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New Wave to expect PBT for 2009 in line with 2008
20
Feb '09
New Wave Group AB announces the year end report for the period January to December 2008.

The Period 1 October–31 December 2008
• Sales amounted to MSEK 1 227 which was 8 % lower than the previous year (1 331).
• The result after tax decreased by MSEK 88.8 to MSEK 2.4 (91.2).
• The result per share in parent company amounted to SEK -0.01 (1.37).
• The operating margin amounted to 5.0 (11.4) %.
• The result after finance net decreased by MSEK 88.9 to MSEK 33.2 (122.1).
• Equity ratio amounted to 34.1(29.9) %.
• Net debt - Equity ratio amounted to 140.5 (163.9) %.

The Period 1 January–31 December 2008
• Sales increased by 10 % to MSEK 4 604 (4 194), organic growth amounted to 1 %.
• The result after tax decreased by MSEK 83.4 to MSEK 147.9 (231.3).
• The result per share in parent company amounted to SEK 2.18 (3.46).
• The operating margin amounted to 8.0 (9.7) %.
• The result after finance net decreased by MSEK 82.2 to MSEK 232.8 (315.0).

Dividend
• The Board of Directors has decided to suggest the annual shareholders meeting a dividend of SEK 0.18 (1.00) per share totalling MSEK 11.9.

Significant Events after the Quarter
• A new savings package including actions for improvement in efficiency and profitability has been introduced at Orrefors Kosta Boda.

Views on 2009
• Market conditions are difficult to predict due to uncertainty in the economy, for 2009 New Wave is expecting a profit before tax which is in line with 2008, but that the turnover will not be on the same level as previous year

New Wave Group AB

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