Axfood AB (Axfood), a subsidiary of Axel Johnson AB, is a wholesaler and retailer of food and non-food products. The company’s product portfolio includes groceries, food products, body care, laundry and household cleaning products. It also offers soft drinks, kitchen supplies, laundry products, diapers and wet wipes. Axfood operates retail stores under Hemkop, Willys, Tempo, Mat.se, Snabbgross, Middagsfrid, Eurocash, Handlarn, Apohem, Urban Deli and Dagab banners. The company also offers logistics and distribution services through its subsidiary Dagab. It sells products through discount grocery chains, retail stores and through e-commerce platform. It serves cafes, restaurants, retailer-owned stores, foodservice operators, mini-marts, service stations, and convenience retailers. Axfood is headquartered in Stockholm, Sweden.
Headquarters
Sweden
Address
Solnavagen 4, Stockholm, 11365
Website
www.axfood.se
Telephone
46 8 55399000
No of Employees
12,834
Industry
Retailing
Ticker Symbol & Exchange
AXFO (STO)
Revenue (2023)
$6.7B
7.8%
(2023 vs 2022)
EPS
XXX
Net Income (2023)
XXX
12.6%
(2023 vs 2022)
Market Cap*
$5.1B
Net Profit Margin (2022)
XXX
4.2%
(2023 vs 2022)
* As of and is in US$
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Products and Services
| Products | Services |
|---|---|
| Groceries | Logistics and Distribution services |
| Food Products | |
| Body Care Products | |
| XXX | |
| XXX | |
| XXX |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Contracts/Agreements | In January, the company extended its collaboration with Tele2 AB (publ) (Tele2) for building and maintaining a wireless network in the group's new logistics facility. |
| 2022 | Plans/Strategy | In September, the company announced its plans to build the largest solar power facilities in Landskrona, Sweden. |
| 2022 | Others | In April, the company announced to build Sweden’s largest rooftop solar power facility. |
Competitor Comparison
| Key Parameters | Axfood AB | Metro AG | Coop Group | ICA Gruppen AB | Lidl Sverige KB |
|---|---|---|---|---|---|
| Headquarters | Sweden | Germany | Switzerland | Sweden | Sweden |
| City | Stockholm | Duesseldorf | Basel | Solna | Solna |
| State/Province | - | - | Basel-Stadt | Stockholm | - |
| No. of Employees | 12,834 | 95,141 | 95,420 | 24,043 | - |
| Entity Type | Public | Public | Private | Private | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Mia Brunell Livfors | Chairman | Executive Board | 2016 | 57 |
| Klas Balkow | Chief Executive Officer; President | Senior Management | 2017 | 57 |
| Anders Lexmon | Chief Financial Officer | Senior Management | 2017 | 54 |
| Nicholas Pettersson | Managing Director - Dagab Inkop and Logisitik | Senior Management | 2004 | 46 |
| Thomas Evertsson | Managing Director - Willys | Senior Management | 2008 | 58 |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XX |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XX |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XX |
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