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Axfood AB ( (SE:AXFO) ) just unveiled an announcement.
Axfood AB has announced plans to establish a new highly automated logistics center in Kungsbacka, set to be completed by 2030, to enhance capacity and efficiency in southern Sweden. The center, which will be environmentally certified and cover 90,000 square meters, aims to support Axfood’s expansion with increased capacity and a broader product range. This strategic move, involving a collaboration with Witron for automation technology, is expected to increase Axfood’s logistics capacity by at least 20% and is part of a broader effort to optimize logistics operations across the region.
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 is a leading company in the food retail industry, known for its affordable, good, and sustainable food offerings. It operates several store chains including Willys, Hemköp, and City Gross, along with B2B sales through Snabbgross. The company also manages product development, purchasing, and logistics through its support company Dagab. Axfood is listed on Nasdaq Stockholm and is primarily owned by Axel Johnson AB.
Average Trading Volume: 233,337
Technical Sentiment Signal: Buy
Current Market Cap: SEK64.41B
See more insights into AXFO stock on TipRanks’ Stock Analysis page.