Axfood AB (publ) (AXFOF) Q1 2025 Earnings Call Transcript

2025-04-24 16:55:18 ET

Axfood AB (publ) (AXFOF)

Q1 2025 Results Conference Call

April 24, 2025 03:30 AM ET

Company Participants

Alexander Bergendorf - Head of Investor Relations

Simone Margulies - President and Chief Executive Officer

Anders Lexmon - Chief Financial Officer

Conference Call Participants

Magnus Råman - Kepler Cheuvreux

Fredrik Ivarsson - ABG

Daniel Schmidt - Danske

Gustav Hageus - SEB

Rob Joyce - BNP Paribas Exane

Presentation

Alexander Bergendorf

Good morning. This is the Axfood First Quarter 2025 Telephone Conference. And with me today are Simone Margulies, President and CEO; and Anders Lexmon, CFO.

In the Investors 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. And a recording of this call will be made available on our website.

I will now hand over the words to Simone. So please go to Page number 2.

Simone Margulies

Thank you, Alex, and good morning, everyone. With a focus on the customer meeting and further volume growth, we continue to strengthen our market position in the first quarter of the year with Willys, Hemköp and Snabbgross. We reported a stable earnings performance and maintained a high level of activity in areas that are strategically important for increased efficiency and market presence.

A number of activities have also been initiated to strengthen City Gross, which we acquired on November 1 last year. In terms of logistics, the productivity of our recently completed logistics center in Bålsta is continuing to improve. And now we have also initiated plans to expand capacity and efficiency in the southern parts of Sweden from 2030 and onwards. We will, of course, cover all these areas in today's presentation.

But first, let us turn to Page 3 and today's agenda. I will start with a brief market overview, and then I will give you a review of our first quarter performance and strategic agenda. Following that, Anders will take you through the financials. And lastly, just a brief summary from me before we open up for questions....

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