Axel Johnson has today acquired 70 percent of the shares in Skincity. With the acquisition, Axel Johnson widens its offering within beauty and strengthens its position within e-commerce. Skincity, which sells skin care products online, was founded in 2011 and has grown strongly and been profitable since its inception. The company will continue to operate independently.
Camilla Wideroth is appointed new CFO of Axel Johnson. Camilla has worked for the Group for eight years, first within Axel Johnson International and the last three and a half years at Axel Johnson AB as Head of Group Financial Control. Prior to that, Camilla worked for KPMG for 15 years, first as an accountant and subsequently as a consultant in connection with the introduction of IFRS.
Best earnings yet for Axel Johnson
2016 was the best year yet for Axel Johnson, with profits after net financial items of SEK 3.698 billion (2.165). Even after being adjusted for the sale of our share in the Mekonomen Group and other items affecting comparability, 2016 was the best year yet in Axel Johnson’s history with earnings1 of SEK 2.848 billion (2.543).
Net sales were SEK 72.327 billi
An agreement has been reached between Axel Johnson AB and LKQ Corporation (Nasdaq: LKQ) to sell shares in Mekonomen Group. LKQ Corporation acquires 26,5 percent of the shares in Mekonomen Group from Axel Johnson AB.
Today, May 12th 2016, Axel Johnson AB has through its wholly owned subsidiary AxMedia AB, acquired shares in Dustin Group AB ("Dustin") corresponding to 5 percent of the share capital and voting rights in the company. After the acquisition, Axel Johnson's total share capital and voting rights in the company amounts to 25 percent.
Kerem Yazgan starts on January 1, 2016, as Communications and Sustainability Manager at Axel Johnson.