Annual and Sustainability Report 2024
Axfood is summarising a year characterised by higher growth than the market and continued progress to further strengthen and streamline the Group in areas such as customer meeting, automation and digitalisation.
Key ratios 2024
84,057
Net sales, SEK m
3,290
Operating profit, SEK m
3.9
Operating margin, %
10.16
Earnings per share before dilution, SEK
Important events in 2024
Simone Margulies appointed President and CEO
On 15 August, Simone Margulies took on the role as President and CEO of Axfood, and thereby succeeded Klas Balkow. Simone previously served as the Managing Director of Hemköpskedjan AB and, prior to that her role was Deputy CEO of Axfood’s purchasing and logistics company Dagab.
City Gross joins the Axfood Family
On 1 November, Axfood acquired the food retail chain City Gross. The acquisition extends Axfood’s reach through a presence in the hypermarket segment, the fastest-growing segment on the market after discount. It also provides new opportunities for growth by creating the conditions to further develop and strengthen City Gross with the Group’s know-how, resources and experience.
Accelerated transition to fossil-free transports
In 2024, Axfood accelerated the transition to renewable fuels and electricity in its transports. This work resulted in a sharp decrease in the carbon footprint per tonne of products transported by 36% since the previous year and nearly 53% since 2021.
Innovative and sustainable product development
In 2024, Axfood took major steps to promote innovative, sustainable and healthy food. The new snack product RåggyBerry increases the body’s mineral uptake and uses residues from white cheese that would otherwise have been food waste.
Halved food waste in stores
In 2024, through innovative solutions and collaboration, Axfood achieved its target of a 50% reduction in food waste at the Group’s stores compared with the base year 2015. Sales of products nearing their best-before date, collaborations with charity organisations and new waste procedures contributed to the results.
Axfood wins Career Company award
Axfood has once again won the Career Company award in the organisation Karriärföretagen's ranking of Sweden's most attractive employers for students and young professionals. The award highlights attractive employers that offer exciting career and development opportunities.
Simone Margulies, President and CEO
Investor Relations
Alexander Bergendorf
Head of Investor Relations
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