Interim Report Axfood AB 1 January – 30 September 2015

Regulatory News:

Third quarter summary

• Axfood’s consolidated sales for the period July–September totalled SEK 10,412 m (9,756), an increase of 6.7%.
• Retail sales for Group-owned stores increased by 6.2% during the period. Like-for-like sales increased by 4.4% during the period.
• Operating profit for the period was SEK 552 m (453).
• Profit after financial items was SEK 551 m (448) for the period.
• Profit after tax totalled SEK 430 m (349) for the period, and earnings per share were SEK 2.05 (1.66).
• The previous earnings target has been replaced with a forecast for 2015 of an operating profit of around SEK 1,700 m.

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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