Axfood AB (OTCPK:AXFOY)

$ 25.22 0 (0%) Market Cap: 5.44 Bil Enterprise Value: 6.34 Bil PE Ratio: 26.22 PB Ratio: 11.32 GF Score: 85/100

Q1 2019 Axfood AB Earnings Call Transcript

Apr 25, 2019 / 07:30AM GMT

Release Date Price: $18

Transcript

Klas Balkow;publ;President;CEO

Axfood AB

()-&

So good morning, everyone, and let me welcome you to Axfood's finance report for the first quarter. My name is Klas Balkow and I'm the CEO of Axfood. And with me on this presentation, I also have Mr. Anders Lexmon, the CFO.

Our agenda for today, we will cover the key ratios for the first quarter and then Mr. Lexmon will go through the financial position in the company. I will then come back and provide an update on our outlook as well as give an update on our strategic agenda that we have going forward. And then I would like to welcome Mr. Gustav SandstrÃ¶m from SEB, who will lead and moderate the Q&A session.

Let me start by making a quick comment about Axfood and reminding you all about Axfood. We have a clear house of brand strategy, where we have distinct concepts that is meeting various consumer needs with a common logistic and common sourcing through Dagab. We are now getting closer and closer to SEK 50 billion sales as the turnover, and we are meeting over 4 million customers

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