YEAR-END REPORT 2015 AXFOOD AB (PUBL)

Fourth quarter summary 2015

• Axfood’s consolidated sales for the period October–December totalled SEK 10,791 m
  (9,978), an increase of 8.1%.

• Retail sales for Group-owned stores increased by 7.6% during the period.
  Like-for-like sales increased by 5.5% during the period.

• Operating profit for the period was SEK 448 m (372).

• Profit after financial items for the period was SEK 441 m (370).

• Profit after tax was SEK 341 m (277) for the period, and earnings per share were
  SEK 1.63 (1.31).

• The Board of Directors proposes an ordinary dividend of SEK 5.00 per share (4.25)
  and an extra dividend of SEK 4.00 per share.

• Axfood expects operating profit for 2016 to exceed the outcome for 2015.

Full-year summary 2015

• Axfood’s consolidated sales for 2015 totalled SEK 41,247 m (38,484), an increase of
  7.2%.

• Operating profit for 2015 was SEK 1,760 m (1,447).