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Swedish Retailer Axfood Reports 'Strong' First Quarter

Published on Apr 23 2020 7:39 AM in Retail tagged: Trending Posts / Sweden / Axfood / First Quarter Results / Paywall / World News

Swedish Retailer Axfood Reports 'Strong' First Quarter

Swedish retailer Axfood has reported ‘high growth and improved profitability’ in the first quarter of its financial year.

The company’s consolidated net sales during the quarter amounted to SEK13.1 billion (€1.2 billion), up 9.5%, from SEK11.9 billion (€1.1 billion) in the same period last year.

"Looking at the quarter as a whole, Axfood once again grew faster than the market," commented Axfood president and CEO, Klas Balkow.

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