Interim Report for New Wave Group AB (publ) Q1 January–March 2007

Fine profit growth as well as good cash flow.

THE PERIOD 1 JANUARY – 31 MARCH 2007 COMPARED TO THE PRECEDING YEAR.
– Sales increased by 1 % to SEK 760 (755) M.
– The result after net finance improved by SEK 14.7 M to SEK 11.8 (-2.9) M.
– The result after tax improved by SEK 10.8 M to SEK 8.7 (-2.1) M and profit per share improved to SEK 0.13 (-0.04).
– Acquired units burdened the results after net financial items by SEK 9.4 M.

ACQUISITION AFTER PERIOD’S END
– On 13 April an agreement was made on the acquisition of Cutter & Buck Inc, a leading actor on the market for exclusive golfing clothes and sportswear in the USA.

VIEW ON 2007
– For 2007 sales and results are expected to increase and exceed the preceding year’s.


FOR MORE INFORMATION,
PLEASE CONTACT:
CEO Torsten Jansson
Phone: +46 31 712 89 01
E-mail: torsten.jansson@nwg.se

dCEO Göran Härstedt
Phone: +46 31 712 89 02
E-mail: goran.harstedt@nwg.se

CFO, Krister Magnusson
Phone: +46 31 712 89 21
E-mail: krister.magnusson@nwg.se