Axfood's sales January-November 2003

Axfood's sales January-November 2003 Net sales* (excluding VAT) for stores in Sweden owned by the Group, increased by 8.4% for the month of November, of which same-stores remained unchanged from the year before. Consolidated net sales for November totalled SEK 2,659 m (2,746), a decrease by 3,2% compared with the same period a year ago. Under the period January-November 2003 the increase was 13.8% for stores in Sweden owned by the Group, of which same stores increased by 3.3%. Consolidated net sales totalled SEK 30,522 m (30,127), an increase of 1.3%. Of total sales, the Swedish operations accounted for SEK 25,798 m (25,046) and Spar Finland for SEK 4,724 m (5,081). Hemköp's sales decreased by 6.6% during the month, of which same-stores decreased by 3.0%. Accumulated sales decreased by 3.4%, of which same stores increased by 1.7%. Willys grew its sales by 19.7% during the month, of which same stores increased by 2.4%. Accumulated sales increased by 25.9%, of which same stores increased by 3.7%. Willys hemma grew its sales by 5.8% during the month, of which same-stores decreased by 1.9%. Accumulated sales increased by 19.9%, of which same stores decreased by 0.1%. Spar Finland's sales decreased by 10.2% and in local currency a decrease by 8.0%. Accumulated sales fell by 7.0%, and in local currency a decrease by 6.6%. For stores owned by the Group the decrease in local currency was 5.8%, of which same stores decreased by 5.2%. For stores owned by the Group accumulated sales in local currency decreased by 7.6% of which same stores decreased by 7.6%. Axfood AB is one of the largest listed food wholesale and retail companies in the Nordic market. The company conducts retail trading through the wholly owned store chains Hemköp, Willys and Willys hemma, and wholesale trading through Dagab and Axfood Närlivs. In addition, Axfood cooperates with a large number of independent grocers tied to Axfood through franchise or other agreements. In all the Group comprises approximately 500 stores in Sweden, of which 220 are wholly or partly owned. Consolidated annual sales are approximately SEK 33 billion, with approximately 8,300 full-time employees. Axfood has some 290 stores in Finland, of which 80 are wholly owned and the remainder are operated by independent grocers. The market share is 18% in Sweden and approximately 8% in Finland. Axfood AB is listed on the O-list of the Stockholm Stock Exchange among the Attract 40 shares. Axel Johnson AB is the principal owner, with approximately 45% of the shares. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/12/03/20031203BIT20070/wkr0005.pdf The complete report

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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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