New Wave Group AB

NEWA B

Equity

ISIN SE0020356970 / Valor 127437343

NASDAQ Nordic Exchange Stockholm, Equities (2024-12-11)

SEK 98.95-0.70%

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

Year-End Financial Performance 2023

In the fiscal year of 2023, New Wave Group AB reported a significant increase in net sales, reaching SEK 9,512.9 million, an 8% rise from the previous year's SEK 8,843.6 million. This growth was influenced positively by currency changes and acquisitions, contributing 4% and 6% respectively. The operating result also saw an improvement, climbing to SEK 1,577.2 million from SEK 1,505.1 million in the previous year.

Q4 2023 Overview

For the fourth quarter of 2023, New Wave Group AB experienced a slight decline in net sales by 3% year-over-year, totaling SEK 2,735.9 million. Despite this, the company achieved a robust operating result of SEK 518.7 million and a strong cash flow from operating activities, which was SEK 753.5 million, significantly better than the previous year's negative SEK 232.9 million.

Dividend Proposal

The board of New Wave Group AB has proposed a dividend of SEK 3.50 per share for the year 2023, to be distributed in two installments of SEK 1.75 each. This proposal reflects the company's solid financial performance and commitment to returning value to its shareholders.

CEO's Remarks on 2023 Performance

Torsten Jansson, CEO of New Wave Group AB, expressed satisfaction with the company's performance in 2023, highlighting the achievement of all-time high results in both net sales and operating result. He noted the company's effective management of market challenges, particularly in maintaining strong margins and cash flow amidst a retail downturn.

Future Outlook

Looking ahead, New Wave Group AB is optimistic about its growth prospects. The company plans to continue its expansion through organic growth, geographical expansion, and strategic acquisitions. With a strong balance sheet and a focus on sustainability, New Wave Group AB is well-positioned to capitalize on emerging opportunities in both the promo and retail sectors.

Summarized from source with an LLMView Source

Key figures

6.46%1Y

21.6%3Y

235%5Y

Performance

36.6%1Y

43.1%3Y

47.0%5Y

Volatility