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Axfood AB ( (SE:AXFO) ) has shared an update.
Axfood AB hosted a Capital Markets Day, highlighting its strategy for long-term, profitable, and sustainable growth through distinctive concepts and collaboration. The company plans to expand its store chains, enhance logistics, and integrate AI to streamline operations. Axfood’s commitment to sustainability is evident in its achievements in reducing food waste and transitioning to renewable fuels. Despite recent operating margins below target due to investments, Axfood expects these initiatives to foster increased profitability over time.
The most recent analyst rating on (SE:AXFO) stock is a Buy with a SEK335.00 price target. To see the full list of analyst forecasts on Axfood AB stock, see the SE:AXFO Stock Forecast page.
More about Axfood AB
Axfood AB is a leading player in the Swedish food retail market, operating a family of distinctive concepts in collaboration. The company serves over 5 million customers weekly through nearly 400 Group-owned stores, 260 retailer-owned stores, and e-commerce, with a market share of approximately 25 percent. Axfood’s brands include Willys, Hemköp, City Gross, and Snabbgross, each focusing on different market segments, from discount to hypermarkets and restaurant wholesale.
Average Trading Volume: 221,916
Technical Sentiment Signal: Buy
Current Market Cap: SEK64.87B
For detailed information about AXFO stock, go to TipRanks’ Stock Analysis page.