Interim Report for New Wave Group AB (publ) Q3 JANUARY - SEPTEMBER 2008 Strong Profit Growth The Period 1 July-30 September 2008 • Sales amounted to MSEK 1 117 which was 1% lower than the previous year (1 125). • The result after tax increased by MSEK 17.3 to MSEK 74.7 (57.4). • The result per share amounted to SEK 1.13 (0.87). • The operating margin amounted to 12.8 (9.6) %. • The result after finance net increased by MSEK 23.0 to MSEK 103.6 (80.6). • Equity ratio amounted to 30.5 (27.7) %. The Period 1 January-30 September 2008 • Sales increased by 18% to MSEK 3 378 (2 863), organic growth amounted to 5%. • The result after tax increased by MSEK 5.4 to MSEK 145.5 (140.1). • The result per share amounted to SEK 2.19 (2.11). • The operating margin amounted to 9.1 (8.9) %. • The result after finance net increased by MSEK 6.7 to MSEK 199.6 (192.9). • Cutter & Buck's effect on the result after finance net, including acquisition interest, amounted to MSEK -3.1 (18.4) • Orrefors Kosta Boda's result after finance net amounted to MSEK -44,7 (-2.7). Significant Events During the Quarter • Promo business area continues its positive trend. • Sales on the American market continues to be lower than the previous year. • A savings package, effecting MSEK 80 on annual basis, has been introduced at Orrefors Kosta Boda. Views on 2008 • For 2008 New Wave is still expecting higher sales and result than the previous year. However, the weaker market conditions and economy, gives that the uncertainty in the forecast has increased. FOR MORE INFORMATION, PLEASE CONTACT: CEO, Göran HärstedtPhone: +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
Interim Report for New Wave Group AB (publ) Q3 JANUARY - SEPTEMBER 2008
| Source: New Wave Group AB
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