Q3 2025 Axfood AB Earnings Call Transcript
Key Points
- Axfood AB (LTS:0R6R) reported strong customer traffic, volume growth, and increased market share in the third quarter.
- The company achieved growth in retail sales of almost 20%, with a notable 6% growth excluding recent acquisitions.
- E-commerce sales grew by 11%, outpacing the market growth of 8%.
- Axfood AB is investing in a new highly automated logistics center in southern Sweden to enhance efficiency and capacity.
- The company is making strides in sustainability, with initiatives like phasing out fossil fuels in transport and launching a new solar park.
- The intense competition and high price awareness among consumers in the Swedish food retail market continue to pressure margins.
- Operating profit was negatively impacted by items affecting comparability, including structural costs related to acquisitions.
- The acquisition of City Gross has led to increased net debt and impacted the equity ratio.
- Despite improvements, City Gross is still operating at a loss, although less negative than in previous quarters.
- The logistics segment faced a lower gross margin due to mixed effects and product mix issues.
Good morning, everyone. This is Alexander Bergendorf, Head of Investor Relations at Axfood, and welcome to the Axfood third-quarter 2025 telephone conference. With me today, I have Simone Margulies, President and CEO; and Anders Lexmon, CFO.
In the Investors section of our website, you will find the presentation materials for today's call, and we encourage you to have that presentation at hand as you listen to our prepared commentary. After the presentation, we will be taking questions. A recording of this call will be made available after the on our website.
So with that, I will now hand over the words to Simone. So please go to page number 2.
Thank you, Alex, and good morning, everyone. Oxford summarizes another strong quarter with high customer traffic traffic, volume growth and increased market share.
With increased loyalty and growth in our store chains as well as improved efficiency and solid cost control
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