Business
AXFO: Profitability and volumes rose, but Willys' growth lagged due to store closures and VAT repricing
AXFO: Profitability and volumes rose, but Willys' growth lagged due to store closures and VAT repricing
About this update from Axfood Ab
Volume growth and improved profitability were achieved despite intense competition and global uncertainty. Operating profit and margins increased, with strong performances from Hemköp and ongoing improvements at City Gross, while Willys' growth was impacted by store closures and early VAT-related price cuts.Based on This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.