Axfood´s sales January-March 2002

Consolidated net sales (excluding VAT) for the month of March totalled SEK 2,884 m (2,751), an increase of 4.8% compared with the same period a year ago.

Net sales for the period January-March 2002 totalled SEK 7,990 m
(7,595), an increase of 5.2%. For stores owned by the Group, the
increase was 15.0% in Sweden, of which same stores accounted for 6.7%.
Of total sales, the Swedish operations accounted for SEK 6,690 m (6,292)
and Spar Finland for SEK 1,300 m (1,303).

Hemköp grew its sales by 0.7%. The decrease for same stores was 1.0%.
Willys grew its sales by 33.4%, of which same stores accounted for 15.0
percentage points.
Willys Hemma´s sales were on the same level as previous year. The
decrease for same stores was 4.2%.
Spar Finland´s sales fell by 0.1% and in local currency a decrease by
2.2%. For comparable stores owned by the Group the decrease was 2.0%.

Sales per business operation are broken down as follows:


Jan-March Jan-March 2002 2001 Change SEK m. SEK m. %Hemköp 1,607 1,596 0.7%Willy's 1,938 1,453 33.4%Willy's Hemma 252 252 0.0%Spar Finland 1,300 1,303 -0.2%Axfood wholesaling 4,843 4,196 15.4%Other1) 494 552 -10.5%Internal sales -2,444 -1,757 39.1%Total 7,990 7,595 5.2%

1) Includes Axfood Direkt, Axfood Franchise, support companies and joint-
Group functions.

Preliminary sales figures will be presented on the following dates:

April 7th May
May 6th June
June 1st August (Interim report)
August 5th September
September 23rd October (Quarterly report)
October 6th November
November 5th December