Billion profit for the Swedish cooperative federation after sell-outs

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The Swedish Cooperative Federation, KF, reports a profit after tax of just over one billion SEK for 2015.

”It is gratifying that we can now show such good results of the hard work that has taken place in the unions, in the subsidiaries and KF,” says Tommy Ohlström, CEO of KF.

KF, the majority owner of Coop Sweden and the federation of 31 consumer cooperative societies across the country, reports for 2015 a continued positive trend with a positive result and an improved financial position.

KF has made a lot of strategic divestments, especially within properties, to focus on the food sector. 79 stores have been sold to consumer associations during the year and  Akademibokhandeln, Leo’s Lekland and Löplabbet are among the disposals. All business segments now show a positive result.

”With a profit of over one billion SEK KF stands strongly for the future. Together we have continued to maintain the cooperative basic idea and thus the consumer cooperative business model in Sweden.” says Tommy Ohlström.

KF year in brief                                                 2015                                    2014

Net sales                                     34 724 Mkr*                       37 753 Mkr

Operating profit                                         979 Mkr                              -184 Mkr

Profit after financial items               1 127 Mkr                           15 Mkr

Number of members                                    3 425 632                            3 392 473

Raised funds for We Effect

och Vi-Skogen                                         24 173 888 kr                     23 739 087 kr