Axfood´s sales Jan-July 2003

Axfood's sales January-July 2003 Net sales* (excluding VAT) for stores in Sweden owned by the Group, increased by 15.7% for the month of July, of which same-stores increased by 4.3 %. Consolidated net sales for July totalled SEK 2,894 m (2,804), an increase of 3.2% compared with the same period a year ago. Under the period January-July 2003 the increase was 14.8% for stores in Sweden owned by the Group, of which same stores increased by 3.8%. Consolidated net sales totalled SEK 19,394 m (19,001), an increase of 2.1%. Of total sales, the Swedish operations accounted for SEK 16.365 m (15,737) and Spar Finland for SEK 3,029m (3,264). Hemköp's sales decreased by 3.2% during the month, of which same-stores increased by 2.1%. Accumulated sales decreased by 3.9%, of which same stores increased by 1.4% Willys grew its sales by 28.9% during the month, of which same stores increased by 5.4%. Accumulated sales increased by 27.8%, of which same stores increased by 4.3%. Willys hemma grew its sales by 17.0% during the month, of which same stores increased by 1.1%. Accumulated sales increased by 25.8%, of which same stores decreased by 0.8% Spar Finland's sales decreased by 6.2% and in local currency a decrease by 5.7%. Accumulated sales fell by 7.2%, and in local currency a decrease by 7.1%. For stores owned by the Group the decrease (in local currency) was 9.4%, of which same stores decreased by 9.2%. For stores owned by the Group accumulated sales in local currency decreased by 9.2% of which same stores decreased by 9.2%. Sales per business operation are broken down as follows: Jan-July Jan-July Change 2003 2002 SEK m. SEK m. % Hemköp 3,493 3,634 -3.9% Willys 5,976 4,675 27.8% Willys hemma 755 600 25.8% Spar Finland 3,029 3,264 -7.2% Dagab 1) 10,530 10,045 4.8% Axfood Närlivs 2,802 2,739 2.3% Other 2) 1,045 1,176 -11.1% Internal sales 3) -8,236 -7,132 15.5% Total 19,394 19,001 2.1% 1) Of which direct distribution SEK 2,696 m (2,139). 2) Includes Spar Sverige AB, Axfood Private Label, support companies and joint- Group functions. 3) Of which Dagab SEK 7,421 m (6,319). * The figures are preliminary, definite figures will currently be presented at www.axfood.se under Financial Information. Preliminary sales figures will be presented on the following dates: August 3/9, Sept 22/10 (quarterly report), 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 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/08/05/20030805BIT00340/wkr0001.doc http://www.waymaker.net/bitonline/2003/08/05/20030805BIT00340/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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