Trade NEW Wave Group B - NEWAb CFD

New Wave Company profile

About New Wave Group AB

New Wave Group AB is a Sweden-based company engaged in the houseware and appeal sector. The Company’s activities are divided into three business areas: Corporate Promo, Sports & Leisure and Gifts & Home Furnishings. The Corporate Promo area is divided into three subdivisions: Promowear, offering clothes adapted for printing and embroidery; Promotional Gifts, which promotes and markets a brand through pens, bags, and towels, among others; and Workwear, providing clothing for processionals, such as construction and installation workers, waiters and carriers. The Sports & Leisure area operates a range of sport brands, named AHEAD, ANNIKA, Craft, and Skona Marie, among others. The Gifts & Home Furnishings area includes glass and metal home decorations, cutlery, as well as textile goods. Furthermore, the Company operates worldwide through a number of subsidiaries, such as DJ Frantextile AB, GC Sportswear Oy, Jobman Workwear AB, New Wave France SAS and Texet AB.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, New Wave Group AB revenues increased 10% to SEK6.72B. Net income increased from SEK365.5M to SEK760.3M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income benefited from Other operating costs decrease of 55% to SEK21.7M (expense), Other operating income - Balancing value increase from SEK23.4M to SEK49.6M (income).