Axfood Sees Sales, Profitability Up, Despite Challenging Operating Conditions
Swedish retailer Axfood has posted a 5.5% increase in consolidated net sales in its third quarter, along with a 11.3% increase in operating profits, while noting that the COVID-19 pandemic is 'putting demands' on its operations.
The retailer posted sales of SEK 13.4 billion (€1.29 billion) in the period, compared to SEK 12.7 billion (€1.22 billion) in the same period last year, in a quarter which was characterised by significant changes in consumer behaviour, it said.
Try European Supermarket Magazine PREMIUM – 30 Day FREE Trial.
A trial subscription gives unrestricted access to all premium site content, app content, weekly email content and European Supermarket Magazine digital edition for a full 30 days. Try it now!