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Axfood Chief Hails 'Truly Good Start To The Year', With Sales Up 7.6%

Published on Apr 24 2018 9:29 AM in Retail tagged: Featured Post / Sweden / Axfood / Klas Balkow / Paywall

Axfood Chief Hails 'Truly Good Start To The Year', With Sales Up 7.6%

The chief executive of Swedish retailer Axfood, Klas Balkow, has praised the retailer's "truly good start to the year", as the retailer posted a 7.6% increase in consolidated net sales to SEK 11.4 billion, up from SEK 10.7 billion a year earlier.

The group's performance was driven by store sales growth of 9.7%, and what Axfood described as 'vibrant growth' in e-commerce sales.

“Axfood’s first quarter in 2018 shows a truly good start to the year, with strong growth and higher earnings," said Balkow.

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