Former Axfood CEO Klas Balkow is joining Axel Johnson’s Board of Directors following his election at the Annual General Meeting. With a solid background in retail and the food industry, including many years as CEO of Axfood, Klas Balkow will be a strong addition to the board.
The year 2024 can be summed up as a year of stable results in challenging markets. Sales amounted to SEK 144 (126.7) million and profitAX* to SEK 4.1 (4.4) billion. Our two largest group companies, Axfood and Axel Johnson International, managed to maintain their profit levels from their all-time high results of 2023.
The board of Axel Johnson has decided that Caroline Berg will continue as permanent CEO of the company after having served as interim CEO since November 2024. At the same time, Marie Ehrling, who has been vice chair of the board since 2015, will take over the role of chair of the board.
Axel Johnson announced today that Thomas Ekman and the board have agreed that Thomas will step down from his position as CEO of the company. Board Chair, Caroline Berg, will take on the role of interim CEO starting today, while a recruitment process to find a new CEO begins. Thomas Ekman will remain with the company until December 31, 2024, to ensure a smooth transition.
Axel Johnson sells KICKS Group after 21 years as owner. Matas is Denmark’s leading beauty chain, and the transaction creates Northern Europe's leading beauty constellation, which will strengthen Matas, KICKS and Skincity's respective customer offerings. Matas intends to continue developing KICKS and Skincity as separate brands.
The year 2022 ended as a new record year for Axel Johnson. Axfood, Martin & Servera and the industrial group Axel Johnson International all recorded their best earnings to date. At the same time, large investments were made through acquisitions and investments in physical infrastructure. Axel Johnson’s revenues amounted to SEK 118.2 (94.7) billion and profitAX to SEK 4.4 (3.669) billion.
After 34 years as owner, Axel Johnson is now selling Åhléns to an ownership constellation led by Ayad Al-Saffar, with the ambition to further strengthen, develop and expand Åhléns in the future.
AxSol, the solar energy group of Axel Johnson, has led the current financing round in Epishine, a solar cell company which has developed a pioneering, patented process for printing organic solar cells with industry-leading low-light efficiency.
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.
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
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