Interim Report Axfood AB 1 Jan – 31 March 2015

First quarter summery

· Axfood’s consolidated sales for the period January–March totalled SEK 9,566 m (8,946), an increase of 6.9%.

· Retail sales for Group-owned stores increased by 5.8% during the period. Like-for-like sales increased by 4.3% during the period.

· Operating profit for the period was SEK 329 m (246).

· Profit after financial items was SEK 328 m (242) for the period.

· Profit after tax totalled SEK 256 m (189) for the period, and earnings per share were SEK 4.88 (3.57).

· 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 257 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.

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