Everyone in Sweden should have the right to good, wholesome, attractively priced and sustainable food.
Willys' and Hemköp's online shopping reached more than 2 million consumers in 2016. And the roll-out continues as we welcome mat.se to Axfood!
Axfood's best year – again. 2016 Axfood shows excellent sales growth and increased profitability.
CEO'S MESSAGE
2016 was yet another 
year of excellent sales growth. Axfood thereby strengthened its position as number two in the Swedish foot retail market. The goal was to prioritize growth with maintained profitability, and that is exactly what we have done. All companies in the Group lived up to my expectations, and operation profit for 2016 was our best ever.
STRATEGY
Long-term approach, customer focus
and responsibility –strategy for profitable growth
Through growth Axfood will consolidate its position as the number two player in Sweden's food retail market and increase its market share. In addition to organic growth in existing stores and an ambitious pace of establishment, Axfood will grow its digital business. In early 2017 Axfood strengthened the position in e-commerce through the acquisition of the online store mat.se and expanded its presence in discount food retailing by entering the cross-border shopping segment.
KEY FIGURES
Net sales
+5.1%
Operating profit
1,902
SEK m
Operating margin
+10
basis points
Ordinary dividend/share proposed
6.00SEK
Dividend yield 2016
4.1%
Total return last 5 years
184%
| 2012 | 2013 | 2014 | 2015 | 2016 | |
| Earnings | 36,306 | 37,522 | 38,484 | 41,247 | 43,355 |
| 2012 | 2013 | 2014 | 2015 | 2016 | |
| Earnings | 1,200 | 1,302 | 1,447 | 1,760 | 1,902 |
| 2012 | 2013 | 2014 | 2015 | 2016 | |
| 3.3 | 3.5 | 3.8 | 4.3 | 4.4 |
| 2012 | 2013 | 2014 | 2015 | 2016 | |
| Utdelning | 3.00 | 3.75 | 4.25 | 5.00 | 6.00 |
| 2012 | 2013 | 2014 | 2015 | 2016 | |
| Earnings | 4.9 | 4.6 | 3.6 | 6.1 | 4.1 |
| 2012 | 2013 | 2014 | |
| Earnings | 50 | 75 | 110 |
| Results | 25 | 150 | 120 |
EMPLOYEES
Passion for food and people
Axfood – a good employer according to its employees
The majority of employees would recommend Axfood as an employer to their friends, and 83 percent say they are proud to work for Axfood. The Group's Employee Satisfaction Index (ESI) score was 92, which is well above the industry benchmark at 86.
More than 8 out of 10 employees are proud to work for the Axfood Group.
Axfood reflects the makeup of Sweden's population today.
21%
of Axfood's employees have an international background.
Personal development at Axfood is important.
15 min
An e-learning course starts every 15 minutes.
Good and sustainable food for everyone
Axfood is committed to ensuring that everyone has access to good and sustainable food – always. Consumer interest in organic goods, certified products and vegetable protein substitutes is growing, which is leading to higher sales of vegetarian and organic products as a share of total sales.
With its private label products Axfood is leading the way in establishing requirements for products as well as suppliers in its efforts to make a difference in social, environmental and natural resource issues. Axfood is also gradually introducing the Swedish country of origin label that the industry launched during the year to make it easier for consumers to identify products made in Sweden.
258 private label products with the Swedish label 2016
Organic sales
of total food sales
Private label sales
of total sales
The cheapest bag of groceries – with good food for everyone
As the store fore price-savvy customers, Willys is the market leader and is developing the discount in Sweden. Willys pledges to offer Sweden's cheapest bag of groceries, both at its 196 physical stores and online.
Net sales23,164
SEK m
Growth3.8%
Operating margin4.0%
Good food with a clear conscience
Hemköp is "the personal food store", offering inspiration to active families with a rich selection of fresh products and high level of service in 185 stores, of which 67 are Group-owned. Through e-commerce Hemköp offers both pre-defined dinner solutions on a subscription basis as well as grocery shopping.
Net sales6,171
SEK m
Growth
4.9%
Operating margin4.2%
Helping business customers do better business
Axfood Närlivs is a leading B2B wholesaler in Sweden. The company serves customers with varying needs in three distinct segments: Handlar'n and Tempo, Convenience, and the wholly owned Axfood Snabbgross cash and carry chain, with 22 stores.
Net sales
2,884
SEK m
Growth
5.5%
Operating margin
7.0%
Dagab is the support company for the Group's purchasing and logistics operations. Dagab is responsible for an efficient product flow, from assortment development and purchasing to warehousing and distribution.
Net sales
42,319
SEK m
Growth
6.4%
Operating margin
1.6%
