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New Wave Group s profit for the second quarter substantially exceeds market expectations
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Annual General Meeting of New Wave Group AB (publ)
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KUNGÄLV, Sweden, May 19, 2021 /PRNewswire/
New Wave Group AB held its Annual General Meeting (AGM) on 19 May 2021. Due to the spread of the coronavirus, the AGM was carried out through postal voting without physical attendance, pursuant to temporary legislation.
- The income statement and balance sheet as well as the consolidated income statement and the consolidated balance sheet were adopted. The AGM resolved that no payment of dividend will be made and that the entire amount available will be carried forward.
- Each Board Member and the CEO were discharged from liability for the fiscal year 2020.
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 a
New Wave Group s profit for the first quarter substantially exceeds market expectations
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KUNGÄLV, Sweden, April 16, 2021 /PRNewswire/ The interim report for New Wave Group will be presented on 27 April, but as New Wave Group expects to report a profit for the first 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 first quarter 2021 increased by SEK 124 million to SEK 100 (-24) million. Net result increased by SEK 105 million to SEK 68 (-37) million. Sales amounted to SEK 1,262 (1,441) million, which is a decrease of 12% (7% in local currencies).
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