Interim Report Axfood AB (publ)

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- Axfood's consolidated sales for the period July–September totalled SEK 8,582 m (8,049), an increase of 6.6%.

- Retail sales for Group-owned stores rose 2.7% during the period. Like-for-like sales rose 0.3%.

- Operating profit for the period was SEK 364 m (335).

- Profit after financial items for the period was SEK 357 m (325).

- Profit after tax for the period was SEK 262 m (240), and earnings per share were SEK 5.00 (4.57).

- A new, two-year cooperation agreement was signed between Axfood Närlivs and Preem.

- Axfood's goal for 2010 is to achieve an operating profit at least at the same level as in 2009.

For further information, please contact:
Anders Strålman, President and CEO, mobile +46-70-293 16 93.
Karin Hygrell-Jonsson, CFO, mobile +46-70-662 69 70.
Anne Rhenman-Eklund, Head of Corporate Communications, +46-8-553 998 13, mobile +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.