Axfood AB (publ) (AXFO) Q1 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:02.316 Thank you, Alex, and good morning, everyone. 00:00:02.316 -- 00:00:07.587 We summarize the quarter with the volume growth, improved efficiency 00:00:07.587 -- 00:00:12.277 and increased profitability, and that in a market that is characterized by a high activity 00:00:12.277 -- 00:00:17.728 level. Through a clear customer focus and collaboration, we continue to create value 00:00:17.728 -- 00:00:21.232 with our strong and distinctive concepts. 00:00:21.293 -- 00:00:26.521 Before we start the presentation, I briefly want to comment on the situation in the world 00:00:26.521 -- 00:00:31.548 around us. It is clear that global uncertainty has increased over the past few 00:00:31.548 -- 00:00:36.375 months, and it's currently very difficult to assess the long-term effects of the war 00:00:36.375 -- 00:00:38.618 in the Middle East. 00:00:38.618 -- 00:00:43.285 In recent years, we have successfully navigated a volatile and uncertain environment, 00:00:43.285 -- 00:00:49.250 adapting quickly as conditions have changed, and we're carefully monitoring developments. 00:00:49.774 -- 00:00:54.814 Turning to page three. With that very brief introduction, let me now take you 00:00:54.814 -- 00:00:58.940 through the recent market developments and Axel's first quarter performance. 00:00:58.940 -- 00:01:01.961 So next page is number four. 00:01:03.125 -- 00:01:08.132 Market growth amounted to 4.4% during the quarter, a similar level compared 00:01:08.132 -- 00:01:13.600 to the fourth quarter last year. Stronger volumes contributed to this development 00:01:13.600 -- 00:01:18.246 as the annual rate of food price inflation came down and amounted to 1.7%, 00:01:18.246 -- 00:01:21.301 according to Statistics Sweden. 00:01:21.301 -- 00:01:25.607 Inflatio...