New Wave Group AB
NEWA B
ISIN SE0020356970 / Valor 127437343
New Wave Group AB
UMushroom community rating:
About company
New Wave Group AB is a diversified conglomerate that focuses on the design, acquisition, and development of brands and products across various sectors, including corporate promotions, sports, gifts, and home furnishings. With an operational strategy that emphasizes the benefits of scale while maintaining an entrepreneurial spirit within its subsidiaries, New Wave Group operates approximately 70 companies under its umbrella, each benefiting from coordinated efforts in design, purchasing, marketing, warehousing, and distribution. The group strategically markets its products through two primary sales channels: the corporate promo market and the retail market, ensuring a broad market reach and diversification. New Wave Group's organizational structure is designed to foster effective benchmarking and performance evaluation across its brands and markets, aiming for growth and operational efficiency. The company segments its operations into three main areas: Corporate, Sports & Leisure, and Gifts & Home Furnishings, with dedicated management teams overseeing each segment to streamline operations and achieve synergies across the group.
Summarized from source with an LLMView SourceSector: Consumer CyclicalsLatest Results (25.02.2025):
Net Sales
In the third quarter of 2024, New Wave Group AB reported net sales of SEK 2,308.3 million, marking a 1% decrease compared to the previous year, which stood at SEK 2,337.0 million. The decline in net sales was primarily influenced by currency changes, which negatively impacted sales by 3%. Despite the overall decrease, net sales in the US saw a 4% increase, driven by growth in the Corporate and Sports & Leisure segments.
Operating Result
The operating result for New Wave Group AB in Q3 2024 was SEK 312.8 million, down from SEK 381.1 million in the same period the previous year. The operating margin for the quarter was 13.6%, a decrease from the previous year's 16.3%. This reduction was attributed to non-recurring income in the prior year and increased wage costs, alongside continued investments in key markets such as Germany and the USA.
Result for the Period
For the third quarter of 2024, New Wave Group AB's result for the period amounted to SEK 204.1 million, compared to SEK 270.9 million in the previous year. Earnings per share also saw a decline, amounting to SEK 1.54, down from SEK 2.04 in the same quarter last year. The decrease in results reflects the challenging market conditions and the company's ongoing investment strategy.
Cash Flow and Balance Sheet
New Wave Group AB reported an improvement in cash flow from operating activities, which increased to SEK 191.4 million in Q3 2024 from SEK 173.3 million in the previous year. The equity ratio rose to 60.7%, up from 55.8%, while the net debt to equity ratio decreased to 29.3% from 40.2%. These improvements highlight the company's strong financial position despite the challenging market environment.
Market Outlook
Looking ahead, New Wave Group AB remains optimistic about its market position, despite acknowledging the challenging economic environment. The company plans to continue its strategy of gaining market share and investing in key regions, particularly in the Teamwear product area and in countries like Germany and the USA. While short-term results may be impacted, these investments are expected to create long-term value for shareholders.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
822 M
Market cap (USD)
337,611
Daily traded volume (Shares)
98.45 / 96.15
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
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EPS (USD)
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Ratings & reviews
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