Sweden · Delayed Price · Currency is SEK New Wave Group AB Earnings Call Transcripts
Fiscal Year 2026
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Q1 saw stable results with sales up 6.6% in SEK and a record 50% gross margin, despite weak retail markets and high costs from ongoing investments. U.S. growth outpaced Europe, and the balance sheet remains strong, supporting continued expansion.
Fiscal Year 2025
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Record sales above SEK 10 billion were achieved, driven by organic growth and the Cotton Classics acquisition, despite currency headwinds and higher costs from investments and legal expenses. Management remains optimistic for 2026, with continued IT investments and inventory buildup to support growth.
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Q3 delivered 8.3% sales growth in local currencies, with a record 51.1% gross margin and strong performance in the promo channel, despite one-off U.S. costs and ongoing currency and tariff headwinds. Cotton Classic's integration and new investments support future growth.
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Agility and rapid adaptation drive growth ambitions, with a focus on U.S. and teamwear expansion, technology-driven efficiency, and leveraging recent acquisitions for market leadership. Profitability targets hinge on increasing own-brand sales and operational improvements.
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Q2 saw weaker-than-expected growth due to tough market conditions, currency impacts, and negative calendar effects, but ongoing investments and the Cotton Classic acquisition strengthen future prospects. Retail remains challenging, while corporate is more stable. Cash flow is stable despite inventory build-up and continued capital investments.
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Q1 2025 saw 9% organic growth and record sales, with all segments and regions contributing. Sports and leisure outperformed the market, while investments in sales, automation, and sourcing support future growth despite macroeconomic and tariff risks.
Fiscal Year 2024
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Despite a tough market, achieved 3% Q4 sales growth and a 13.2% EBIT margin for the year, driven by strong performance in Sports & Leisure and trading. Continued investments in North America and automation, with a robust balance sheet supporting future expansion.
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Net sales rose 2% in Q3, outperforming a declining market, with operating margin at 13.6%. Strong cash flow and equity ratio provide flexibility, while continued investments in sales and marketing target future growth, especially in the US and Germany.
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Q2 saw record sales and strong cash flow, with stable gross margins despite challenging markets. Investments in North America and automation are expected to drive future growth, while ongoing marketing spend leverages competitor weakness.