AXFOY - Axfood AB (publ) (AXFOF) Q2 2024 Earnings Call Transcript
2024-07-12 20:37:07 ET
Axfood AB (publ) (AXFOF)
Q2 2024 Earnings Conference Call
July 12, 2024, 03:30 AM ET
Company Participants
Klas Balkow - CEO
Anders Lexmon - CFO
Conference Call Participants
Fredrik Ivarsson - ABG
Magnus Raman - Kepler
Simen Aas - DNB Markets
Daniel Schmidt - Danske Bank
Presentation
Operator
Welcome to the Axfood, Q2 2024 Report Presentation. [Operator Instructions]
Now, I will hand the conference over to speakers CEO, Klas Balkow; and CFO, Anders Lexmon. Please go ahead.
Klas Balkow
Thank you and good morning, everyone. And thank you also from our side to join today's call. As you heard, Anders Lexmon is with me here today to present the interim report for the second quarter of 2024. And in the investor section of our website, you will find the presentation material for today's call, and a recording will also be made available afterwards. So, with that, I would like to get started and please turn to Page 2.
Today's agenda is as follows. First, we'll have a brief market overview, and then I will give you a review of our quarterly performance, and after that, Anders will take you through our financials. And following Anders' part, we'll talk about our progress we are making with some of our strategic initiatives and investments for the future. And of course, this will also include logistics, but also our announced acquisition of the hypermarket concept, City Gross.
And finally, we'll have a brief summary to conclude the presentation before we open up for questions. So, with that, we are now on Page 3, but let's go directly to Page 4 and take a look at the development during the quarter. Market growth amounted to approximately 2.2% in the second quarter, which is a lower level than we've seen before.
The calendar effect was however negative at minus 1.2%, basically a reversal from the positive Easter effect that supported market growth in the first quarter. Inflation was low during the quarter and amounted to approximately 1.1% according to Statistics Sweden....
Axfood AB (publ) (AXFOF) Q2 2024 Earnings Call Transcript