Interim Report Axfood AB - 1 Jan.-31 March 2011

Interim Report Axfood AB - 1 Jan.-31 March 2011

- Axfood's consolidated sales for the period January-March totalled SEK
8,257 m (8,210), an increase of 0.6%.

- Retail sales for Group-owned stores decreased by 0.4% during the
period. Like-for-like sales decreased by 2.4%.

- Operating profit for the period was SEK 241 m (245).

- Profit after financial items for the period was SEK 233 m (235).

- Profit after tax for the period was SEK 172 m (174), and earnings per
share were SEK 3.28 (3.31).

- Axfood's goal for 2011 is to achieve an operating profit at least at
the same level as in 2010.

For further information, please contact:
Anders Strålman, President and CEO, mobile +46-70-293 16 93.
Karin Hygrell-Jonsson, CFO, mobile +46-70-662 69 70.
Anne Rhenman-Eklund, Head of Corporate Communications, +46-8-553 998 13,
mobile +46-70-280 64 59.