The competition was held in Prague, Czechoslovakia and took place June 2–10, 1956.

The Soviet Union won their fourth consecutive gold medal, with Czechoslovakia and Bulgaria repeating their performance of the previous tournament, winning silver and bronze respectively.

The remaining teams went to the Classification Round to determine the 9th–16th spots.

The 13th–16th spots were decided between the remaining teams in a separate bracket.

The 5th–8th spots were decided between the remaining teams in a separate bracket.