Interim Report Axfood AB 1 January-30 June 2012

SECOND QUARTER SUMMARY

- Axfood's consolidated sales for the period April–June totalled SEK 9,292 m
(8,889), an increase of 4.5%.

- Retail sales for Group-owned stores increased by 3.7% during the period.

- Like-for-like sales increased by 0.5%.

- Operating profit for the period was SEK 320 m (317).

- Profit after financial items was SEK 309 m (307) for the period.

- Profit after tax totalled SEK 226 m (226) for the period, and earnings per
share were SEK 4.31 (4.30).

- Axfood signed an agreement with MatHem i Sverige AB on the sale of Netxtra.

- Axfood's goal for 2012 is to achieve an operating profit at the same level as
in 2011.
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 243 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 820
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 50,1% of the shares.