Home / Knowledge / News / Apparel/Garments / Operating profit rises 2.08% in 2015 at New Wave
Operating profit rises 2.08% in 2015 at New Wave
Feb '16
New Wave Group, a Sweden based producer of sports, leisure and home fashion products, posted an operating profit of SEK 255.2 million in 2015 – a rise of 2.08 per cent – as compared to SEK 250 million in the previous year, according to a financial statement released by the company.

The net profit of the company, however, fell by 17.86 per cent to SEK 145.3 million in the year as compared to SEK 176.9 million in 2014.

EPS was SEK 2.16 in 2015 as compared to SEK 2.66 in 2014, a fall of 18.79 per cent.

Total sales at the company were SEK 4,965 million, a rise of 16 per cent in this period as compared to SEK 4,274 million in the prior year.

Commenting on the results, Torsten Jansson, CEO of New Wave Group said, “Operating profit increased by SEK 5 million, despite all the investments and marketing efforts as well as to the result burdened by one-off costs such as Russia and foreign exchange losses.”

“The focus will now be to get the level of profit and operating margin. The operating margin we had is quite ok for a heavy investment phase but now it must begin to increase,” he added.

“I remain very positive forward and very proud of what we are currently performing,” he said. (MCJ)

Fibre2Fashion News Desk – India

Must ReadView All

Textiles | On 24th Jun 2017

Applied DNA to tag cotton for 2017/18 US ginning season

Applied DNA, provider of DNA-based supply chain security,...

Apparel/Garments | On 24th Jun 2017

NPD Group launches Trend Tracker for apparel trends

Global information company the NPD Group has launched Trend Tracker,...

Textiles | On 24th Jun 2017

Cotton USA’s first innovation competition in UK ends

Cotton USA has announced the successful close to its first innovation ...

Interviews View All

Manuj Terapanthi

Transparent supply chain and fair trade will boost sustainable market

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
June 2017

June 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search