Brief: Axfood Q4 Operating Profit Rises To SEK 425 Mln

Axfood AB

05/02/2019 06:05

Feb 5 (Reuters) - Axfood AB  AXFO.ST :
    * STRONG FOURTH QUARTER SUMS UP A SUCCESSFUL 2018
    * Q4 CONSOLIDATED NET SALES AMOUNTED TO SEK 12,370 M
(11,826), AN
INCREASE OF 4.6%.
    * PROPOSES FY DIVIDEND OF SEK 7.00 PER SHARE
    * Q4  OPERATING PROFIT TOTALLED SEK 425 M (398), AN INCREASE
OF
7.0%.
    * BOARD OF DIRECTORS PROPOSES AN UNCHANGED ORDINARY DIVIDEND
OF
SEK 7.00 PER SHARE (7.00)
    * CAPITAL EXPENDITURES BY AXFOOD ARE EXPECTED TO AMOUNT TO
SEK
1,500-1,600 M EXCLUDING ACQUISITIONS AND LEASE ASSETS
    * "INVESTMENTS WE ARE PURSUING TO DEVELOP OUR BUSINESS GIVE
RISE
TO CAPEX NEED OF APPROXIMATELY SEK 1.5-1.6 BILLION FOR 2019"

Source text for Eikon:  ID:nWkr92JKs2 
Further company coverage:  AXFO.ST 

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