INTERIM REPORT AXFOOD AB 1 JANUARY – 30 JUNE 2015

Second quarter summery

  ·
Axfood’s consolidated sales for the period April–June totalled SEK 10,478 m
(9,804), an increase of 6.9%.

  ·
Retail sales for Group-owned stores increased by 6.3% during the period. Like
-for-like sales increased by 3.9% during the period.

  ·
Operating profit for the period was SEK 431 m (376).

  ·
Profit after financial items was SEK 429 m (370) for the period.

  ·
Profit after tax totalled SEK 334 m (289) for the period, and earnings per share
were SEK 1.59 (1.36).

  ·
A 4:1 stock split was carried out during the second quarter.

  ·
Axfood Närlivs signed renewed supply agreements with Reitan Convenience and
EMAB.

  ·
Axfood’s goal for 2015 is to exceed the level of profit achieved in 2014.

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
Axfood AB conducts food retail and wholesale business in Sweden. Retail business
is conducted through the wholly owned store chains Willys and Hemköp, comprising
258 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.