Axfood AB (publ) (AXFO) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning. This is the Axfood Year-end Report 2025 telephone conference. And with me today are Simon Margulis, President and CEO, and Anders Lexman, CFO. In the investor section of our axfood.com website, you will find the presentation material for today's call. We encourage you to have that presentation at hand as you listen to our prepared commentary. After the presentation, we will be taking questions. A recording of this call will be made available on our website. So with that, I will now hand over the words to Simone. So please go to the queue. Go ahead, Simone. Thank you, Alex. And good morning, everyone. We report another quarter of above market growth and stronger market positions for all our retail chains. By leveraging the strength of our business concept, we are also preparing for the future and investing in strategically important areas to continue attracting more customers, become even more efficient and strengthen our competitiveness. On this slide, you see some highlights for the quarter, highlights which we will cover during the course of this presentation. Turning to page three. So now, as usual, I will start with a brief market overview and the review of the quarterly development. Let's go to page four. Market conditions in Swedish food retail continue to be characterized by a high activity level in the quarter with intense competition and continued high price awareness among consumers. Overall market growth amounted to 4.5%. Statistics Sweden reported that the annualized rate for food price inflation was 3.5%. This level was somewhat lower on a sequential basis, and in absolute terms, the overall price level was quite stable. Growth in Axwood's retail sales amounted to 8.7% and 5.3% excluding city gross. Our growth was thereby once again above t...