS AND RIGHT-OF-USE ASSETS
    * DURING 2021 AXFOOD PLANS TO ESTABLISH 5-10 NEW STORES.
    * A YEAR IN WHICH AXFOOD CONTINUED TO GROW FASTER THAN
MARKET AND
WITH IMPROVED PROFITABILITY

Source text for Eikon:  ID:nWkr8WDwcx 
Further company coverage:  AXFO.ST 

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