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

Continued strong growth in profit.

THE PERIOD JANUARY 1 – SEPTEMBER 30 2007
COMPARED TO PRECEDING YEAR.
– Sales increased by 17 % to MSEK 2 863 (2 452).
– The operating margin improved and amounted to 8.9 (7.2) %
– The result after finance net improved by MSEK 58.8 to MSEK 192.9 (134.1).
– Acquired units have contributed with MSEK 342 in sales and MSEK 23.7 in result after finance net.
– The result after tax improved by MSEK 39.3 to MSEK 140.1 (100.8) and profit per share improved to SEK 2.11 (1.55).

THE PERIOD APRIL 1 – SEPTEMBER 30 2007
COMPARED TO PRECEDING YEAR.
– Sales increased by 41 % to MSEK 1 125 (800).
– Organic growth amounted to 6%.
– The operating margin improved and amounted to 9.6 (7.8) %
– The result after finance net improved by MSEK 32.7 to MSEK 80.6 (47.9).
– Acquired units have contributed with MSEK 282 in sales and MSEK 17.0 in result after finance net.
– The result after tax improved by MSEK 20.2 to MSEK 57.4 (37.2) and profit per share improved to SEK 0.87 (0.56).

SIGNIFICANT EVENTS
– The integration with Cutter & Buck is developing according to plan. Beside distribution and product synergies, we also expect significant cost synergies.
– The work with introducing Cutter & Buck’s products in Europe and to launch the promo concept Clique/New Wave in USA is developing according to plan. The launch of these trademarks in respective markets, will commence during spring 2008

VIEWS ON 2007 AND 2008
– The sales and results for 2007 are expected to increase and exceed the preceding year.
– The organic growth is expected to continue to increase during both fourth quarter 2007 and for 2008.
– Also for 2008 the expectations are that New Wave will increase result and sales compared with 2007.