Grocery giant Axfood - which operates the Willys and Hemköp chains, among others - reports an operating profit of SEK 1,118 million for the third quarter. City Gross has turned a profit.
BusinessThe food company Axfood, with the food chains Willys and Hemköp, reports an increased profit.
BusinessConsumers will have to get used to more dramatic price fluctuations when it comes to food prices, believes Axfood's CEO Simone Margulies. At the same time, she thinks the discussion about food has been polarized. It is not based on facts, she says.
BusinessMinister for Finance Elisabeth Svantesson (M) called on Thursday representatives for the food industry to a meeting due to the high food prices. But the food giants blame the price increases on circumstances they cannot control.
BusinessThe low-price chain Willys continues to strengthen its market position. When it comes to food prices, there are many factors that can affect the future. This makes it very difficult to predict the future, says Axfood's CEO Simone Margulies.
BusinessThe food concern Axfood sees that food prices continue to stabilize. However, CEO Simone Margulies dare not predict what will happen ahead. But it is positive that inflation has been at a significantly lower level for several months, she says.
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