STOCKHOLM, Sweden, July 15, 2005 (PRIMEZONE) -- New Wave Group:
-- Sales increased by 18 % to SEK 1 255 (1 065) m during January --
June.
-- Profit after net financial items decreased by SEK 27.5 m. to SEK
66.0 (93.5) m. Acquired units (Dahetra and Orrefors Kosta Boda)
has a negative effect to the result with SEK 14,6 m. New Wave
have a guaranty from the seller, Royal Scandinavia A/S, not to
have any losses to the result for the period of June -- December
2005. This means the most of the losses for acquired units will
be refund during the rest of the year.
-- The total cost for new establishments amounted to SEK 17.7 m.
-- Profit after tax decreased to SEK 49,2 (70.8) m. and profit per
share to SEK 1,55 (2,29) m.
-- The Corporate Profiling business area's sales increased by 20%
to SEK 892 (742) m. Profit on EBITDA-level increased by SEK
4.5 m. to SEK 103.0 (98.5) m.
-- The Retailing business area's sales increased by 12% to SEK 363
(323) m. Profit on EBITDA-level decreased by SEK 30.2 m. to SEK
-5.6 (24.5) m. The result from Orrefors Kosta Boda has a negative
effect with SEK -9.9 m.
-- New Wave Group has by the 1st of July acquired 51% of the
chares in Intraco group for about (Eur) 4 m. including an option
to acquire the rest of the chares.
-- NEW WAVE EARLIER FORECAST ABOUT INCREASED PROFIT AND SALES FOR
YEAR 2005 REMAINS. THE HIGH LEVEL OF NEW ESTABLISHMENTS DURING
YEAR 2004 AND 2005 ESTIMATES TO GIVE A RESULT IN Q4 ON A HIGH
LEVEL.
Stockholm the 15th of July 2005 New Wave Group AB (publ) Torsten Jansson CEO
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