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Retail

Axfood Sees Net Sales Rise 4.2% In Q1 2019

By Dayeeta Das
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Axfood Sees Net Sales Rise 4.2% In Q1 2019

Swedish retailer Axfood reported a 4.2% increase in consolidated net sales to SEK 11,931 million (€1.13 billion) in the first quarter of its financial year.

Operating profit was up 11.6%, amounting to SEK 485 million (€45.79 million) during the quarter.

Net profit for the period was SEK 354 million (€33.42 million), with earnings per share (before dilution) of SEK 1.68 (€0.16).

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