Axfood's Sales, Jan.-Dec. 2002


STOCKHOLM, Sweden, Feb. 6, 2003 (PRIMEZONE) -- Axfood (Stockholm:AXFO):

For stores in Sweden owned by the Group, the increase was 4.9% for the month of December, of which same stores accounted for 1.7%. Consolidated net sales (excluding VAT) for the month totalled SEK 2,988 m (2,959), an increase of 1.0% compared with the same period a year ago.

Under the period January-December the increase was 9.6% for stores in Sweden owned by the Group, of which same stores accounted for 3.4%. Consolidated net sales totalled SEK 33,115 m (32,428), an increase of 2.1%. Of total sales, the Swedish operations accounted for SEK 27,578 m (26,745) and Spar Finland for SEK 5,537 m (5,683).

Hemkop's sales fell by 8,9% during the month, of which same stores decreased by 1.0%. Accumulated sales decreased by 3.0%, of which same stores decreased by 1.6%. Willys grew its sales by 17.4% during the month, of which same stores increased by 3.6%. Accumulated sales increased by 21.0% of which same stores increased by 6.6%. Willys Hemma grew its sales by 21.2% during the month, of which same stores decreased by 11.0%. Accumulated sales increased by 12.9%, of which same stores decreased by 8.4%. Spar Finland's accumulated sales fell by 2.6% and in local currency a decrease by 1.6%. For stores owned by the Group the decrease (in local currency) was 5.4% during the month, of which same stores decreased by 6.4%. For stores owned by the Group the decrease in local currency was 2.2% for the period January-December, of which same stores decreased by 1.6%.

Sales per business operation are broken down as follows:


                   Jan-Dec Jan-Dec  Change
                      2002    2001        
                    SEK m.  SEK m.       %
 Hemkop              6,341   6,536   -3.0%
 Willys              8,398   6,943   21.0%
 Willys Hemma        1,108     981   12.9%
 Spar Finland        5,537   5,683   -2.6%
 Dagab 1)           17,906  15,054   18.9%
 Axfood Narlivs      4,713   4,618    2.1%
 Other 2)            2,118   2,329   -9.1%
 Internal sales 3) -13,006  -9,716   33.9%
 Total              33,115  32,428    2.1%

 1) Of which direct distribution SEK 3,898 m (2,264).
 2) Includes Axfood Franchise, Axfood Private Label, support companies
    and joint-Group functions.
 3) Of which Dagab SEK 11,502 m (8,439).

Preliminary sales figures will be presented on the following dates: Feb. 5/3, March 23/4 (quarterly report), April 6/5, May 4/6, June 23/7 (interim report), July 5/8, August 3/9, Sept. 22/10 (quarterly report), Oct. 5/11, Nov. 3/12.

For further information, please contact:


 Lars Nilsson, Executive Vice President and CFO
 tel. +46-8-553 998 11, +46-70-569 66 33

 Bodil Eriksson, Executive Vice President, Corporate Comms
 tel. +46-8- 553 998 17, +46-70-629 66 34

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 www.waymaker.net/bitonline/2003/02/06/20030206BIT00940/wkr0001.doc
 www.waymaker.net/bitonline/2003/02/06/20030206BIT00940/wkr0002.pdf