New Wave Group AB

NEWA B

Equity

ISIN SE0020356970 / Valor 127437343

NASDAQ Nordic Exchange Stockholm, Equities (2026-05-29)

SEK 99.60-0.15%

New Wave Group AB
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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 Cyclicals

Headline sales and earnings

Q4 2025 net sales: SEK 3,145m (2,827), +11.2% y/y (+17.7% in local currencies). Q4 operating profit: SEK 435m (463). Q4 profit: SEK 306m (344). Full year revenue: SEK 10,019m (9,529).

Margins

Gross profit margin Q4: 48.5% (50.0). Full‑year gross margin: 49.0% (49.4). Operating margin Q4: 13.8% (16.4); full‑year operating margin: 11.4% (13.2). Excluding acquisitions the comparable Q4 gross margin was 51.3%.

Cash flow and liquidity

Cash flow from operating activities Q4: SEK 534m (546); full year: SEK 653m (1,278). Net investments and acquisitions drove cash flow from investing to SEK –938m (–297) for the year.

Net debt and financing

Net debt at 31 Dec 2025: SEK 3,082m (1,804). New financing agreement: total credit facility SEK 3.802bn, SEK 2.7bn utilized at year‑end; majority of maturities three to seven years from start of year. Equity ratio: 53.0% (63.7).

Non‑recurring items / PPP settlement

Results were affected by a non‑recurring cost related to previously forgiven U.S. PPP loans: SEK 66m in total (reported earlier in Q3) and region/segment charges (approx. SEK 63m in Sports & Leisure and SEK 3m in Gifts & Home Furnishings). The DoJ agreement reflected previously disclosed amounts and no additional material effects.

Acquisition — Cotton Classics

Acquired 1 Sept 2025: Cotton Classics (preliminary purchase price SEK 580m, SEK 84m deferred). Contribution Sept–Dec: revenue SEK 429m, operating profit SEK 34m, profit after tax SEK 25m. Goodwill recognized for expected synergies and future profitability.

Inventory and working capital

Inventory at 31 Dec 2025: SEK 5,642m (5,124); working capital SEK 5,812m (5,486). Inventories rose due to warehouse expansion, automation investments and acquisitions; obsolescence reserve SEK 176m (180).

Dividend and shareholder return

The Board proposes a dividend of SEK 3.00 per share for 2025 (previous year paid SEK 3.50), totaling SEK ~398m (prior year distribution SEK 464m).

CEO outlook

Management notes the first‑time >SEK 10bn revenue milestone, continued market share gains, ongoing warehouse automation and new warehouse openings planned, and expresses optimism despite volatility and currency effects.

Summarized from source with an LLMView Source

Key figures

-14.6%1Y

5.90%3Y

98.0%5Y

Performance

26.9%1Y

34.4%3Y

40.0%5Y

Volatility