Axfood's sales January-July 2002


STOCKHOLM, Sweden, Aug. 7, 2002 (PRIMEZONE) -- Consolidated net sales* (excluding VAT) for the month of July totalled SEK 2,803 m (2,726), an increase of 2.8% compared with the same period a year ago. For stores owned by the Group, the increase was 11.6% for the month.

Net sales for the period January-July 2002 totaled SEK 19,000 m (18,464), an increase of 2.9%. For stores owned by the Group, the increase was 10.6% in Sweden, of which same stores accounted for 3.9%. Of total sales, the Swedish operations accounted for SEK 15,736 m (15,190) and Spar Finland for SEK 3,264 m (3,274).

Hemkop's sales fell by 2.0%. The decrease for same stores was 2.0%. Willys grew its sales by 23.8%, of which same stores accounted for 8.5 percentage points. Willys Hemma grew its sales by 5.1%. The decrease for same stores was 7.5%. Spar Finland's sales fell by 0.3% and in local currency a decrease by 1.2%. For comparable stores owned by the Group the decrease was 1.2%.


Sales per business operation are broken down as follows:
                  Jan-July   Jan-July  
                  2002       2001      Change
                  SEK m.     SEK m.    %
Hemkop            3,634      3,709     -2.0%
Willy's           4,675      3,775     23.8%
Willy's Hemma     600        571       5.1%
Spar Finland      3,264      3,274     -0.3%
                                       
Dagab 1)          10,045     8,193     22.6%
                                       
Axfood Narlivs    2,739      2,642     3.7%
                                       
Other 2)          1,175      1,344     -12.6%
                                       
Internal sales 3) -7,132     -5,044    41.4%
Total             19,000     18,464    2.9%
1) Of which direct distribution SEK 2,144 m (1,128).
2) Includes Axfood Direkt, Axfood Franchise, support companies
   and joint-Group functions.
3) Of which Dagab SEK 6.319 m (4.401).

 * The figures are preliminary, definite figures will currently
   be presented at www.axfood.se under Financial Information.

Preliminary sales figures will be presented on the following dates:
August            5th September
September         23rd October (Quarterly report)
October           6th November
November          5th December

For further information, please contact: Lars Nilsson, Executive Vice President and CFO, tel. +46-8-553 998 11, +46-70-569 66 33 Bodil Eriksson, Executive Vice President, Corporate Communications, tel. +46-8-553 998 17, +46-70-629 66 34

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http://www.waymaker.net/bitonline/2002/08/07/20020807BIT00580/wkr0001.doc http://www.waymaker.net/bitonline/2002/08/07/20020807BIT00580/wkr0002.pdf