Interim Report Axfood AB (publ) for the period 1 January-31 March 2010

Interim Report Axfood AB (publ) for the period 1 January-31 March 2010

- Axfood's consolidated sales for the period amounted to SEK 8,210 m (7,682),
an increase of 6.9%.

- Retail sales for Group-owned stores rose 3.4% during the period. Like-for-like
sales rose 2.4%.

- Operating profit for the period January-March was SEK 245 m (234).

- Profit after financial items for the period was SEK 235 m (221).

- Profit after tax for the period was SEK 174 m (163), and earnings per share
were SEK 3.31 (3.10).

- Axfood's goal for 2010 is to achieve an operating profit at least, in level
with 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 225 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.