Continued strong growth and improved EBIT margin

· Net sales increased 21% to MSEK 159.1 (131.6). · EBIT rose 33% to MSEK 18.5 (13.9). · EBIT margin amounted to 11.6% (10.6). · Net income was MSEK 15.4 (9.7). · Earnings per share amounted to MSEK 1.54 (0.97). Stefan Jonsson, President and CEO:GARO performed strongly in many respects. The Group’s net sales increased 21% in the second quarter with sustained strong growth in Sweden and Other markets. The EBIT margin improved, thus contributing to a 33% increase in EBIT, and was mainly the result of volume growth combined with stable expenses, generating economies of scale.