Share gains and double-digit earnings growth. Soft margin in Willys overshadowed by all other segments. Estimates up by 3%, BUY, TP of SEK 295 (285).


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Margin expansion ahead
Axfood AB (AXFO:OME) | 0 0 0.0%
- Published:
16 Jul 2023 -
Author:
Benjamin Wahlstedt | Fredrik Ivarsson | ABGSC Retail Research -
Pages:
11 -
Share gains and double-digit earnings growth. Soft margin in Willys overshadowed by all other segments. Estimates up by 3%, BUY, TP of SEK 295 (285).