Year-End Report, Axfood AB (publ.) 1 January–31 December 2005

Spar Finland is reported as a discontinued operation on a separate line in the profit and loss account, and thus the figures below pertain to continuing operations. • Axfood's consolidated sales amounted to SEK 28,086 m (28,658) in 2005, a decrease of 2.0%. Consolidated sales during the fourth quarter totalled SEK 7,305 m (7,233), an increase of 1.0%. • Retail sales for Axfood's wholly owned stores rose 4.8% for the year. Same-store sales decreased by 2.3%. • Operating profit for the year was SEK 1,040 m (1,126). Operating profit for the fourth quarter was SEK 215 m (287). • Profit after financial items was SEK 1,026 m for the year (1,096). Profit for the fourth quarter was SEK 212 m (282). • Profit after tax was SEK 729 m (786) for the year. Earnings per share were SEK 13.37 (14.67). • The Board of Directors proposes a dividend of SEK 9 per share (6.50) based on profit for the year, plus an extra dividend of SEK 6 per share (4.50), to adapt shareholders' equity. • Profit for 2006 is expected to be level with 2005.

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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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