Axfood’s sales May 2005

Net sales* (excluding VAT) for stores in Sweden owned by the Group, increased by 4.7% for the month of May, of which same-stores decreased by 2.0%. Consolidated net sales totalled SEK 2,780 m (2,805), a decrease by 0.9% compared with the same period a year ago. Under the period January-May 2005 the increase was 3.1% for stores in Sweden owned by the Group, of which same-stores decreased by 3.1%. Consolidated net sales totalled SEK 13,243 m (13,870), a decrease of 4.5%. Of total sales, the Swedish operations accounted for SEK 11,266 m (11,747) and Spar Finland for SEK 1,977 m (2,123). Hemköp’s sales increased by 0,9% during the month, of which same-stores decreased by 5,5%. Accumulated sales decreased by 1.1%, of which same-stores decreased by 6.4%. Willys sales increased by 7.0% during the month, of which same-stores decreased by 0.4%. Accumulated sales increased by 5.9%, of which same-stores decreased by 1,3%. Willys hemma decreased its sales by 1.8% during the month, of which same-stores decreased by 9.9%. Accumulated sales decreased by 5.0%, of which same-stores decreased by 11.4%. Spar Finland’s sales decreased by 0.5% or by 1.3% in local currency during the month. Accumulated sales decreased by 6.9%, in local currency the sales decreased by 6.4% compared with the same period a year ago. For stores owned by the Group the increase in local currency was 4.9%, of which same-stores decreased by 5.1%. For stores owned by the Group accumulated sales in local currency decreased by 0.6% of which same-stores decreased by 8.2%.