Axfood Reports Robust Q2 2025 Growth Amid Strategic Investments
Axfood announces strong Q2 2025 results with 11% profit growth and strategic expansions.
Key Points
- • Axfood's profit increased by over 11% year-on-year in Q2 2025.
- • Revenue growth was just over 9%, slightly below estimates.
- • Annual cost savings of 80 million kronor anticipated from increased efficiency.
- • Plans to expand store network by opening 10 to 15 new stores.
Swedish grocery giant Axfood has announced impressive financial results for the second quarter of 2025, reporting a profit increase of over 11% compared to the same period last year, surpassing analyst expectations. The company’s revenue was recorded at 22,995 million kronor, showing a growth of just over 9%, though slightly below estimates that projected revenue of 23,044 million kronor.
Key operational efficiencies stemming from significant investments in automation and logistics have notably enhanced Axfood’s competitiveness. The company anticipates annual cost savings of 80 million kronor as a result of these improvements. Maintaining a focus on growth, Axfood has reiterated its investment forecast for the year, projecting a total between 1.6 to 1.7 billion kronor.
In terms of future expansion, Axfood plans to open between 10 to 15 new stores, indicating its commitment to increasing its market presence. The operating profit for Q2 stood at 934 million kronor, exceeding the expected 919 million kronor, and the operating margin was reported at 4.1%, slightly higher than the anticipated 4.0%.
Looking ahead, the company projects revenue and operating profit for 2024 to be 21,044 million kronor and 836 million kronor, respectively, indicating a positive outlook for sustained growth.
As emphasized in the earnings report, Axfood’s strategic initiatives and performance reflect a resilient business model capable of navigating market challenges and capitalizing on opportunities for expansion and efficiency gains.