INCREASED SALES AND IMPROVED EARNINGS IN A WEAK MARKET

SECOND QUARTER DECEMBER 2011-FEBRUARY 2012

· Group net sales amounted to SEK 234.3 M (231.5). The number of stores totaled 119 compared with 127 in the year-earlier period.
· Gross profit margin was 55.3% (56.6).
· Profit before depreciation, amortization and impairment amounted to SEK 26.7 M (25.3).
· Profit after tax totaled SEK 16.7 M (13.0).
· Earnings per share before and after dilution totaled SEK 0.02 (0.02).

THE PERIOD SEPTEMBER 2011–FEBRUARY 2012

· Group net sales amounted to SEK 443.6 M (450.7).
· Gross profit margin was 57.6% (59.1).
· Profit before depreciation, amortization and impairment amounted to SEK 50.3 M (52.3).
· Profit after tax totaled SEK 33.7 M (30.7).
· Earnings per share before and after dilution totaled SEK 0.04 (0.04).

SIGNIFICANT EVENTS DURING THE QUARTER

· The Group’s like-for-like sales rose 1% during the quarter. The increase in the Swedish market was 3%. According to available...