Axfood — Earnings Release 2009

Feb 2, 2010

Axfood's sales for December 2009

Net sales for Group-owned stores rose 0.5 % in December, with a 0.6 % increase in like-for-like sales. Axfood's stores (Group-owned and Hemköp franchises) posted a 0.4 % increase in sales, with a 0.7 % increase in like-for-like sales.

During the period January–December 2009, sales for Group-owned stores rose 2.5 %, with a 0.9 % increase in like-for-like sales. Axfood's stores (Group-owned and Hemköp franchises) posted a 2.1 % increase in sales, with a 0.8 % increase in like-for-like sales.

Hemköp's like-for-like sales (Group-owned and franchises) increased by 0.3 % during the month. Accumulated sales decreased by 1.2 %. Sales for Group-owned like-for-like stores decreased by 0.6 % during the month. Accumulated sales decreased by 2.7 %.

Willys' like-for-like sales were at the same level as last year during the month. Accumulated sales rose 1.7 %.

PrisXtra's like-for-like sales decreased by 7.6 % during the month. Accumulated sales decreased by 9.4 %.

	Dec. 2009	Dec. 2008	Change	Jan. - Dec. 2009	Jan. - Dec. 2008	Change
	SEK m	SEK m	%	SEK m	SEK m	%
Hemköp	493	536	-8.0%	5,335	5,640	-5.4%
Willys	1,609	1,549	3.9%	17,589	16,776	4.8%
PrisXtra *	64	70	-8.6%	725	653	11.0%
Dagab 1)	2,152	2,057	4.6%	24,052	23,424	2.7%
Axfood Närlivs 2)	466	461	1.1%	5,571	5,662	-1.6%
Other 3)	339	202	67.8%	3,364	1,981	69.8%
Internal net sales 4)	-2,103	-1,998	5.3%	-24,258	-22,473	7.9%
Total	3,020	2,877	5.0%	-32,378	31,663	2.3%
Of which, distributed sales
1) Dagab	1,467	1,360	7.9%	16,229	15,327	5.9%
2) Axfood Närlivs	399	369	8.1%	4,737	4,566	3.7%

Sales per business unit are broken down as follows:

3) Includes support companies and joint-Group functions. The deviation compared to previous year is due to extended fresh food operations. This effect is mainly eliminated under internal sales.

4) Of which, Dagab SEK 1,805 m (1,807) for September and SEK 21,049 m (20,625) for January-September.

* PrisXtra's sales are consolidated in the Axfood Group as per 1 February 2008.

Definite figures are presented quarterly on www.axfood.com under the headline Investors. Sales figures will be published 20 April (Q1), 15 July (Q2), 26 October (Q3).

For further information, please contact:

Anne Rhenman, Head of IR, Axfood AB, +46-70-280 64 59 Karin Hygrell-Jonsson, CFO, Axfood AB, +46-706-62 69 70

Axfood AB conducts food retail and wholesale trade in Sweden. The Group's retail operations are conducted through the wholly owned Willys, Hemköp and PrisXtra chains, comprising 225 stores in all. In addition, Axfood collaborates with a large 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 some 840 proprietor-run stores. Wholesale business is conducted via 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.