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Sweden's Axfood Posts 2.5% Increase In Consolidated Net Sales

Published on Jul 17 2018 11:58 AM in Retail tagged: Featured Post / Sweden / Axfood / Willys / Hemkop / Paywall

Sweden's Axfood Posts 2.5% Increase In Consolidated Net Sales

Swedish retailer Axfood has said that consolidated net sales amounted to SEK 12.2 billion (€1.18 billion) in the second quarter of its financial year, an increase of 2.5% on the same period last year.

Operating profit was up 11.9%, to SEK 545 million, the retailer said, while net profit stood at SEK 429 million.

“Axfood delivered yet another strong quarter with good growth and profitability," commented Axfood president and CEO Klas Balkow.

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