Interim Report Jan-Sept 2003

Interim Report, Axfood AB (publ.) 1 January-30 September 2003 · Retail sales for Axfood's wholly owned businesses in Sweden rose 14.5% during the first three quarters of the year, with same-store sales rising 3.7%. Axfood's consolidated sales during the period amounted to SEK 24,972 m (24,535), an increase of 1.8 %. · Continued positive development for Willys, the wholesale business, private label products and central purchasing. · Operating profit for the period January-September was SEK 760 m (752). Operating profit includes a capital gain of SEK 110 m on the sale of real estate (25). Operating profit for the third quarter was SEK 242 m (302). · Axfood's financial position has been further strengthened. Interest-bearing net debt has decreased from SEK 1,349 m to SEK 561 m. · Profit after tax was SEK 494 m (437). Earnings per share were SEK 9.28 (8.22). For further information, please contact: Mats Jansson, President and CEO, +46-8-553 998 10, mobile +46-70-569 48 11. Lars Nilsson, Executive Vice President and CFO, +46-8-553 998 11, mobile +46-70-569 66 33. Bodil Eriksson, Executive Vice President, Corporate Communications and Investor Relations, +46-8-553 998 17, mobile +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/2003/10/22/20031022BIT00750/wkr0001.doc The full report http://www.waymaker.net/bitonline/2003/10/22/20031022BIT00750/wkr0002.pdf The full report

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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