Interim report January-June 2005

• Sales increased by 10 percent to SEK 60.8 (55.1) million. Adjusted for exchange-rate effects the increase was 12 percent. During the second quarter sales amounted to SEK 30.3 (25.6) million, corresponding to an increase of 18 percent. Adjusted for exchange-rate effects the increase was 20 percent. • Gross income increased by 6 percent to SEK 41.8 (39.3) million and the gross margin amounted to 69 (71) percent. Gross income for the second quarter increased by 13 percent to SEK 21.3 (18.8) million and the gross margin was 70 (73) percent. • Operating income amounted to SEK 6.5 (8.6) million for the first six months and to SEK 1.1 (3.2) million for the second quarter. • Net income for the Group was SEK 9.0 (9.2) million, of which SEK 2.8 million (3.0) was for the second quarter. • Earnings per share amounted to SEK 0.49 (0.50). • The equity/assets ratio increased to 82 percent (80). • The validation of the GIII Series products at the Denver facility has been completed. • All parts of the new office building and warehouse in Kungsbacka are now in use. July 14, 2005 Kungsbacka, Sweden Magnus Nilsson CEO Questions should be addressed to: Magnus Nilsson, CEO, phone +46 31 721 80 00 or +46 708 22 80 61. Anna Ahlberg, CFO, phone +46 31 721 80 13 or +46 708 22 80 13.

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