Axfood AB (publ) (AXFOF) Research

Axfood AB (publ) is a prominent Swedish company deeply engaged in both the retail and wholesale sectors of the food industry. Its extensive operations are organized into key segments: Willys, Hemköp, Dagab, and Snabbgross. The company reaches consumers through various grocery store chains, including Willys, Hemköp, Eurocash, and Mat.se, while also maintaining a strong e-commerce presence and developing its own private label product lines. Beyond conventional grocery sales, Axfood diversified its services to include Middagsfrid, providing home-delivered meal kits, and Urban Deli, a unique concept combining a restaurant and a market hall. It also operates Apohem, an online pharmacy. For its wholesale clientele, Axfood supplies a broad spectrum of businesses, such as restaurants, fast-food operators, cafés, independent retailer-owned stores, mini-marts, service stations, and various other convenience retailers. As of December 31, 2021, the company's physical network included 63 owned and operated Hemköp stores, 226 owned and operated Willys supermarkets, and 27 owned and operated Snabbgross stores. Furthermore, Axfood also had 134 Hemköp and 130 Tempo stores under its ownership and franchise model. Established in 1958 and headquartered in Stockholm, Sweden, Axfood AB (publ) functions as a subsidiary of Axel Johnson AB.

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