Interim Report Axfood AB (publ) for the period 1 January–31 March 2008

• Axfood's consolidated sales amounted to SEK 7,495 m (6,943) during the period, an increase of 8.0%.

• Like-for-like sales rose 6.0% during the period. Retail sales for Group-owned stores increased by 8.6%.

• Operating profit for the period January–March was SEK 240 m (258). Operating profit for the same period a year ago included a one-time positive effect of SEK 19 m.

• Profit after financial items for the period was SEK 226 m (253).

• Profit after tax for the period was SEK 163 m (182), and earnings per share were SEK 3.10 (3.47).

• Axfood expects operating profit for 2008 to be level with 2007.