2. Axfood Q1 2012
Net sales
• Solid sales growth:
SEK 8,718 m (8,257) +5.6%
8,718
– Increased number of customers
+5.6%
• Good operating profit: SEK 248 m
(241) +2.9%
• Operating margin: 2.8% (2.9)
• Intense activity in all areas
2
3. Willys – Strong earnings and stable sales growth
• Strong earnings: SEK 171 m (157) +8.9%
– Operating margin: 3.6% (3.5)
• Positive sales growth: SEK 4,701 m
(4,545), +3.4%
• Continued high pace in store
modernisations Operating profit
• Like-for-like sales affected by:
– Weak growth for stores that are still not 171
modernised +8.9%
3
4. Hemköp – Positive development
• Good sales growth: SEK 1,239 m
(1,205), +2.8%
– Like-for-like sales: +3.1%
– Good development in franchise stores
• Increased profit: SEK 24 m (13), +84.6%
– Operating margin: 1.9% (1.1)
• Target 2012: Like-for-like sales
– 3% operating margin
• New store in Stockholm opened in April
+3.1%
4
5. PrisXtra – Continued positive result
• Positive result: SEK 4 m (7)
• Decrease in sales due to major
road constructions
– Net sales: SEK 132 m (144), -8.3%
– Future strategic locations
5
6. Axfood Närlivs – Increased market share
• Good sales growth in all areas
– Net sales: SEK 1,441 m (1,184) + 21.7%
– New businesses
– Favourable development in Axfood Snabbgross
• Started to deliver to Statoil in January
Net sales
+21.7%
6
7. Dagab – Efficient logistics
• Efficiency and strong delivery
reliability
• Operating profit: SEK 33 m (41)
• Result affected by:
– Higher fuel prices
– Increased costs due to implementation of the
new business system
Delivery reliability
97.5%
7
9. Market outlook 2012
• Uncertain market development
• Food price inflation at low levels
• Continued tough competition
• Price conscious customers
9
10. New union agreement
• New one year agreement from 1 April
– Increased cost of 2.6% during the agreement period
10
11. Strategy for profitable growth 2012
• Stimulate sales growth
– Well operated stores
• Increased private label share
• Efficiency and cost control
• Ambitious pace of investment
– SEK 900 – 1,000 m (993)
– Continued high pace in store
establishments and renewals
– Implementation of the new business
system continues
11
12. Axfood’s goal for 2012
Achieve an
operating profit
in line with 2011
12
20. Other Q1 2012
• Sales: SEK 1,079 m (1,020)
• Operating profit: SEK 8 m (17)
– Result affected by higher depreciation
for the new business system
20
21. Key ratios January-March 2012
• Balance sheet, total: SEK 8,603 m (7,709)
• Cash flow operating activity: SEK 416 m
(293)
• Capex: SEK 323 m (220)
– 50% of the wholesale company Hall Miba was
acquired
– Investment plan 2012: SEK 900 – 1,000 m
(993)
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22. Financial targets & dividend policy
• Axfood's 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 an operating
margin of 4%
22