Axfood AB (publ) (AXFOY) Research

Axfood AB (publ) is a prominent Swedish company with operations spanning both food retail and wholesale. Its business is structured across key segments: Willys, Hemköp, Dagab, and Snabbgross. The company manages various grocery store brands, including Willys, Hemköp, Eurocash, and Mat.se, and maintains a robust e-commerce presence. Beyond general food sales, Axfood develops and markets its own private label product lines. Its diverse offerings also encompass specialized ventures such as Middagsfrid, a home delivery service for meal kits, and Urban Deli, a concept blending restaurant dining with a market hall experience. Furthermore, it runs Apohem, an online pharmaceutical platform. In the wholesale sector, Axfood supplies a broad clientele, ranging from restaurants, fast-food establishments, and cafés to independent retailers, convenience stores, mini-marts, and service stations. As of December 31, 2021, Axfood's extensive network featured 226 Willys supermarkets, 27 Snabbgross stores, and a combined 197 Hemköp locations (which includes 63 directly owned and 134 owned or franchised outlets), alongside 130 Tempo stores, also either owned or franchised. Founded in 1958 and headquartered in Stockholm, Sweden, Axfood AB (publ) operates as a subsidiary of Axel Johnson AB.

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