Axfood AB (publ) (AXFOY) Q2 2026 Earnings Call Transcript

Axfood AB (publ) (AXFOY) Q2 2026 Earnings Call July 15, 2026 3:30 AM EDTCompany ParticipantsAlexander Bergendorf - Head of Investor RelationsSimone...

Company Participants Alexander Bergendorf - Head of Investor Relations Simone Margulies - President & CEO Anders Lexmon - Chief Financial Officer Conference Call Participants Fredrik Ivarsson - ABG Sundal Collier Holding ASA, Research Division Niklas Ekman - DNB Carnegie, Research Division Daniel Schmidt - Danske Bank A/S, Research Division Magnus Råman Erik Sandstedt - Kepler Cheuvreux, Research Division Richard Trainor - Bernstein Institutional Services LLC, Research Division Robert Joyce - BNP Paribas, Research Division Presentation Alexander Bergendorf Head of Investor Relations Good morning, everyone, and welcome to the Axfood Second Quarter 2026 Earnings Presentation.

My name is Alexander Bergendorf, Head of IR here at Axfood. With me today are Simone Margulies, President and CEO; and Anders Lexmon, CFO. In the Investors section of our axfood.com website, you will find the presentation materials for today's call.

We encourage you to have that presentation at hand as you listen to our prepared commentary. After the presentation, we will be taking questions. A recording of this call will be made available on our website.

With that, I will now hand over the word to Simone. So please go to Page #2. Simone Margulies President & CEO Thank you, Alex.

Axfood maintained a high level of activity during the second quarter with focus on further strengthening presence, competitiveness and efficiency. We delivered positive growth and increased earnings against high comparison figures in a market characterized by food price deflation. We are well positioned for the future and continue to pursue our long-term strategic plan, while we, at the same time, implement targeted tactical measures to strengthen our growth also in the short term.

Turning to Page 3. With that very brief introduction, let me now take you through recent market developments and Axfood's second quarter performance. So let's move on

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