Balance sheet communicé for New Wave Group AB

BALANCE SHEET COMMUNIQUÉ FOR NEW WAVE GROUP AB January - December 1999 * During the period January-December 1999, New Wave increased its sales by 12.5 per cent to SEK 799.0 (710.4) million. * The profit after financial items increased by 121 per cent and amounted to SEK 54.1 (24.5) million for 1999. * The Profiling business area increased sales by 18 per cent to SEK 481.7 (408.9) million. The profit for the Profiling business area after net financial items was SEK 44.2 (23.9) million. * The Retailing business area increased sales by 5 per cent to SEK 317.3 (301.5) million. The profit for the Retailing business area after net financial items was SEK 9.9 (0.6) million. * On January 19, 2000, New Wave made a public offer to all shareholders in Texet AB. For the year 2000, the calculated total turnover for the corporation is expected to exceed SEK 1.200 million. * The board has decided to suggest that the Annual General Meeting increases the dividend to SEK 4.00 (1.90) per share for the 1999 financial year, totalling approximately SEK 12.0 million. * The profit will increase considerably during the year 2000. * The board has decided to suggest the Annual General Meeting to effect a share splitting of the New Wave Group AB's shares 2:1. ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/02/21/20000221BIT00390/bit0001.doc http://www.bit.se/bitonline/2000/02/21/20000221BIT00390/bit0002.pdf

About Us

New Wave Group is a clothing company concentrating on sportswear and casual clothes.

Subscribe