Interim report for New Wave Group AB

1 JANUARY – 31 MARCH 2013

  · Turnover amounted to SEK 877 million, which was SEK 98 million lower than
last year (SEK 975 million).
  · Operating profit amounted to SEK 16.1 (2.6) million.
  · Profit after tax amounted to SEK 0.1 (-8.2) million.
  · Earnings per share amounted to SEK 0.00 (-0.13).
  · Cash flow from operating activities improved by SEK 61.1 million and
amounted to SEK 106.1 (45.0) million.
  · Equity ratio amounted to 46.0 (44.2) %.
  · Net debt to equity ratio amounted to 73.4 (83.8) %.

CEO Comments

Market conditions and sales
The market in the first quarter was, if possible, even harder than I thought –
although I was pretty realistic about not believing in any quick turnaround in
my last CEO comments. The quarter is also difficult to assess because of a
relatively large calendar effect and an extreme late spring. Sales declined,
measured in local currencies, by 7%, which on the one hand I think is really bad
but at the same time hope and believe much of this is a calendar effect and to a
certain degree weather effects.

Result
Thanks to good cost control and relatively strong gross profit, we still have a
fully acceptable result for the quarter. Improvement is related to the operating
segment Gifts & Home Furnishings, where last year’s corrective measures for
Orrefors Kosta Boda looks to give the desired effects.

Cash flow and working capital
Cash flow remains well under control and significantly better than last year,
leading to lower net debt. I am very pleased with our balance sheet, although we
will endeavor to strengthen it further.

Future
We expect a continued tough and difficult market in the second quarter and maybe
throughout the year. We have not seen any signs of a turn-around in the first
quarter, but rather in this case, a certain deterioration. We are, however,
urged on by prioritizing results and further strengthen our balance sheet, and
on these points, we are ready to achieve a decent year – if only the market does
not deteriorate further. Obviously, I hope the market rebounds – but it’s not
something we even dare to count on.

Torsten Jansson

FOR MORE INFORMATION, PLEASE CONTACT:

CEO Torsten Jansson
Phone: 031–712 89 01
E-mail: torsten.jansson@nwg.se

CFO Lars Jönsson
Phone: 031–712 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. The information was released for publication at 7 am
(CET) on 25 April, 2013.