Interim report for New Wave Group AB (publ)

 | Quelle: New Wave Group AB New Wave Group AB 

JANUARY–MARCH 2012
1 January–31 March 2012

  · Turnover amounted to SEK 975 million, which was
5% better than
last year (SEK 928 million).
  · Acquired units contributed by
SEK 64 million in turnover and SEK -7.2 million in result after tax.
  ·
Operating profit amounted to SEK 2.6 million (SEK 17.7 million).
  · Result
after tax amounted to SEK -8.2 million (SEK 5.7 million).
  · Earnings per
share amounted to SEK -0.13 (SEK 0.08).
  · Cash flow from operating activities
amounted to SEK 45.0 million (SEK -142.6 million).
  · Equity ratio amounted
44.2% (44.0%).
  · Net debt to equity ratio amounted 83.8% (81.1%).

VIEWS ON
2012
For 2012 we expect a higher sales turnover and better result than the 2011
outcome.

Managing Director’s comments
2012 started more or less as I
expected. I am still optimistic, even if it is a difficult year to assess, and I
am still worried about the development in Europe, especially in Southern Europe.
If you take a closer look at the first quarter, the USA has been doing somewhat
better than expected and promo sales in the Nordic countries are somewhat lower
than expected. Otherwise, the development is more or less according to plan. It
is essential to our full-year result that we have a descent second and fourth
quarter.

Otherwise, I am very pleased with our organisation in all markets
and it is very comforting to have broad and stable management teams in place,
especially in Asia and the USA, but of course also in Europe.

Thus, to sum it
up, I am rather pleased with how the year has started and I am quite optimistic
for the full year, even if we, as I have mentioned, are facing a very
imponderable situation, not least in Europe.

Torsten Jansson

FOR MORE
INFORMATION, PLEASE CONTACT:

Managing Director Torsten Jansson
Phone: + 46
31–712 89 01
E-mail: torsten.jansson@nwg.se

Deputy Managing Director Rolf
Karp
Phone: + 46 31–712 89 05
E-mail: rolf.karp@nwg.se

Financial Manager
Lars Jönsson
Phone: + 46 31–712 89 12
E-mail: lars.jonsson@nwg.se

The
information in this report is that which New Wave Group is required to disclose
under the Securities Exchange and Clearing Operations Act and/or the Financial
Trading Act. It was released for publication at 7 am (CET) on 26 April 2012.

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