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An announcement from Axfood AB ( (SE:AXFO) ) is now available.
Axfood has achieved fossil-free transport for all truck traffic between its warehouses and stores across Sweden, reaching this target several years ahead of its previous 2030 timetable by converting more than 200 group-owned trucks and at least as many contracted vehicles to renewable fuels and electricity. The company has implemented this transition through tighter supplier agreements, extensive collaboration with logistics partners, and increased use of biogas, HVO and electric trucks, while acknowledging that higher costs for renewable fuels highlight the need for clearer, long-term policy support to keep sustainable transport competitive. With roughly 15% of its truck fleet already electric and a goal to have at least half of its own trucks electrified by 2030, Axfood is positioning itself as a frontrunner in low-carbon logistics within the grocery sector, aiming to further cut emissions and embed electrification and charging infrastructure as a core component of its broader sustainability strategy.
The most recent analyst rating on (SE:AXFO) stock is a Hold with a SEK341.00 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 Swedish food retail group whose portfolio includes supermarket chains Willys, Hemköp, City Gross, Tempo, Handlar’n and Matöppet, with B2B sales handled through Snabbgross and logistics and purchasing managed by support company Dagab. The group also encompasses Urban Deli and partly owned companies Apohem and Eurocash, employs more than 15,000 people, generates close to SEK 90 billion in annual sales, and has been listed on Nasdaq Stockholm since 1997, with Axel Johnson AB as its principal owner.
Average Trading Volume: 277,908
Technical Sentiment Signal: Strong Buy
Current Market Cap: SEK66.51B
Learn more about AXFO stock on TipRanks’ Stock Analysis page.