INTERIM REPORT AXFOOD AB 1 JANUARY – 30 SEPTEMBER 2015

Third quarter summary

  ·
Axfood’s consolidated sales for the period July–September totalled SEK 10,412 m
(9,756), an increase of 6.7%.

  ·
Retail sales for Group-owned stores increased by 6.2% during the period. Like
-for-like sales increased by 4.4% during the period.

  ·
Operating profit for the period was SEK 552 m (453).

  ·
Profit after financial items was SEK 551 m (448) for the period.

  ·
Profit after tax totalled SEK 430 m (349) for the period, and earnings per share
were
SEK 2.05 (1.66).

  ·
The previous earnings target has been replaced with a forecast for 2015 of an
operating profit of around SEK 1,700 m.

For further information, please contact:

Anders Strålman, President and CEO, Axfood AB, +46-70-293 16 93

Karin Hygrell-Jonsson, CFO, Axfood AB, +46-70-662 69 70

Cecilia Ketels, Head of Investor Relations, Axfood AB, +46-72-23 606 43
Axfood AB conducts food retail and wholesale business in Sweden. Retail business
is conducted through the wholly owned store chains Willys and Hemköp, comprising
257 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 chain as well as stores run under the Handlar’n and
Tempo brands. In all, Axfood collaborates with approximately 820 proprietor-run
stores. B2B sales are conducted through Axfood Närlivs and the wholly owned
Axfood Snabbgross chain. Wholesaling is conducted through Axfood Sverige. Axfood
is listed on Nasdaq Stockholm AB’s Large Cap list. Axel Johnson AB is the
principal owner, with 50.1% of the shares.