STOCKHOLM, Sweden, Oct. 24, 2003 (PRIMEZONE) -- Interim Report for New Wave Group AB (publ) January-September 2003
-- "The result for January -- September increased by 41 %"
-- During January -- September, New Wave's sales increased by 17
percent to SEK 1,297.2 (1,108.8) m.
-- The result after net financial items increased by SEK 24.2
m., 41 %, to SEK 83.3 (59.1) m.
-- The net result for January - September increased to SEK 62.2
(46.4) m. and the profit per share increased to SEK 4.29 (3.32).
-- The third quarter, sales increased by 12 percent to SEK 413.2
(370.0) m. and the result after net financial items increased by
SEK 6.8 m. to SEK 14.1 (7.3) m. The increase is organic (no new
acquisitions).
-- During January -- September, the Corporate Profiling business
area's sales increased by 15 percent to SEK 791.4 (687.6) m. The
result after net financial items increased by SEK 19.3 m. to SEK
63.1 (43.8) m.
-- During January -- September, the Retailing business area's sales
increased by 20 percent to SEK 505.8 (421.2) m. The result after
net financial items increased by SEK 4.9 m. to SEK 20.2 (15.3) m.
-- The third quarter was negatively affected by SEK 4.9 m. due to
the integration of business systems, the completion of the central
warehouse and the workwear establishment. This is expected to
have a corresponding affect on the fourth quarter. The launch in
Switzerland will charge the fourth quarter by approx. SEK 2.0 m.
-- On August 29, a letter of intent to acquire the promowear
distribution of Swedish Match was made. The acquisition will
take place during 2003.
-- The turnover for 2003 is judged to amount to approx. SEK 2,000.0
m. and the result is expected to exceed last year.
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The full report is available for download:
http://www.waymaker.net/bitonline/2003/10/24/20031023BIT01530/wkr0001.doc
http://www.waymaker.net/bitonline/2003/10/24/20031023BIT01530/wkr0002.pdf