Axfood Ab · OMXSTO:AXFO
Axfood Ab — Q1 2014 Earnings Presentation
11 slides from Axfood Ab's earnings presentation, April 2014
Slide 1: Axfood January - March, 2014
Axfood January - March, 2014 Anders Strålman CEO
Slide 2: Axfood – stable quarter
Axfood – stable quarter • Sales and result affected by late Easter compared to last year – Easter holiday in April compared to March the previous year • Implemented the new business system in the final warehouses Key ratios Q1 Q1 SEK m 2014 2013 Change Net sales 8,946 8,950 0.0% Change in like-for-l
Slide 3: Hemköp – favorable growth in like-for-like stores
Hemköp – favorable growth in like-for-like stores • Increased profitability – Improved store operations • Growing number of modernized stores Key ratios Q1 Q1 SEK m 2014 2013 Change Net sales 1,355 1,407 -2.6% Change in like-for-like sales, 0.5% 0.2% 0.3 % Operating profit 35 30 16.7% Operating marg
Slide 4: Willys – stable result
Willys – stable result • Sales affected by the calendar effect • The first Willys store in Stockholm city opened • Focus on developing the customer programme and establish new stores Key ratios Q1 Q1 SEK m 2014 2013 Change Net sales 4,941 4,919 0.4% Change in like-for-like sales, -3.1% 2.8% -5.9 % O
Slide 5: Axfood Närlivs – quarter in line with previous year
Axfood Närlivs – quarter in line with previous year • Favorable development in cash-and-carry stores • Food retail and convenience sector affected by late Easter • New business system implemented in the remaining two warehouses Key ratios Q1 Q1 Mkr 2014 2013 Change Net sales 1,421 1,427 -0.4% Distri
Slide 6: Dagab – new business system in place
Dagab – new business system in place • Result affected by a temporarily lower efficiency after the change of business system – Focus on fine tuning the system • Continued work with combining all of Axfoods logistics into one single organization Key ratios Q1 Q1 Mkr 2014 2013 Change Net sales 6,109 6
Slide 7: Other
Other • Sales: SEK 1,263 m (1,221), +3.4% – Continued good sales growth for fruits and vegetables and meat • Operating profit: SEK 9 m (13) – Depreciation of new business system with SEK 18 m (15)
Slide 8: Market outlook
Market outlook • Increased optimism among Swedish households • Stable growth in food retail industry • Expected food price inflation of 1-2 % for 2014 8
Slide 9: Strategy for profitable growth
Strategy for profitable growth • Develop the various concepts – Modernize both Willys and Hemköp stores – Attractive customer offerings • Development of customer programmes and business system • High level of private label share 9
Slide 10: Axfood’s goal 2014: Exceed the level of profit in 2013
Axfood’s goal 2014 Exceed the level of profit in 2013
Slide 11: Q&A
Q&A