STOCKHOLM, Sweden, Feb. 11, 2002 (PRIMEZONE) -- Axfood:
-- Consolidated sales totalled 32,428 m (30,230),
an increase of 7.3%.
-- Operating profit was SEK 653 m (112). Adjusted before items
affecting comparability and restructuring costs in the store
network, totalling SEK 106 m, profit was SEK 759 m (274).
-- Profit after net financial items was SEK 527 m (0). Adjusted
for items affecting comparability and restructuring costs, profit
after net financial items was SEK 633 m (162).
-- Strong development in fourth quarter, especially for Axfood
Lagpris and the wholesaling operations.
-- Axfood closed its e-commerce business in December.
-- Axfood decided to launch a new discount chain, called
"Willys Hemma."
-- The Board proposes a dividend of SEK 2.50 per share (0).
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