Interim Report, Axfood AB

Interim Report, Axfood AB (publ.) for the period 1 January – 30 June 2005

• Profit after tax was SEK 349 m (356). Earnings per share were SEK 6.41 (6.65). • Axfood’s consolidated sales during the first half of 2005 amounted to SEK 16,108 m (16,846), a decrease of 4.4%. Retail sales for Axfood’s wholly owned stores in Sweden rose 3.3%, with a 3.0% decrease in same-store sales. Retail sales for wholly owned stores in Spar Finland decreased by 0.6% in local currency, with an 8.1% drop in same-store sales. Axfood’s consolidated sales during the second quarter amounted to SEK 8,315 m (8,678), a decrease if 4.2%. • Operating profit for the first half of the year was SEK 497 m (511). Operating profit for the second quarter was SEK 266 m (296).