STOCKHOLM, Sweden, Aug. 12, 2004 (PRIMEZONE) -- New Wave Group:
"Continued heavy growth in sales as well as profit."
-Sales increased by 20 % to SEK 1 065 (884) million during January-June.
-Profit after net financial items improved by SEK 14.1 million to SEK 83.3 (69.2) million.
-Profit after tax increased to SEK 62.5 (50.3) million and profit per share to SEK 4 (3.47).
-Sales increased by 27 % to SEK 596 (469) million and profit after net financial items to SEK 14.4 million to SEK 71.1 (56.7) million during the second quarter.
-Sales in the Corporate Profiling business area increased by 29 % to SEK 742 (574) million. Profit after financial items increased by SEK 9.3 million to SEK 67 (57.7) million.
-Sales in the Retailing business area incrased by 4 % to SEK 323 (310) million. Profit after net financial items increased by SEK 4.8 million to SEK 16.3 (11.5) million.
-Jobman Workwear was consolidated as per April 1st.
-The new issue was heavily over-subscribed.
-The integration of Swedish Match's promowear distribution and Jobman Workwear as well as the establishment of more trademarks in Switzerland, Spain, Benelux and Italy are according to plan.
-Sales and profit are expected to exceed last year, in spite of the high investment pace with several new establishments.
FOR MORE INFORMATION, PLEASE CONTACT: Vice President Torsten Jansson Phone: +46(0)708 99 80 50, +46(0)303 24 65 01 E-mail: torsten.jansson@nwg.se
Deputy Vice President Goran Harstedt Phone: +46(0)708 99 80 17, +46(0)303 24 65 02 E-mail: goran.harstedt@nwg.se
Financial Manager Krister Magnusson Phone: +46(0)708 99 80 21, +46(0)303 24 65 11 E-mail: krister.magnusson@nwg.se
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