1
Axfood AB
Interim Report
July – Sept, 2010
2
Axfood AB July - September 2010
• Consolidated sales:
SEK 8,582 m (8,049), an
increase of 6.6%
• Stable operating profit...
33
Willys July - September 2010
• Strong results
• Like for like sales affected by
increased competition
• Increased marke...
4
Hemköp July - September 2010
• Positive result and like for like sales
– Successful marketing strategy
• New store in St...
5
PrisXtra July - September 2010
• Unsatisfying development
• Decrease in sales for two stores
due to major road work
• Po...
6
Axfood Närlivs July - September 2010
• Increased sales and market
share
– New agreements
– Relatively good weather
condi...
7
Dagab July - September 2010
• Strong service level
• Good cost control
• Satisfying cooperation with Vi-stores
8
Market trends 2010
• Soft food retail market
• Food price inflation on moderate
levels
• Fierce competition
• Price cons...
9
Strategy for profitable growth
• Develop the various concepts
• Optimize store operations
• Stimulate sales growth
• Goo...
10
Axfood´s goal for 2010
To achieve an operating profit at
least at the same level as in 2009
11
Financial
Performance
July – Sep, 2010
12
Axfood AB July - September 2010
• Strong result
– Improved operating profit
-
+ 8.7%
+6.6 %
Change
4.2%4.2%Operating ma...
13
Willys July - September 2010
+6.3%
Sales Operating profit
-10 -09
4,3844,660
-10 -09
214 199
4.5%4.6%Operating margin
2...
14
Hemköp July - September 2010
Sales Operating profit
-10 -09
1,2761,164
-10 -09
19
11
1.5%0.9%Operating margin
20092010
15
PrisXtra July - September 2010
• Decrease in sales for two stores due
to major road work
-
0
- 7.7%
Change
0.6%0.7%Oper...
1616
Axfood Närlivs July - September 2010
• Good sales developement
– Distributed sales increased by 5.5 %
-
- 17.3%
+ 4.9...
17
Dagab July - September 2010
• Stable development
• Good cost control and efficiency
-
+ 52.6%
+ 7.3%
Change
0.6%0.9%Ope...
18
Other July - September 2010
• Sales: SEK 993 m (845)
• Operating profit: SEK 37 m (26)
19
Key ratios January - September 2010
• Balance sheet, total: SEK 7,367 m
(7,025)
• Cash flow operating activity:
SEK 1 0...
20
Financial targets & dividend policy
• Axfood's goal for 2010 is to achieve
an operating profit at least at the
same lev...
21
Summary
• Stable development
• Strong result
• Increased market share
22
Time for
questions!
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2010-10-26 presentation at media and analyst meeting Q3

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Transcript of "2010-10-26 presentation at media and analyst meeting Q3"

  1. 1. 1 Axfood AB Interim Report July – Sept, 2010
  2. 2. 2 Axfood AB July - September 2010 • Consolidated sales: SEK 8,582 m (8,049), an increase of 6.6% • Stable operating profit: SEK 364 m (335) • Operating margin: 4.2% (4.2) • Strengthened market position
  3. 3. 33 Willys July - September 2010 • Strong results • Like for like sales affected by increased competition • Increased market share – Growing number of stores – Improved shopping experience – Right price and product mix
  4. 4. 4 Hemköp July - September 2010 • Positive result and like for like sales – Successful marketing strategy • New store in Stockholm City • Targeting EBIT margin of 1% 2010
  5. 5. 5 PrisXtra July - September 2010 • Unsatisfying development • Decrease in sales for two stores due to major road work • Possible positive EBIT for full year
  6. 6. 6 Axfood Närlivs July - September 2010 • Increased sales and market share – New agreements – Relatively good weather conditions • EBIT margin affected by competitive market
  7. 7. 7 Dagab July - September 2010 • Strong service level • Good cost control • Satisfying cooperation with Vi-stores
  8. 8. 8 Market trends 2010 • Soft food retail market • Food price inflation on moderate levels • Fierce competition • Price conscious customers
  9. 9. 9 Strategy for profitable growth • Develop the various concepts • Optimize store operations • Stimulate sales growth • Good cost control and efficiency
  10. 10. 10 Axfood´s goal for 2010 To achieve an operating profit at least at the same level as in 2009
  11. 11. 11 Financial Performance July – Sep, 2010
  12. 12. 12 Axfood AB July - September 2010 • Strong result – Improved operating profit - + 8.7% +6.6 % Change 4.2%4.2%Operating margin 335364Operating profit 8,0498,582Net sales 20092010Group, SEK m
  13. 13. 13 Willys July - September 2010 +6.3% Sales Operating profit -10 -09 4,3844,660 -10 -09 214 199 4.5%4.6%Operating margin 20092010 +7.5%
  14. 14. 14 Hemköp July - September 2010 Sales Operating profit -10 -09 1,2761,164 -10 -09 19 11 1.5%0.9%Operating margin 20092010
  15. 15. 15 PrisXtra July - September 2010 • Decrease in sales for two stores due to major road work - 0 - 7.7% Change 0.6%0.7%Operating margin 11Operating profit 155143Net sales 20092010PrisXtra, SEK m
  16. 16. 1616 Axfood Närlivs July - September 2010 • Good sales developement – Distributed sales increased by 5.5 % - - 17.3% + 4.9% Change 3.5%2.7%Operating margin 5243Operating profit 1,4981,571Net sales 20092010Axfood Närlivs, SEK m
  17. 17. 17 Dagab July - September 2010 • Stable development • Good cost control and efficiency - + 52.6% + 7.3% Change 0.6%0.9%Operating margin 3858Operating profit 5,9466,379Net sales 20092010Dagab, SEK m
  18. 18. 18 Other July - September 2010 • Sales: SEK 993 m (845) • Operating profit: SEK 37 m (26)
  19. 19. 19 Key ratios January - September 2010 • Balance sheet, total: SEK 7,367 m (7,025) • Cash flow operating activity: SEK 1 037 m (1 017) • Capex: SEK 592 m (439) • Equity ratio: 37.2% (34.6)
  20. 20. 20 Financial targets & dividend policy • Axfood's goal for 2010 is to achieve an operating profit at least at the same level as in 2009 • Equity ratio of at least 25% • Shareholder dividend of at least 50% of profit for the year after tax • Long term target for operating margin: 4%
  21. 21. 21 Summary • Stable development • Strong result • Increased market share
  22. 22. 22 Time for questions!
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