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Axfood Sees Sales, Profitability Up, Despite Challenging Operating Conditions

Published on Oct 22 2020 9:29 AM in Retail tagged: Trending Posts / Sweden / Axfood / Willys / Hemkop / Paywall / World News

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.

'Favourable Impact'

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