Interim Report for New Wave Group AB (publ) January-March 2005


STOCKHOLM, Sweden, April 20, 2005 (PRIMEZONE) -- New Wave Group AB:


 -- During January-Mars sales increased by 10% to SEK 517 (469) m. 
 -- Profit after net financial items decreased by SEK 26.1 m. to 
    SEK -8.5 (17.6) m. 
 -- Profit after tax decreased to SEK -7.2 (13.3) m. and profit per 
    share decreased to SEK -0.23 (0.45). 
 -- The Corporate Profiling business area's sales increased by 
    23% to SEK 348 (284) m. Profit on EBITDA-level decreased by 
    SEK 8.9 m. to SEK 6.5 (15.4) m. 
 -- The Retailing business area's sales decreased by 9% to SEK 169 
    (185) m. Profit on EBITDA-level increased by SEK 14.6 m. to 
    SEK 0.9 (15.5) m. 
 -- Profit after net financial items deteriorated, due to new 
    establishments, by SEK 11.3 m, the acquisition of Dahetra 
    SEK 3.3 m. and lower sales than expected. 
 -- The lower sales is due to increased price competition and 
    current lower prices due to the USD currency, which gives 
    deflation within certain article groups, and due to the fact 
    that Easter holiday was in March instead of April. The market 
    has also been less good than expected where the lower sales of 
    winter garments from last year still was the same. During Q1 
    2004 the subsidiary Sko-Team had fire smoke damaged shoes on sale
    which increased sales. 
 -- The acquisition of Dahetra consolidated 1 January. The Dahetra 
    sales was SEK 83 m. 2004. 
 -- The board proposes to increase the dividend to SEK 1.50 (1.25) 
    totaling to SEK 47.3 m. Further more the board has proposed a 
    split 2:1. 
 -- New Waves earlier forecast about increased profit and sales for 
    2005 remains, in spite of a deteriorated quarter. The two 
    most important quarter is still Q2 and Q4. 
 -- New 5-year creditability facility of SEK 2.100 m.

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