Axfood´s sales January-September 2002

Axfood´s sales January-September 2002 Consolidated net sales* (excluding VAT) for the month of September totalled SEK 2,638 m (2,551), an increase of 3.4% compared with the same period a year ago. For stores in Sweden owned by the Group, the increase was 9.6% for the month, of which same stores accounted for 3.3%. For stores in Finland owned by the Group the decrease in local currency was 1.2% during the month, of which same stores decreased by 2.4%. Net sales for the period January-September 2002 totalled SEK 24,535 m (23,872), an increase of 2.8%. For stores owned by the Group, the increase was 10.3% in Sweden, of which same stores accounted for 3.8%. Of total sales, the Swedish operations accounted for SEK 20,346 m (19,639) and Spar Finland for SEK 4,189 m (4,233). Hemköp´s sales fell by 2.2%. The decrease for same stores was 2.2%. Willys grew its sales by 22.4%, of which same stores accounted for 8.0 percentage points. Willys Hemma grew its sales by 8.7%. The decrease for same stores was 8.1%. Spar Finland´s sales fell by 1.0% and in local currency a decrease by 1.1%. For comparable stores owned by the Group the decrease was 1.0%. Sales per business operation are broken down as follows: Jan-Sept Jan-Sept 2002 2001 Change SEK m. SEK m. % Hemköp 4,639 4,741 -2.2% Willy's 6,136 5,014 22.4% Willy's Hemma 796 732 8.7% Spar Finland 4,189 4,233 -1,0% Dagab 1) 13,024 10,766 21.0% Axfood Närlivs 3,558 3,428 3.8% Other 2) 1,539 1,735 -11.3% Internal sales 3) -9,346 -6,777 37.9% Total 24,535 23,872 2.8% 1) Of which direct distribution SEK 2,807 m (1,566). 2) Includes Axfood Franchise, Axfood Private Label, support companies and joint-Group functions. 3) Of which Dagab SEK 8,269 m (5,877). * 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: October 6th November November 5th December 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, Corporate Communications, 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/2002/10/23/20021023BIT01260/wkr0001.doc http://www.waymaker.net/bitonline/2002/10/23/20021023BIT01260/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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