The year 2023 can be summarized as yet another strong year for Axel Johnson. Revenue amounted to SEK 126.5 (118.2) billion and profitAX* to SEK 4.4 (4.4) billion. Over the past ten years, the Group’s revenue and profit have doubled, and the goal is for a repeat performance during the next decade.
Pernilla Oldmark joins as EVP People and Culture at Axel Johnson in mid-March, with the task of continuing to ensure that the group's companies are leading in talent development and are a strong force for increased diversity and inclusion in Swedish business industry.
Thomas Ekman takes up his role as CEO of Axel Johnson today, a transition that was announced in October 2022. Thomas most recently served as the CEO of Dustin Group, succeeding Mia Brunell Livfors, who has been CEO of Axel Johnson since 2015.
Axel Johnson announced at the end of June the sale of KICKS Group to the Danish company Matas. The deal has now been finalized. With this transaction, Matas, KICKS, and Skincity create Northern Europe's strongest beauty group.
Axel Johnson AB, through its wholly-owned subsidiary, AxMedia AB (”Axel Johnson”), on 29 June 2023 announced a mandatory public offer to the shareholders of Dustin Group AB (publ) (“Dustin”) to transfer all of their shares at a price of SEK 28.50 in cash per share (the “Offer”). The Swedish language offer document regarding the Offer has today been approved and registered by the Swedish Financial
The Offer is not being made, and this press release may not be distributed, directly or indirectly, in or into, nor will any tender of shares be accepted from or on behalf of shareholders in Australia, Hong Kong, Japan, New Zealand, the United States or South Africa, or any other jurisdiction in which the making of the Offer, the distribution of this press release or the acceptance of any tender o
Axel Johnson AB has today, through its wholly-owned subsidiary, AxMedia AB (”Axel Johnson”), acquired an additional 2,000,000 shares in Dustin Group AB (publ) (“Dustin”) and, thereafter, Axel Johnson owns in total 34,744,788 shares in Dustin, corresponding to 30.5 percent of the shares and votes in Dustin, compared to the previous 28.7 percent[1]. Thus, the threshold for making a mandatory public
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.
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.
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
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
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.
