2020 was an exceptional year for all of Axel Johnson’s operations. Axel Johnson’s sales amounted to SEK 86.9 (88.2) billion, and our profitAX was SEK 2,754 (3,400) million, while cash flow after investments was stronger at SEK 2,016 (20) million, which provides a continued solid financial platform and plenty of scope for renewal.
Sara Öhrvall will start after the summer as the new COO and member of group management at Axel Johnson. She is expected to take over after the summer. She comes most recently from SEB, where she is currently Chief Transformation Officer.
Through Axsol, Axel Johnson invests in Svea Solar, the market leading B2C player in solar energy in the Swedish market.
Svea Solar was founded in 2013 by Erik Martinson and Björn Lind, before Nolan Gray joined in 2015. In 2018, the company had sales of 244 million, and in 2019 sales nearly doubled. Svea Solar has a unique position in the Swedish market, with nationwide geographical presence and
Hedvig, the Stockholm-based digital insurer has raised 100 million SEK in a Series A funding to bring their digital insurance service, with a radically different business model and people-first approach, to the masses.
The round was led by San-Francisco based Obvious Ventures which was founded by Twitter co-founder Ev Williams, James Joaquin and Vishal Vasishth and whose #worldpositive investme
Another good year for Axel Johnson
2018 was a good year for Axel Johnson. The Group’s total sales amounted to SEK 82,354 million (77,174), an increase of 7 percent. ProfitAX for the year amounted to SEK 3,021 million (3,020) on par with the previous year’s operating profit (SEK 3,020 million), however the previous year’s earnings included a capital gain of SEK 255 million following the sale of
Jonas Samuelson, President and CEO of Electrolux, has today been named to Axel Johnson's Board of Directors. Jonas has been with Electrolux since 2008 and is President and CEO since 2016. He has extensive experience of multinational industrial companies, including SAAB Automobile and General Motors.
"We are very pleased that Jonas has chosen to join the board. We especially appreciate Jonas' kn
To strengthen the position within a growing beauty market, Axel Johnson is now creating a whole new unit, Axbeautyhouse, which will be responsible for beauty purchases for the group companies Åhléns and KICKS.
Axel Johnson already owns several companies within the beauty market. By bringing together the purchasing departments for beauty in Åhléns and KICKS under a whole new unit, Axbeautyhouse,
Stina Andersson, current Strategy and Business Development Manager at Tele2, will be new Chief Operating Officer at Axel Johnson. The role is new and will form part of Group Management. Stina is expected to take office in early 2019.
Stina is currently Strategy and Business Development Manager and responsible for IoT at Tele2. She was previously Investment Director and Strategic Manager of Inve
Axel Johnson becomes main partner to The Global Village, the non-profit association behind Järvaveckan – a meeting place for politicians, citizens, trade and industry to talk about integration, diversity, social sustainability and gender equality. In total, Axel Johnson donates up to SEK 4.5 million over a period of three years to The Global Village or a foundation formed by The Global Village.
Axel Johnson International continue to strenghten their position as a market leading industrial group and has carried out five acquisitions in the past three months.
When the results of this year’s edition of Axlab was recently presented, the winning idea was named Prisninja, presented by Valentin Romanov from Axfood.
Anna Ryott, Vice President of Norrsken Foundation, and Tomas Franzén, CEO of Bonnier, has today been appointed new members of the Axel Johnson Board.
D-Ax, Axel Johnson's arm for investment in startup companies, becomes partner in Matsmart. Matsmart (www.matsmart.se) is an e-commerce business selling food and other groceries that in many cases would otherwise have been thrown out. The reasons vary, but it often depends on packaging changes, seasonal items, as well as short or passed best-before dates.
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.
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.