Interim Report Axfood AB 1 January-30 June 2010

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- Axfood's consolidated sales for the period April–June totalled SEK 8,583 m (8,216), an increase of 4.5%.

- Retail sales for Group-owned stores rose 0.7% during the period. Like-for-like sales fell by 1.9%.

- Operating profit for the period was SEK 279 m (269).

- Profit after financial items for the period was SEK 270 m (258).

- Profit after tax for the period was SEK 199 m (190), and earnings per share were SEK 3.79 (3.63).

- Axfood Närlivs signed an agreement to acquire Reitan Servicehandel's cold storage distribution centre in Stockholm. Axfood will take over operations on 1 October 2010.

- 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, +46-70-293 16 93
Karin Hygrell-Jonsson, CFO Axfood AB, +46 70-662 69 70
Anne Rhenman-Eklund, IR manager Axfood 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.