Interim report for New Wave Group AB (publ)

PERIOD 1 APRIL – 30 JUNE 2013

  · Sales amounted to SEK 995 million, which was SEK 80 million lower than last
year (SEK 1,075 million).
  · Operating profit amounted to SEK 70.2 million (SEK 58.7 million).
  · Profit after tax amounted to SEK 38.9 million (SEK 33.3 million).
  · Earnings per share amounted to SEK 0.60 (SEK 0.50).
  · Cash flow from operating activities amounted to SEK 41.8 million (SEK 132.8
million).

PERIOD 1 JANUARY – 30 JUNE 2013

  · Sales amounted to SEK 1,873 million, which was SEK 177 million lower than
last year (SEK 2,050 million).
  · Operating profit amounted to SEK 86.3 million (SEK 61.3 million).
  · Profit after tax amounted to SEK 39.0 million (SEK 25.1 million).
  · Earnings per share amounted to SEK 0.60 (SEK 0.38).
  · Cash flow from operating activities amounted to SEK 147.9 million (SEK 177.8
million).
  · Equity ratio amounted to 46.0% (43.4%).
  · Net debt to equity ratio amounted to 73.3% (83.4%).


CEO comments
MARKETING & SALES
The market remained tough in the second quarter and we see no change in Europe –
nor in our largest markets such as Sweden and Norway. The only geographical area
that feels stable and which may be on the way up is the USA. Meanwhile, we lost
sales in the quarter due to stocks being too low for certain items e.g. t-shirt
and polo.

RESULT
We have good cost control. This, together with the fact that Orrefors Kosta Boda
continues to improve means that we managed a decent result. However, a result
which I still am far from satisfied with. I consider several of our companies
and brands are underachieving even if the market is tough. During the autumn we
will continue to focus on improvements in these companies and structural changes
and reorganising may be required among subsidiaries.

CASH FLOW AND WORKING CAPITAL
We still have good control over cash flow but unfortunately we have too low
stocks in regards to corporate promo. We will therefore increase stocks in
corporate promo during the coming quarters.

FUTURE
We expect a continued tough and difficult market in the third quarter and maybe
for the rest of the year. We have not seen any signs of a turnaround in the
first half year, but instead a certain deterioration. During the first half
year, we have worked to prioritize results and further strengthening of our
balance sheet. We will, however, during the remainder of the year increase sales
and marketing efforts. While this may give slightly worse results in the coming
quarters, we are convinced that it is right for the future.

Torsten Jansson


FOR MORE INFORMATION, PLEASE CONTACT:
Managing Director Torsten Jansson
Phone: +46 31 712 89 01
E-mail: torsten.jansson@nwg.se

Financial Director 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. The information was released for publication at 7 am
(CET) on 22 August 2013.
Interim report for New Wave Group AB (publ) - JANUARY–JUNE 2013

Anhänge
