STOCKHOLM, Sweden, April 27, 2004 (PRIMEZONE) -- New Wave Group AB (publ):
Interim Report for New Wave Group AB (publ) January-March 2004 "Continued profit increase"
-- Sales increased by 13 % to SEK 469 (415) million during January-March.
-- Result after net financial items improvedd by SEK 0.7 million to SEK 13.2 (12.5) million.
-- Profit after tax decreased to SEK 9.8 (10.2) million and profit per share to SEK 0.68 (0.70).
-- Sales in the Corporate Profiling business area increased by 18 % to SEK 284 (241) million. Profit after financial items decreased by 0.6 million to SEK 1.9 (2.5) million.
-- Sales in the Retailing business area incrased by 6 % to SEK 185 (175) million. Profit after net financial items increased by SEK 1.3 million to SEK 11.3 (10) million.
-- Agreement on acquiring D.A.D. Sportswear made. Access as per April 1st 2004. The acquisition will not affect the Group's profit during 2004.
-- A letter of intent to acquire Jobman Workwear was signed on March 31st.
-- New Wave Group's board has decided to go through with a new
issue of approximately SEK 151 million. The prospectus for the new
issue will be made public today.
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The full report is available for download:
http://www.waymaker.net/bitonline/2004/04/27/20040426BIT00610/wkr0001.doc
http://www.waymaker.net/bitonline/2004/04/27/20040426BIT00610/wkr0002.pdf