Axfood´s sales jan-sept 2003

Axfood's sales January-September 2003 Net sales* (excluding VAT) for stores in Sweden owned by the Group, increased by 14.6% for the month of September, of which same-stores increased by 5.1 %. Consolidated net sales for September totalled SEK 2,741 m (2,638), a increase by 3.9% compared with the same period a year ago. Under the period January-September 2003 the increase was 14.5% for stores in Sweden owned by the Group, of which same stores increased by 3.7%. Consolidated net sales totalled SEK 24,972 m (24 535), an increase of 1.8%. Of total sales, the Swedish operations accounted for SEK 21,095 m (20,346) and Spar Finland for SEK 3,877 m (4,189). Hemköp's sales increased by 1.7% during the month, of which same-stores increased by 6.1%. Accumulated sales decreased by 3.3%, of which same stores increased by 1.9% Willys grew its sales by 23.7% during the month, of which same stores increased by 4.0%. Accumulated sales increased by 26.9%, of which same stores increased by 4.1%. Willys hemma grew its sales by 12.1% during the month, of which same stores increased by 3.5%. Accumulated sales increased by 23.0%, of which same stores decreased by 0.1% Spar Finland's sales decreased by 2.8% and in local currency a decrease by 2.3%. Accumulated sales fell by 7.4%, and in local currency a decrease by 7.3%. For stores owned by the Group the decrease (in local currency) was 2.6%, of which same stores decreased by 2.7%. For stores owned by the Group accumulated sales in local currency decreased by 9.0% of which same stores decreased by 8.9%. Sales per business operation are broken down as follows: Jan-Sept Jan-Sept Change 2003 2002 SEK m. SEK m. % Hemköp 4 484 4 639 -3,3% Willys 7 789 6 136 26,9% Willys hemma 979 796 23,0% Spar Finland 3 877 4 189 -7,4% Dagab 1) 13 614 13 024 4,5% Axfood Närlivs 3 602 3 558 1,2% Other 2) 1 177 1 539 -23,5% Internal sales 3) -10 550 -9 346 12,9% Total 24 972 24 535 1,8% 1) Of which direct distribution SEK 3,484 m (2,807). 2) Includes Spar Sverige AB, Axfood Private Label, support companies and joint-Group functions. 3) Of which Dagab SEK 9,652 m (8,269). * The figures are preliminary, definite figures will currently be presented at www.axfood.se under Financial info. Preliminary sales figures will be presented on the following dates: Oct 5/11, Nov 3/12 For further information, please contact: Lars Nilsson, Executive Vice President and CFO, tel. +46-8-553 998 11, +46-70-569 66 33 Bodil Eriksson, Executive Vice President, Corp Comms, tel. +46-8-553 998 17, +46-70-629 66 34 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/10/22/20031022BIT00820/wkr0001.doc http://www.waymaker.net/bitonline/2003/10/22/20031022BIT00820/wkr0002.pdf

About Us

Axfood AB conducts retail trade through the wholly owned store chains Hemköp, Willys and Willys hemma and wholesale trade through Dagab and Axfood Närlivs. In addition, Axfood collaborates with a number of proprietor-run stores that are tied to Axfood through agreements.

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