Interim Report For The First Quarter 2021 New Wave Group AB
Period 1 January - 31 March 2021
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KUNGÄLV, Sweden, April 27, 2021 /PRNewswire/ --
Net sales amounted to SEK 1,261.6 million, which was 12% (7% in local currencies) lower than last year (SEK 1,440.9 million).
Operating result amounted to SEK 100.1 (-24.1) million.
Result for the period amounted to SEK 67.7 (-36.9) million.
Earnings per share amounted to SEK 1.04 (-0.54).
Cash flow from operating activities amounted to SEK 367.2 (114.6) million.
Equity ratio amounted to 56.9 (46.8) %.
Net debt to equity ratio amounted to 37.3 (74.6) %.
CEO COMMENTS
Yet another record result
Despite that the pandemic has continued and that several countries have had hard restrictions, we deliver a new record result in the first quarter. COVID-19 means that several of our businesses keep experiencing problems due to cancelled events, basically no activities for clubs and associations, elite sports without an audience, lack of conferences and kick-offs etc. This lead to decreased net sales, but we still delivered a fantastic result.