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Investing.com -- Swedish grocery retailer Axfood reported a 6.6% increase in net sales to SEK 22,286 million for the third quarter of 2025, while its shares fell 5.5%.
Retail sales jumped 19.5% to SEK 19,625 million compared to SEK 16,427 million in the same period last year. Excluding City Gross, retail sales grew by 6.2%.
The company’s operating profit reached SEK 1,059 million, up from SEK 1,007 million in the previous year, including items affecting comparability of SEK -39 million. The operating margin remained stable at 4.8%.
Adjusted operating profit increased to SEK 1,099 million from SEK 1,007 million, with the adjusted operating margin slightly improving to 4.9% from 4.8%.
Net profit for the period rose to SEK 727 million from SEK 715 million, with earnings per share before dilution increasing to SEK 3.30 from SEK 3.26.
In September, Axfood paid out a dividend of SEK 4.25 per share, representing the second part of the total shareholder dividend of SEK 8.75 per share, up from SEK 8.50 in the previous year.
The company also announced plans for a new highly automated logistics center to be completed in 2030, aimed at ensuring higher capacity and efficiency in southern Sweden.
President and CEO Simone Margulies noted that the company delivered strong performance in the quarter and gained market shares, with Axfood’s retail sales growth outpacing the overall market growth of slightly more than 5%.
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