Interim Report for New Wave Group AB (publ) Q2 January--June 2005

Result Increased with 13% to SEK 85.8 m. in Second Quarter (Excl. Acquired Units)


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

This information was brought to you by Waymaker http://www.waymaker.net

The full report is available for download:

http://wpy.waymaker.net/client/waymaker1/WOLReleaseFile.aspx?id=115949&fn=wkr0001.pdf


            

Coordonnées