INTERIM REPORT 1 January – 30 Sepember

Continued sharp increase in profit

1 JANUARY – 30 SEPEMBER 2005 • Operating income amounted to SEK 1,276.0 million (1,286.2), down 0.7 per cent. • Operating profit amounted to SEK 58.8 million (7.2). • The gross profit margin fell to 38.1 per cent (38.7) due to fewer company stores. • Net profit was SEK 39.8 million (–1.0). • Earnings per share amounted to SEK 2.14 (–0.05). Q3 2005 • Operating income amounted to SEK 500.4 million (508.9), down 1.6 per cent. • Operating profit amounted to SEK 36.8 million (11.7). • The gross profit margin fell to 35.4 per cent (37.9). • Net profit was SEK 25.2 million (3.8). • Earnings per share amounted to SEK 1.36 (0.20). OTHER • The operating profit was SEK 103.7 million on a rolling 12-month basis, representing an operating margin of 5.9 per cent. • The Board’s target for 2006 is to open 30 new stores, of which 13 have already been decided on. For further information, please contact: Thommy Nilsson, President and CEO, Tel: +46 31 334 51 24 / +46 709 17 23 75