New Wave Group’s profit for the second quarter substantially exceeds market expectations

The interim report for New Wave Group will be presented on 17 August, but as New Wave Group expects to report a profit for the second quarter 2021 which substantially exceeds both previous year and market expectations based on analysts’ estimates, preliminary numbers are released for the quarter.

Operating result for the second quarter 2021 increased by SEK 131 million to SEK 241 (110) million. Net result increased by SEK 115 million to SEK 188 (73) million. The result includes non-recurring items in the form of forgiven government loans to Group companies in the US (Paycheck Protection Program Loan Forgiveness) of approximately SEK 42 million. Sales amounted to SEK 1,487 (1,314) million, which is an increase of 13% (18% in local currencies).

The full interim report for the second quarter will be released on Tuesday 17 August at 07:00 CET. No further information will be announced before that. The figures reported here are preliminary and have not been reviewed by the company’s auditors.

Gothenburg on 13 July 2021

New Wave Group AB (publ)

Torsten Jansson, CEO

CEO & President
Torsten Jansson
Phone: +46 31 7128901
E-mail: [email protected]

CFO
Lars Jönsson
Phone: +46 31 7128912
E-mail: [email protected]

This information is information that New Wave Group AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons detailed above, at 08.30 a.m. CET on July 13, 2021.