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Axfood AB ( (SE:AXFO) ) has issued an announcement.
Axfood delivered higher earnings in the first quarter of 2026, driven by volume growth, positive customer traffic and improved efficiency across its grocery operations. Net sales rose 2.6% to SEK 21.6 billion and retail sales climbed 3.8% to SEK 19.6 billion, while adjusted operating profit increased to SEK 812 million, lifting the margin to 3.8% and underscoring a continued positive trend for the City Gross chain and stronger profitability.
Net profit advanced nearly 16% to SEK 525 million, with earnings per share before dilution up to SEK 2.42, reflecting solid financial performance despite slightly weaker operating cash flow. Shareholders approved a higher dividend of SEK 9.00 per share, split into two payments, and the board authorized a limited share repurchase linked to a long-term incentive programme, measures that signal confidence in the company’s outlook and reward to investors.
The most recent analyst rating on (SE:AXFO) stock is a Hold with a SEK340.00 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 operating supermarkets, hypermarkets and other grocery formats across the country. The company focuses on retail food sales to consumers, complemented by wholesale and logistics operations that support its chains and independent retailers in the Swedish grocery market.
Average Trading Volume: 328,372
Technical Sentiment Signal: Buy
Current Market Cap: SEK69.32B
Learn more about AXFO stock on TipRanks’ Stock Analysis page.