Axel Johnson Group, part owner of food wholesale and retail operation Axfood today (Tuesday) announced a 2.7% increase in sales to 9.115bn Swedish kronor (US$1.329bn) in 2004.

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Earnings after financial items rose to 883m kronor, compared with 742m in 2003.


We were pleased to note that the Axel Johnson Group achieved its best-ever level of earnings,” said Göran Ennerfelt, president and CEO. “We continued to invest during the year in the future growth of our operations. Axfood opened a number of new stores during the year and launched the first Super-Willys store. Axel Johnson owns slightly more than 45% of Axfood.

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