Continued positive growth and an improved EBIT
· Net sales increased 9% to MSEK 148.2 (136.2) · EBIT rose 9% to MSEK 22.3 (20.5) · EBIT margin amounted to 15.0% (15.1) · Net income was MSEK 17.6 (16.0) · Earnings per share amounted to SEK 1.76 (1.60) Stefan Jonsson, President and CEO: GARO continues to perform well. The Group’s net sales and EBIT increased by 9% year-on-year during the third quarter, with a stable EBIT margin of 15.0%. The sales trend in Sweden remained strong while the growth in Other markets was, as expected, slower due to an exceptionally high level of sales during the third quarter in 2015.