AXFOY - Axfood: A Structurally High Grade Retailer In Sweden

• The objective of this article is to help to better understand the Axfood business, a well-established Swedish retailer.
• Although it is tempting to focus on its store chains, one of the keys to Axfood’s success is its logistics operations.
• The economies of scale of its logistics operations and Sweden's economic environment strongly benefit established retailers.
• We explore some of Axfood's latest investment projects, the expansion of the online offer and the upgrade of its warehouses.
• We show more financial data and how some short-term circumstances have impacted the company's share price in recent years.

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