Home / Knowledge / News / Fashion / New Wave expects higher sales for 2008

New Wave expects higher sales for 2008

Apr '08
New Wave Group AB announces interim report for the period 1 January - 31 March, 2008.

The period 1 January – 31 March 2008:
• Sales increased by 33 % to MSEK 1 015 (760), organic growth amounted to 8 %.
• The result after tax decreased by MSEK 23.7 to MSEK -15.0 (8.7).
• The result per share amounted to SEK -0.22 (0.13).
• The operating margin amounted to 1.5 (3.5) %.
• The result after finance net decreased by MSEK 28.3 to MSEK -16.5 (11.8).
• Acquired units have contributed with MSEK 197 in sales and MSEK -15 in result after finance net.

Significant events during the quarter:
• The work with introducing the brands New Wave/Clique in the USA and Cutter & Buck in Europe is going well. The sales work has started within the business area Promo. Costs for establishing the brands have been taken during the quarter.
• The disturbance in production at Orrefors Kosta Boda AB that affected negatively during the fourth quarter last year has decreased but it has also effected this quarter negatively. The weak USD has also affected the result in Orrefors Kosta Boda Inc negatively.
• Despite the weak market in the USA, Cutter & Buck is developing according to the original expectations.

Views on 2008:
• The work with regard to increasing efficiency and profitability and decreasing the working capital tied up in stock and accounts receivable continues.
• For 2008 New Wave is expecting higher sales and result then the previous year.

Must ReadView All

Pic: Shutterstock

Textiles | On 19th Jan 2022

Supply bottlenecks, high prices, omicron affect growth prospects: ECB

The global economy is on a recovery path, although persisting supply...

Pic: Shutterstock

Textiles | On 19th Jan 2022

Inflation peaks months earlier in Turkey than expected

Turkish finance minister Nureddin Nebati said inflation would peak in ...

Pic: Shutterstock

Textiles | On 18th Jan 2022

Singapore, Bangladesh agree to conclude FTA early

Bangladesh and Singapore have agreed to accelerate the process of...

Interviews View All

Footwear Industry, Footwear Retailers

Footwear Industry
Footwear Retailers

Still struggling to mop up higher sales

Textile Industry, Head honchos

Textile Industry
Head honchos

Ensured payment of fee was least concern for students

Textile Industry, Head Honchos

Textile Industry
Head Honchos

Increase foreign exchange and create jobs

Shyam Gupta,

Shyam Gupta

Established by <b>Shyam Gupta</b> in 1978, Gargee Designer's (GD) offers...

Susan Bhaktul,

Susan Bhaktul

Established in 2000 as a liaison with the Government of India, Industree...

Dhiraj Shah,

Dhiraj Shah

The Synthetic &amp; Rayon Textiles Export Promotion Council (SRTEPC), set...

Ingo Soller, TWE Group

Ingo Soller
TWE Group

The TWE Group is one of the leading global players in the nonwovens...

Dave Rousse, INDA

Dave Rousse

INDA, a global association of the nonwoven fabrics industry, has been...

Daniel Odermatt, Ventile

Daniel Odermatt

Ventile is a registered trademark used to brand a special high-quality...

Rocky Star, Label - Rocky Star

Rocky Star
Label - Rocky Star

<b>Rocky Star,</b> an Indian designer known for his inspiration from the...

Ramya Rao & Kavea R Chavali, Kalaneca

Ramya Rao & Kavea R Chavali

<div>The journey of Kalaneca (kala-Art, Neca- Nikaah) formally began in...

Abhishek Bajaj & Samiksha Bajaj, Samshek

Abhishek Bajaj & Samiksha Bajaj

Samshek is a fashion forward tech brand which combines digital experience...

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


Leave your Comments


Reiter India Private Limited
Under Armour Global Sourcing Ltd
Hela Clothing Pvt Ltd
Alison Hayes Romania
Eastman Chemical Company
Sainsbury's Argos Asia Limited
Vianney Textil Hogar S.A. De C.V.
Desigual - ABASIC, S.A.
Midas Clothing Limited
Sportmaster Ltd.
Grasim Industries Limited
Page Industries Limited (Bangalore)
MAS Active / MAS Kreeda / MAS Bodyline
Aramark Uniform ;& Career Apparel, LLC
Benetton Group

January 2022

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

Advanced Search