Axfood's sales January-June 2003

Axfood's sales January-June 2003 Net sales* (excluding VAT) for stores in Sweden owned by the Group, increased by 17.4% for the month of June, of which same-stores increased by 6.5%. Consolidated net sales for June totalled SEK 2,848 m (2,688), an increase of 6.0% compared with the same period a year ago. Under the period January-June 2003 the increase was 14.6% for stores in Sweden owned by the Group, of which same stores increased by 3.7%. Consolidated net sales totalled SEK 16,500 m (16,197), an increase of 1.9%. Of total sales, the Swedish operations accounted for SEK 13,955 m (13,449) and Spar Finland for SEK 2,545 m (2,748). Hemköp's sales decreased by 2.2% during the month, of which same-stores increased by 3.0%. Accumulated sales decreased by 4.0%, of which same stores increased by 1.2% Willys grew its sales by 30.5% during the month, of which same stores increased by 8.1%. Accumulated sales increased by 27.6%, of which same stores increased by 4.1%. Willys hemma grew its sales by 26.7% during the month, of which same stores increased by 4.8%. Accumulated sales increased by 27.3%, of which same stores decreased by 1.2% Spar Finland's sales decreased by 9.2% and in local currency a decrease by 9.1%. Accumulated sales fell by 7.4%, and in local currency a decrease by 7.4%. For stores owned by the Group the decrease (in local currency) was 15.4%, of which same stores decreased by 15.9%. For stores owned by the Group accumulated sales in local currency decreased by 9.1% of which same stores decreased by 9.1%. Sales per business operation are broken down as follows: Jan-June Jan-June Change 2003 2002 SEK m. SEK m. % Hemköp 3,007 3,132 -4.0% Willys 5,058 3,963 27.6% Willys hemma 652 512 27.3% Spar Finland 2,545 2,748 -7.4% Dagab 1) 9,026 8,598 5.0% Axfood Närlivs 2,334 2,301 1.4% Other 2) 983 1,009 -2.6% Internal sales 3) -7,105 -6,066 17.1% Total 16,500 16,197 1.9% 1) Of which direct distribution SEK 2,292 m (1,801). 2) Includes Spar Sverige AB, Axfood Private Label, support companies and joint-Group functions. 3) Of which Dagab SEK 6,326 m (5,362). * 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: July 5/8, 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 Bodil Eriksson, Executive Vice President, Corp Comms, tel. +46-8-553 998 17, +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/2003/07/23/20030723BIT00320/wkr0001.doc http://www.waymaker.net/bitonline/2003/07/23/20030723BIT00320/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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