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Axfood    January – December, 20111
Axfood January – December 2011• Stable sales development: SEK 34,795 m  (34,260), + 1.6%• Improved result: SEK 1,250 m (1,...
Hemköp January – December 2011• Strengthened result and stable like-  for-like sales• Conversion of Vi-stores to Hemköp  f...
Willys January – December 2011• Stable development and good  operating margin    – 4.1% (4.1) operating margin• High pace ...
PrisXtra January – December 2011• Improved result    – Operating profit: SEK 15 m (-5)• Unsatisfying sales development    ...
Axfood Närlivs January – December 2011    • Good sales growth in all areas      – Total sales increased by 8.9%      – Goo...
Dagab January – December 2011• Continued improved efficiency    – Good service level: 97.1%• Ambitious sustainability  pro...
Increased private label share• Highest private label share so far: 24,2%• Target 2012: 25% private label share8
Market outlook 2012• Uncertain market development    – Consumption is slowing• Food price inflation at low levels• New sal...
Strategy for profitable growth 2012• Stimulate sales growth• Cost control and efficiency• Continued high level of  establi...
Axfood’s goal 2012     To achieve an operating profit at the     same level as in 201111
Financial Overview     January – December, 201112
Axfood January – December 2011       • The best result ever       • Cost control and efficiency       Axfood group, SEK m ...
Willys January – December 2011     • Stable development and good       result     • Like-for-like sales: -1.6%         Sal...
Hemköp January – December 2011     • Improved result     • Like-for-like sales: +0.4%     • Target 2012: 3% operating marg...
PrisXtra January – December 2011     • Strengthened result     • Sales continues to be affected by       major road constr...
Axfood Närlivs January – December 2011• Good sales growth in all areas     – New agreements     – Positive development for...
Dagab January – December 2011                    • Stable development                        – Good cost control and effic...
Other January – December 2011• Sales: SEK 4,161 Mkr (4,052)• Operating profit: SEK 64 m  (95)     – Amortization of new bu...
Key ratios January – December 2011• Balance sheet, total: SEK 8,278 m (7,664)• Cash flow operating activity: SEK 1,384 m  ...
Financial targets & dividend policy• Axfoods goal for 2012 is to achieve  an operating profit at the same level  as in 201...
Summary• The best result ever     – Cost control and efficiency• Continued focus on profitable  growth22
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Axfood q4 2011 presentation

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Axfood q4 2011 presentation

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Transcript of "Axfood q4 2011 presentation"

  1. 1. Axfood January – December, 20111
  2. 2. Axfood January – December 2011• Stable sales development: SEK 34,795 m (34,260), + 1.6%• Improved result: SEK 1,250 m (1,209), +3.4%• Operating margin: 3.6% (3.5)• High pace in store establishments and modernizations• Generally weak market2
  3. 3. Hemköp January – December 2011• Strengthened result and stable like- for-like sales• Conversion of Vi-stores to Hemköp franchise finalized – 43 stores have been converted• 2% operating margin 2011• Target 2012: 3% operating margin3
  4. 4. Willys January – December 2011• Stable development and good operating margin – 4.1% (4.1) operating margin• High pace in store establishment and modernization• Like-for-like sales affected by – Weak growth for stores that are still not modernized – Increased competition, both internal and external4
  5. 5. PrisXtra January – December 2011• Improved result – Operating profit: SEK 15 m (-5)• Unsatisfying sales development – Two stores are affected by major road work – Strategic locations in the future5
  6. 6. Axfood Närlivs January – December 2011 • Good sales growth in all areas – Total sales increased by 8.9% – Good development in the cash and carry operation • Renewed agreement with OKQ8 and new agreement with Svenska Statoil • Signed an agreement to acquire 50% of Hall Miba – Provides care products to service stations and retailers6
  7. 7. Dagab January – December 2011• Continued improved efficiency – Good service level: 97.1%• Ambitious sustainability programme7
  8. 8. Increased private label share• Highest private label share so far: 24,2%• Target 2012: 25% private label share8
  9. 9. Market outlook 2012• Uncertain market development – Consumption is slowing• Food price inflation at low levels• New salary agreements ahead with uncertain outcome• Continued tough competition• Price conscious customers9
  10. 10. Strategy for profitable growth 2012• Stimulate sales growth• Cost control and efficiency• Continued high level of establishments and modernization of stores• Implementation of a new business system continues• Increase private label share10
  11. 11. Axfood’s goal 2012 To achieve an operating profit at the same level as in 201111
  12. 12. Financial Overview January – December, 201112
  13. 13. Axfood January – December 2011 • The best result ever • Cost control and efficiency Axfood group, SEK m 2011 2010 Förändring Net sales 34,795 34,260 + 1.6% Operating profit 1,250 1,209 + 3.4% Operating margin 3.6% 3.5% -13
  14. 14. Willys January – December 2011 • Stable development and good result • Like-for-like sales: -1.6% Sales Operating profit 18,904 18,613 772 775 Operating margin 4.1% -10 -11 -10 -1114
  15. 15. Hemköp January – December 2011 • Improved result • Like-for-like sales: +0.4% • Target 2012: 3% operating margin Sales Operating profit 4,978 4,787 94 Operating margin 45 -10 -11 -10 -11 +4.1% 2.0%15
  16. 16. PrisXtra January – December 2011 • Strengthened result • Sales continues to be affected by major road constructionsPrisXtra, SEK m 2011 2010 FörändringNet sales 549 637 - 13.8%Operating profit 15 -5 -Operating margin 2.7% - 0.8% -16
  17. 17. Axfood Närlivs January – December 2011• Good sales growth in all areas – New agreements – Positive development for the cash and carry businessAxfood Närlivs, SEK m 2011 2010 FörändringNet sales 6,365 5,847 + 8.9%Operating profit 110 113 - 2.7%Operating margin 1.7% 1.9% -17
  18. 18. Dagab January – December 2011 • Stable development – Good cost control and efficiency Dagab, SEK m 2011 2010 Förändring Net sales 25,813 25,701 + 0.4% Operating profit 192 189 + 1.6% Operating margin 0.7% 0.7% -18
  19. 19. Other January – December 2011• Sales: SEK 4,161 Mkr (4,052)• Operating profit: SEK 64 m (95) – Amortization of new business system SEK 33 m (16)19
  20. 20. Key ratios January – December 2011• Balance sheet, total: SEK 8,278 m (7,664)• Cash flow operating activity: SEK 1,384 m (1,365)• Capex: SEK 993 m (862) – Investment plan 2012: SEK 900 – 1,000 m• The Board of Directors proposes a dividend of SEK 12 per share (12)20
  21. 21. Financial targets & dividend policy• Axfoods goal for 2012 is to achieve an operating profit at the same level as in 2011• 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
  22. 22. Summary• The best result ever – Cost control and efficiency• Continued focus on profitable growth22
  23. 23. 23
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