Interim Report, Axfood AB (publ.) for the period 1 January–31 March 2006

Axfood's consolidated sales amounted to SEK 6,820 m (6,651) during the first three months of 2006, an increase of 2.5%. Retail sales for Axfood's wholly owned stores rose 5.5% during the period. Like-for-like sales decreased by 0.6%. Operating profit for the first quarter was SEK 226 m (242). The decrease is mainly due to the fact that Easter this year was during the second quarter. Profit after financial items was SEK 223 m (238) for the period. Profit after tax for the period was SEK 161 m (168). Earnings per share were SEK 2.96 (3.10).