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Always long-term always impatient

Axel Johnson is a leading Swedish family-owned business, undergoing rapid transformation. We build and develop strong and long-term businesses that contribute to addressing societal challenges in areas such as food, energy, health, and industry. Through our companies, we meet over one and a half million customers every day, and together, we aim to be a positive force for change.

With a history of 150 years, Axel Johnson is currently led by the fifth generation. The key to our success has always been innovation. That's why we set a clear target in 2015 – in ten years, 50 percent of what we do should be things that we don't do today, and with 50 percent lower climate impact.

Our companies

Axel Johnson International

Axel Johnson International is an industrial group that acquires and develops companies in strategically selected niche markets.

Net sales 2024

20,090 MSEK

ProfitAX 2024

1,609 MSEK

Companies

200+

Employees

≈ 6000

Ownership

100 %

Markets

35

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Axfood

Axfood is a leading retail group in the Swedish food retail market with several successful food concepts.

Net sales 2024

84,057 MSEK

ProfitAX 2024

3,028 MSEK

Companies

12

Employees

≈ 13 700

Ownership

50,1%

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Dustin

Dustin is a leading online-based IT partner with operations in the Nordic and Benelux regions.

Net sales 23/24

21,482 MSEK

ProfitAX 23/24

117 MSEK

Companies

13

Employees

≈ 2 350

Ownership

50.1 %

Markets

6

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Martin & Servera

Martin & Servera is Sweden's leading restaurant wholesaler, delivering beverages, food, equipment, services, and expertise to restaurants and large kitchens.

Net sales 2024

19,904 MSEK

ProfitAX 2023

314 MSEK

Companies

17

Employees

≈ 3 350

Ownership

100 %

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Novax

Novax is a sector-focused, active and long-term ownership partner that invests in small and medium-sized growth companies.

Net sales 2024 excl AxSol

3,161 MSEK

ProfitAX 2024

-274 MSEK

Companies

40+

Markets

10

Ownership

100 %

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News

3/20/2025

Klas Balkow Joins Axel Johnson's Board of Directors

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.

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3/14/2025

Axel Johnson’s year-end report 2024

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. While focus was largely on efficiency and cost control, important steps were taken to strengthen market positions, with among other things, the acquisition of the hypermarket chain City Gross and 18 acquisitions within Axel Johnson International.

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1/20/2025

Caroline Berg Appointed CEO of Axel Johnson

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.

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