Axfood's sales January-July 2002

Consolidated net sales* (excluding VAT) for the month of July totalled SEK 2,803 m (2,726), an increase of 2.8% compared with the same period a year ago. For stores owned by the Group, the increase was 11.6% for the month.

Net sales for the period January-July 2002 totalled SEK 19,000 m (18,464), an
increase of 2.9%. For stores owned by the Group, the increase was 10.6% in
Sweden, of which same stores accounted for 3.9%.
Of total sales, the Swedish operations accounted for SEK 15,736 m (15,190) and
Spar Finland for SEK 3,264 m (3,274).

Hemköp´s sales fell by 2.0%. The decrease for same stores was 2.0%.
Willys grew its sales by 23.8%, of which same stores accounted for 8.5
percentage points.
Willys Hemma grew its sales by 5.1%. The decrease for same stores was 7.5%.
Spar Finland´s sales fell by 0.3% and in local currency a decrease by 1.2%. For
comparable stores owned by the Group the decrease was 1.2%.

Sales per business operation are broken down as follows:

Jan-July Jan-July 2002 2001 Change SEK m. SEK m. %Hemköp 3,634 3,709 -2.0%Willy's 4,675 3,775 23.8%Willy's Hemma 600 571 5.1%Spar Finland 3,264 3,274 -0.3%Dagab 1) 10,045 8,193 22.6%Axfood Närlivs 2,739 2,642 3.7%Other 2) 1,175 1,344 -12.6%Internal sales 3) -7,132 -5,044 41.4%Total 19,000 18,464 2.9%

1) Of which direct distribution SEK 2,144 m (1,128).
2) Includes Axfood Direkt, Axfood Franchise, support companies and joint-
Group functions.
3) Of which Dagab SEK 6.319 m (4.401).

*) The figures are preliminary, definite figures will currently be presented at
under Financial

Preliminary sales figures will be presented on the following dates:
August 5th September
September 23rd October (Quarterly report)
October 6th November
November 5th December

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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