Axfood at a glance Axfood conducts food retail and wholesale trade in Sweden. Retail business is conducted through the wholly owned grocery store chains Willys, Hemköp and PrisXtra. ■ The Group owns 237 stores. In addition, Axfood collaborates with a large number of proprietor-run stores that are tied to Axfood through agreements. These include stores within the Hemköp chain as well as stores run under the Handlar’n and Tempo trademarks. ■ In all, Axfood collaborates with approximately 820 proprietor-run stores. Wholesale business is conducted through Dagab and Axfood Närlivs. Axfood is listed on Nasdaq OMX Stockholm AB’s Large Cap list. Axel Johnson AB is the principal owner with approximately 50% of the shares. Axfood has an approximate 20% share of the food retail market in Sweden. ■ ■ ■ ■ Organization ■ Axfood’s organization is characterized by a lean decision-making structure and strong focus on low administrative costs. At the central level the Group achieves economies of scale in such functions as purchasing, private label products, logistics, IT, finance, human resources and business development. ■ The management teams of the individual chains are responsible for store operations, marketing, and product range and pricing strategies. The store managers/proprietors have daily responsibility for ensuring that their stores are appealing and well-stocked, and for providing a welcoming atmosphere for customers. ■