STOCKHOLM, April 29, 2003 (PRIMEZONE) -- Interim Report for New Wave Group AB (publ) January-March 2003 is "Best first quarter so far"
- During January - March 2003 New Wave's sales increased by 27 percent to SEK 415.2 (327.6) million.
- The result after net financial items increased by SEK 15.4 million to SEK 12.5 (-2.9) million, where acquired units (which mainly have their earning ability during the fourth quarter) burdened the result by SEK 3.8 million.
- The 12-months moving total increased by 82 percent and amounted to SEK 160.5 (88.4) million, compared to the corresponding period during the preceding year.
- The Corporate Profiling business area increased its sales by 33 percent to SEK 240.6 (181.3) million. The result after financial items increased by SEK 9.9 million to SEK 2.5 (-7.4) million. Acquired units burdened the result by SEK 2.8 million.
- The Retailing business area increased its sales by 19 percent to SEK 174.6 (146.3) million. The result after financial items increased by SEK 5.6 million to SEK 10.0 (4.5) million. Acquired units burdened the result by SEK 1.0 million.
- The growth in Germany is once again good. The turnover in New Wave GmbH increased by 48 prcent during the first quarter.
- The reconstruction of the English subsidiary is completed. Profitability is expected during the fourth quarter 2003, at the latest.
- Heavy increase of Craft's sales for autumn 2003.
- For 2003, turnover is judged to exceed SEK 2,000.0 million and the result is expected to exceed last year.
COMING INFORMATION . 28 May Annual general meeting of New Wave Group AB (publ) . 12 August Interim report for the second quarter, Q2 . 24 October Interim report for the third quarter, Q3 . 18 February 2004 Balance sheet communique for 2003 . 27 April 2004 Interim report for the first quarter, Q1
Boras on 29 April 2003
New Wave Group AB (publ)
Torsten Jansson, Vice President
FOR MORE INFORMATION, PLEASE CONTACT: Vice President Torsten Jansson Phone: +46(0)708 99 80 50, +46(0)303 24 65 01 or E-mail: torsten.jansson@nwg.se
Deputy Vice President Goran Harstedt Phone: +46(0)708 99 80 17, +46(0)303 24 65 02 or E-mail: goran.harstedt@nwg.se
Financial Manager Krister Magnusson Phone: +46(0)708 99 80 21, +46(0)303 24 65 11 or E-mail: krister.magnusson@nwg.se
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The full report: http://www.waymaker.net/bitonline/2003/04/29/20030428BIT01010/wkr0001.doc
The full report: http://www.waymaker.net/bitonline/2003/04/29/20030428BIT01010/wkr0002.pdf