Interim Report Axfood AB - 1 January-30 June 2011

- Axfood's consolidated sales for the period April–June totalled SEK 8,889 m (8,583), an increase of 3.6%.

- Retail sales for Group-owned stores rose 1.3% during the period. Like-for-like sales rose 0.5%.

- Operating profit for the period was SEK 317 m (279).

- Profit after financial items for the period was SEK 307 m (270).

- Profit after tax for the period was SEK 226 m (199), and earnings per share were SEK 4.30 (3.79).

- Axfood's goal for 2011 is to achieve an operating profit at least at the same level as in 2010.

- Hemköp will be expanded by approximately 50 stores as a result of agreements with        Vi retailers.

- Axfood Närlivs signed a renewed agreement with OKQ8.

- Hans Holmstedt was appointed as acting Purchasing Director for Axfood.

For further information, please contact:
Anders Strålman, President and CEO, +46-70-293 16 93
Karin Hygrell-Jonsson, CFO Axfood AB, +46 70-662 69 70
Anne Rhenman-Eklund, Head of Corporate CommunicationsAxfood AB, +46 70-280 64 59

Axfood AB conducts food retail and wholesale business in Sweden. Retail business is conducted through the wholly owned store chains Willys, Hemköp and PrisXtra, comprising 230 stores in all. In addition, Axfood collaborates with a number of proprietor-run stores that are tied to Axfood through agreements. These include stores within the Hemköp and Willys chains as well as stores run under the Handlar’n and Tempo profiles. In all, Axfood collaborates with approximately 840 proprietor-run stores. Wholesaling is conducted through Dagab and Axfood Närlivs. Axfood is listed on Nasdaq OMX Stockholm AB's Large Cap list. Axel Johnson AB is the principal owner, with approximately 46% of the shares.