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Sweden's Axfood Sees Growth In 'Most Eventful Year' In Its History

By Steve Wynne-Jones
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Swedish retailer Axfood has reported a 7.8% increase in net sales in what chief executive Klas Balkow has described as "probably the most eventful year in [its] history".

Net sales for the year totalled SEK 57.9 million (€5.57 billion). If the Bergendahls Food business, which Axfood acquired last summer, is excluded, net sales rose 2.8% for the year.

Store sales at the business were up 1.9%, while operating profit stood at SEK 2.7 billion (€260 million), up from SEK 2.5 billion the previous year.


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