Klas Balkow - Axfood AB President CEO

AXFOYDelisted Stock  USD 25.22  0.00  0.00%   

CEO

Mr. Klas Balkow was appointed President and Chief Executive Officer at Axfood Aktiebolag, effective as of March 16, 2017. He is coopted Member of the Compensation Committee. Klas Balkow has previously been President and CEO of Clas Ohlson since 2007. He is also former CEO of Aximage . He also held executive positions with Bredbandsbolaget and Procter Gamble, both in the Nordic countries and the USA. He is Vice Chairman of Swedish Trade Federation and Director of Confederation of Swedish Enterprise, as well as Chairman of Swedish Food Retailers Federation. since 2017.
Age 58
Tenure 7 years
Phone46 8 55 39 90 00
Webhttps://www.axfood.se

Axfood AB Management Efficiency

The company has return on total asset (ROA) of 0.0756 % which means that it generated a profit of $0.0756 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.3925 %, meaning that it generated $0.3925 on every $100 dollars invested by stockholders. Axfood AB's management efficiency ratios could be used to measure how well Axfood AB manages its routine affairs as well as how well it operates its assets and liabilities.
Axfood AB ADR has accumulated 59.79 M in total debt with debt to equity ratio (D/E) of 1.11, which is about average as compared to similar companies. Axfood AB ADR has a current ratio of 0.61, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Axfood AB until it has trouble settling it off, either with new capital or with free cash flow. So, Axfood AB's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Axfood AB ADR sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Axfood to invest in growth at high rates of return. When we think about Axfood AB's use of debt, we should always consider it together with cash and equity.

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Axfood AB engages in the food retail and wholesale businesses in Sweden. The company was founded in 1958 and is headquartered in Stockholm, Sweden. Axfood Ab is traded on OTC Exchange in the United States. Axfood AB ADR [AXFOY] is a Pink Sheet which is traded between brokers over the counter.

Management Performance

Axfood AB ADR Leadership Team

Elected by the shareholders, the Axfood AB's board of directors comprises two types of representatives: Axfood AB inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Axfood. The board's role is to monitor Axfood AB's management team and ensure that shareholders' interests are well served. Axfood AB's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Axfood AB's outside directors are responsible for providing unbiased perspectives on the board's policies.
Sara Westrell, Head of Corporate Communications
Klas Balkow, President CEO
Anders Lexmon, Chief Officer
sa Domeij, Head Sustainability
Catarina Forsgren, Head Accounting
Bengt Andersson, Head Devel
Larske Johansson, Head Establishment
Sandra Branstad, G Sec
Alexander Bergendorf, Head Relations
Monica Langbo, Head of Human Resources

Axfood Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right pink sheet is not an easy task. Is Axfood AB a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

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Other Consideration for investing in Axfood Pink Sheet

If you are still planning to invest in Axfood AB ADR check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Axfood AB's history and understand the potential risks before investing.
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