Interim Report, Axfood AB (publ.) for the period 1 January – 30 September 2002

· Consolidated sales amounted to SEK 24,535 m (23,872), an increase of 2.8 per cent.
Retail sales for Axfood’s wholly owned businesses in Sweden rose by 10.3 per cent.

· Operating profit for the period January – September totalled SEK 752 m (498).

· Operating profit for the third quarter was SEK 302 m (160), an increase of 89
percent compared with the third quarter a year ago. The Willys chain, Dagab and
Axfood Närlivs made the strongest earnings contributions.

· Profit after net financial items increased by SEK 267 m, to SEK 670 m (403).

· Axfood has acquired three stores in the Norrköping area. The stores have combined
annual sales of SEK 500 m and will be Willys stores.

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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