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FoodBridge Becomes Part of Novax's Future Food Focus Sector

In 2022, Axel Johnson launched the FoodBridge initiative to accelerate the transition to a more sustainable food system. FoodBridge invests in early-stage foodtech companies with the potential to create positive change and has served as a platform for collaboration and innovation between food companies both within and outside Axel Johnson.

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Axel Johnson Extends its Partnership with Järvaveckan until 2026: “More Important than Ever”

Axel Johnson extends its partnership with The Global Village/Järvaveckan until 2026. This year's Järvaveckan takes place from May 29 to June 1, and Axel Johnson is participating alongside companies from the group and partners from civil society.

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AxSol Becomes Part of Novax

Axel Johnson's solar energy company, AxSol, will become part of Axel Johnson's investment arm, Novax, starting in June. This integration establishes a new focus area for Novax's investments and business development—Energy—under the leadership of AxSol CEO Marie Strannegård. Based in solar energy, AxSol also encompasses service sectors that support the growth of renewable energy in various ways.

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Niclas Palmstierna new CEO at Novax

Niclas Palmstierna has been appointed as the new CEO of Novax, effective June, with the task of building future pillars for Axel Johnson. Niclas Palmstierna has a background that includes roles such as CEO of Tele2 Sweden and the dental care company Oral Care. Novax is the investment arm of Axel Johnson, tasked with building significant future pillars for the group, focusing on areas like Food of the Future, Preventive Health, and Technical Safety.

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Axel Johnson's ownership in Dustin exceeds 50 percent

Axel Johnson AB, through its wholly owned subsidiary AxMedia AB ("Axel Johnson"), has acquired 6.7 million shares in Dustin Group AB at an average price of SEK 13.50. This means that Axel Johnson's ownership now exceeds 50 percent, amounting to 50.1 percent.

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Axel Johnson’s year-end report 2023

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.

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