Brief: Axfood Q4 Operating Profit Grows To SEK 739 Mln

Axfood AB

03/02/2022 06:09

Feb 3 (Reuters) - Axfood AB  AXFO.ST :
    * A SUCCESSFUL YEAR WITH FAVOURABLE GROWTH AND PROFITABILITY
    * Q4 NET SALES INCREASED 25.1% TO SEK 17,062 M (13,663).
    * Q4 OPERATING PROFIT AMOUNTED TO SEK 739 M (566)
    * BOARD OF DIRECTORS PROPOSES AN INCREASED DIVIDEND OF SEK
7.75
PER SHARE (7.50). DIVIDEND IS SPLIT INTO TWO PAYMENTS, SEK 4.00
PER SHARE IN MARCH 2022 AND SEK 3.75 PER SHARE IN SEPTEMBER
2022.
    * AXFOOD'S INVESTMENTS IN 2022 ARE EXPECTED TO AMOUNT TO
BETWEEN
SEK 2,600 AND 2,700 M, EXCLUDING ACQUISITIONS AND RIGHT-OF-USE
ASSETS
    * DURING 2022, AXFOOD PLANS TO ESTABLISH 8-13 NEW STORES.

Source text for Eikon:  ID:nWkr3k6mNF 
Further company coverage:  AXFO.ST 

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