Axfood AB (OTCPK:AXFOY)

$ 25.22 0 (0%) Market Cap: 5.44 Bil Enterprise Value: 6.42 Bil PE Ratio: 21.81 PB Ratio: 7.64 GF Score: 81/100

Q1 2024 Axfood AB Earnings Call Transcript

Apr 25, 2024 / 07:30AM GMT

Release Date Price: $25.22

Transcript

Klas Balkow

Axfood AB - President, Chief Executive Officer

With me here today to present interim report for the first quarter of 2024 is our CFO, as you heard Anders Lexmon. In the Investors section of our website, you will find the presentation material for the call and the recording will also be made available after the presentation.

And with that, let's get started and please turn to page number 2. Today's agenda is as follows. First, we'll have a brief market overview and then I will give you review of our first quarter performance. After that, Anders will take you through the financials. And following Anders part, I will talk about the progress we are making with some of our strategic initiatives and investments for the future. And then just a brief summary of the and before we open up for Q&A.

So we are now on page number 3, but let's go straight into page number 4 and take a look at the developments during the first quarter. Market growth amounted to just over 6% during the quarter, with help from a calendar effect of roughly 2% to the leap day and the timing of Easter.

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