YEAR-END REPORT, MAY 1, 2005 – APRIL 30, 2006

Net profit rose by 89 %

Fiscal year (May 2005 – April 2006)  Net sales amounted to SEK 1,159.7 M (804.6), up 44% from the year-earlier period. The increase for comparable stores was 13% (9).  Profit after tax totaled SEK 130.5 M (69.2). Earnings per share before dilution rose to SEK 4.76 (2.77).  Operative cash flow after investments amounted to SEK 13.2 M (79.3).  The Board of Directors proposes a dividend of SEK 2.35 (0.75) per share, corresponding to 49% (27) of after-tax profit during the year. Fourth Quarter (February 2006 – April 2006)  Net sales amounted to SEK 255.6 M (177.3), up 44% from the year-earlier period. The increase for comparable stores was 17% (4).  Profit after tax totaled SEK 17.7 M (12.0). Earnings per share before dilution rose to SEK 0.63 (0.46).  Operative cash flow after investments amounted to SEK -35.7 M (27.1).  According to a signed letter of intent, 24 franchise stores will be acquired during autumn 2006.