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2010-10-26 presentation at media and analyst meeting Q3
2010-10-26 presentation at media and analyst meeting Q3
2010-10-26 presentation at media and analyst meeting Q3
2010-10-26 presentation at media and analyst meeting Q3
2010-10-26 presentation at media and analyst meeting Q3
2010-10-26 presentation at media and analyst meeting Q3
2010-10-26 presentation at media and analyst meeting Q3
2010-10-26 presentation at media and analyst meeting Q3
2010-10-26 presentation at media and analyst meeting Q3
2010-10-26 presentation at media and analyst meeting Q3
2010-10-26 presentation at media and analyst meeting Q3
2010-10-26 presentation at media and analyst meeting Q3
2010-10-26 presentation at media and analyst meeting Q3
2010-10-26 presentation at media and analyst meeting Q3
2010-10-26 presentation at media and analyst meeting Q3
2010-10-26 presentation at media and analyst meeting Q3
2010-10-26 presentation at media and analyst meeting Q3
2010-10-26 presentation at media and analyst meeting Q3
2010-10-26 presentation at media and analyst meeting Q3
2010-10-26 presentation at media and analyst meeting Q3
2010-10-26 presentation at media and analyst meeting Q3
2010-10-26 presentation at media and analyst meeting Q3
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2010-10-26 presentation at media and analyst meeting Q3

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Transcript

  • 1. 1 Axfood AB Interim Report July – Sept, 2010
  • 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. 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 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 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 Axfood Närlivs July - September 2010 • Increased sales and market share – New agreements – Relatively good weather conditions • EBIT margin affected by competitive market
  • 7. 7 Dagab July - September 2010 • Strong service level • Good cost control • Satisfying cooperation with Vi-stores
  • 8. 8 Market trends 2010 • Soft food retail market • Food price inflation on moderate levels • Fierce competition • Price conscious customers
  • 9. 9 Strategy for profitable growth • Develop the various concepts • Optimize store operations • Stimulate sales growth • Good cost control and efficiency
  • 10. 10 Axfood´s goal for 2010 To achieve an operating profit at least at the same level as in 2009
  • 11. 11 Financial Performance July – Sep, 2010
  • 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 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 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 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. 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 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 Other July - September 2010 • Sales: SEK 993 m (845) • Operating profit: SEK 37 m (26)
  • 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 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 Summary • Stable development • Strong result • Increased market share
  • 22. 22 Time for questions!

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