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.
The Board of Directors of Axel Johnson has appointed Thomas Ekman as the new CEO, effective September 7, 2023. He is currently CEO of Dustin Group and will succeed Mia Brunell Livfors, who has been CEO of Axel Johnson since 2015. Following the transition, Mia Brunell Livfors will continue to be part of the Axel Johnson Group as a board member and advisor.
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.
Björn Annwall, CFO of Volvo Cars, has been appointed to the board of Axel Johnson AB.
Axel Johnson’s fintech startup Humla develops financial services for the future of retail. Humla is now entering into a strategic partnership with Swedish bank SEB’s innovation studio SEBx to develop services based on the bank’s new platform for Banking as a Service.
2021 was the strongest year in Axel Johnson’s history. The industrial group Axel Johnson International and Axfood recorded record results, and major investments were made in the form of both acquisitions and physical infrastructure, particularly in highly automated warehouses. Axel Johnson’s turnover amounted to SEK 94.7 billion (86.9) and our profitAX to SEK 3,669 million (2,754).
Axel Johnson's group companies have signed agreements with the solar energy company Alight, which means that a total of three solar parks with a total annual production of more than 90 Gigawatt hours (GWh) will be built. This means more than a doubling compared with Sweden's currently established solar parks.
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.
Axel Johnson becomes full owner of skin care company Skincity after acquiring the 18 percent ownership share from founders Mikael Kjellman and Annica Forsgren Kjellman.
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
Axel Johnson is a leading family business in rapid renewal, focusing on the group's 10/50/50 target. The group companies currently consist of wholly-owned Axel Johnson International, AxSol, Martin & Servera, and Novax, as well as the partially owned publicly listed Axfood (ownership stake 50.1%) and Dustin (ownership stake 50.1%). In 2023, Axel Johnson's net turnover amounted to approximately 127 billion Swedish kronor, and the group companies collectively employ around 25,000 people. Axel Johnson is a family business run by the fifth generation and is owned by Antonia Ax:son Johnson and her family.
