Interim Report for New Wave Group AB (publ) January-September 2007 Continued strong growth in profit. THE PERIOD JANUARY 1 - SEPTEMBER 30 2007 COMPARED TO PRECEDING YEAR. - Sales increased by 17 % to MSEK 2 863 (2 452). - The operating margin improved and amounted to 8.9 (7.2) % - The result after finance net improved by MSEK 58.8 to MSEK 192.9 (134.1). - Acquired units have contributed with MSEK 342 in sales and MSEK 23.7 in result after finance net. - The result after tax improved by MSEK 39.3 to MSEK 140.1 (100.8) and profit per share improved to SEK 2.11 (1.55). THE PERIOD APRIL 1 - SEPTEMBER 30 2007 COMPARED TO PRECEDING YEAR. - Sales increased by 41 % to MSEK 1 125 (800). - Organic growth amounted to 6%. - The operating margin improved and amounted to 9.6 (7.8) % - The result after finance net improved by MSEK 32.7 to MSEK 80.6 (47.9). - Acquired units have contributed with MSEK 282 in sales and MSEK 17.0 in result after finance net. - The result after tax improved by MSEK 20.2 to MSEK 57.4 (37.2) and profit per share improved to SEK 0.87 (0.56). SIGNIFICANT EVENTS - The integration with Cutter & Buck is developing according to plan. Beside distribution and product synergies, we also expect significant cost synergies. - The work with introducing Cutter & Buck's products in Europe and to launch the promo concept Clique/New Wave in USA is developing according to plan. The launch of these trademarks in respective markets, will commence during spring 2008 VIEWS ON 2007 AND 2008 - The sales and results for 2007 are expected to increase and exceed the preceding year. - The organic growth is expected to continue to increase during both fourth quarter 2007 and for 2008. - Also for 2008 the expectations are that New Wave will increase result and sales compared with 2007. FOR MORE INFORMATION, PLEASE CONTACT: CEO, Göran Härstedt Phone: +46 31 712 89 02 E-mail: goran.harstedt@nwg.se CFO, Lars Jönsson Phone: +46 31 712 89 12 E-mail: lars.jonsson@nwg.se Business development manager/IR Anna Ljungdahl Phone: +46 31 712 89 03 E-mail: anna.ljungdahl@nwg.se
Interim Report for New Wave Group AB (publ) January-September 2007
| Source: New Wave Group AB