Spain finished first after winning all five of their games and gained promotion back to Division II for the 2008 IIHF World U18 Championships. China who finished in second place also gained promotion to Division II, while Iceland finished third after winning three of their five games of the tournament. Alejandro Pedraz of Spain finished as the tournaments top scoring after recording 26 points including 17 goals and nine assists. Spain's Ander Alcaine finished as the tournaments leading goaltender with a save percentage of 0.877.