Axfood's sales January-November 2002

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For stores in Sweden owned by the Group, the increase was 6.8% for the month, of
which same stores accounted for 2.1%. Consolidated net sales* (excluding VAT)
for the month of November totalled SEK 2,730 m (2,773), a decrease of 1.6%
compared with the same period a year ago.

Net sales for the period January-November 2002 totalled SEK 30,111 m (29,402),
an increase of 2.4%. For stores owned by the Group, the increase was 10.1% in
Sweden, of which same stores accounted for 3.7%.
Of total sales, the Swedish operations accounted for SEK 25,038 m (24,216) and
Spar Finland for SEK 5,073 m (5,186).

Hemköp's sales fell by 5.2% during the month, of which same stores increased by
0.4%. Accumulated sales decreased by 2.3%, of which same stores decreased
1.7%.
Willys grew its sales by 14.9% during the month, of which same stores increased
by 2.6%. Accumulated sales increased by 21.3% of which same stores increased by
7.1%.
Willys Hemma grew its sales by 26.8% during the month, of which same stores
decreased by 10.1%. Accumulated sales increased by 12.3%, of which same stores
decreased by 8.2%.
Spar Finland's accumulated sales fell by 2.2% and in local currency a decrease
by 1.5%. For comparable stores owned by the Group the decrease (in local
currency) was 2.2% during November, of which same stores decreased by 4.1%. For
stores owned by the Group the decrease in local currency was 1.9% for the period
January-November, of which same stores decreased by 1.3%.

Sales per business operation are broken down as follows:


Jan-Nov 2002 Jan-Nov 2001 Change SEK m. SEK m. %Hemköp 5,687 5,818 -2.3%Willys 7,595 6,259 21.3%Willys Hemma 1,006 896 12.3%Spar Finland 5,073 5,186 -2.2%Dagab 1) 16,251 13,681 18.8%Axfood Närlivs 4,334 4,239 2.2%Other 2) 1,918 2,159 -11.2%Internal sales 3) -11,753 -8,836** 33.0%Total 30,111 29,402 2.4%

1) Of which direct distribution SEK 3,487 m (2,044).
2) Includes Axfood Franchise, Axfood Private Label, support companies and
joint-Group functions.
3) Of which Dagab SEK 10,391 m (7,660).
* The figures are preliminary, definite figures will currently be presented at
http://www.axfood.se under
Financial Information.
** Internal sales for November 2001 is corrected with SEK -67 m

Preliminary sales figures will be presented on the following dates:

Dec & Jan 6/2 (quarterly report), Feb 5/3, March 23/4 (quarterly report), April
6/5, May 4/6, June 23/7 (interim report), July 5/8, August 3/9, Sept 23/10
(quarterly report), Oct 5/11, Nov 3/12


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