Slide 1: Interim Report April - June 2019
2019 INTERIM REPORT April - June
Slide 2: This is New Wave Group
THIS IS NEW WAVE GROUP Sweden Shanghai Dhaka Bangalore Ho Chi Min New Wave Group is a growth company that designs, acquires and develops brands. To ensure good risk diversification, the Group will market its products in the promo market and the retail market. The Group’s growth target is 10-20 % per
Slide 3: Operating Segments and Sales Channels
OPERATING SEGMENTS AND SALES CHANNELS Corporate Our brands are categorized according to which of our three operating segments it belongs to: Corporate, Sports & Leisure or Gifts & Home Furnishings. The brands are distributed in both the promo market and the retail market to achieve good risk diversi
Slide 4: Corporate - Vision
CORPORATE - VISION The vision for the Corporate operating segment is to become the leading supplier of promotional products to corporations in Europe and one of the leading suppliers in the United States by offering companies a broad product range, strong brands, advanced expertise and service, and
Slide 5: Sports & Leisure - Vision
SPORTS & LEISURE - VISION The vision for the Sports & Leisure operating segment involves establishing Craft as a world-leading sportswear brand, and making Cutter & Buck a world-leading golf apparel brand. The brand Auclair shall take a leading position on gloves in Europe and we will also use Paris
Slide 6: Gifts & Home Furnishings - Vision
GIFTS & HOME FURNISHINGS - VISION The vision for the Gifts & Home Furnishings operating segment is to make Orrefors and Kosta Boda world leading-glass and crystal suppliers. Part of the vision also involves utilising innovative and playful design to make Sagaform a prominent player in Northern Europ
Slide 7: Activities in Focus
ACTIVITIES IN FOCUS
Slide 8: Teamwear
CRAFT ::- TEAMWEAR HAMMARBY FOTBOLL KAAGENT TEAM} SWEDEN = SVENSK FRIIDROTT Y Neo ve
Slide 9: Slide 9
Slide 10: Distribution Units
DISTRIBUTION UNITS Improvement of service level
Slide 11: Work Wear
WORK WEAR Our investments in the market continue!
Slide 12: Cutter & Buck
CUTTER & BUCK Great growth opportunities!
Slide 13: Financial Information
FINANCIAL INFORMATION
Slide 14: April - June: Net Sales
APRIL – JUNE NET SALES Sales amounted to SEK 1,689.0 (1,523.2) million 1 800 Sales increased by 11 % (6 % in local currencies) 1 600 1 400 Promo sales channel 7 %, retail 18 % 657.8 559.5 1 200 Growth in all regions 1 000 800 600 1031.2 963.8 400 200 0 Q2 2019 Q2 2018 Promo Retail
Slide 15: Net Sales
NET SALES m2015 ™2016 ™2017 m2018 ™2019
Slide 16: Net Sales per Operating Segment
NET SALES PER OPERATING SEGMENT Corporate +7 % Sports & Leisure +17 % Gifts & Home Furnishings +5 % 900 800 700 600 500 400 300 200 100 0 Q2 -19 Q2 -18 Q2 -19 Q2 -18 Q2 -19 Q2 -18 Promo Retail
Slide 17: Net Sales per Geographic Area
APRIL - JUNE NET SALES PER GEOGRAPHIC AREA SEK million Apr - Jun Share of Apr - Jun Share of Change Change 2019 net sales 2018 net sales SEK million % USA 459.3 27% 375.8 25% 83.5 22% Sweden 395.1 23% 374.5 25% 20.7 6% Central Europe 231.5 14% 215.0 14% 16.5 8% Nordic countries excl. Sweden 223.2 13
Slide 18: April - June: Income Statement
APRIL - JUNE Gross profit margin amounted to 46.5 (47.2) % SEK million Apr – Jun Apr – Jun 2019 2018 External costs and personnel costs amounted to a total of SEK -620.7 (-566.0) million Net sales 1 689.0 1 523.2 – More sales and marketing oriented activities Goods for resale -903.3 -804.2 – More em
Slide 19: Result for the Period
RESULT FOR THE PERIOD 180 160 140 120 100 20 Ql Q2 a3 m2015 ™2016 2017 ™2018 ™2019 Q4 GR OU P
Slide 20: EBITDA per Operating Segment
APRIL - JUNE EBITDA PER OPERATING SEGMENT All segments have higher net sales 140 Corporate – Higher sales and marketing activities as 120 well as distribution costs – IFRS 16 affected SEK 20.1 million 100 80 Sports & Leisure 60 – Higher sales and marketing activities as 105.2 109.9 well as distribut
Slide 21: Cash Flow
APRIL - JUNE CASH FLOW SEK million Apr - Jun Apr – Jun 2019 2018 Cash flow from operating activities before changes in working capital 143.8 128.3 Change in working capital -134.8 -3.7 Cash flow from operating activities 9.0 124.6 Investing activities -35.6 -41.6 Cash flow after investing activities
Slide 22: January - June: Net Sales
JANUARY – JUNE NET SALES Sales amounted to SEK 3,193.9 (1,523.2) million 3 500 Sales increased by 14 % (8 % in local currencies) 3 000 Promo sales channel 12 %, retail 17 % 2 500 1,252.0 1,068.8 Growth in all regions 2 000 1 500 1 000 1,941.8 1,727.5 500 0 Jan-jun 2019 Jan-jun 2018 Promo Retail
Slide 23: Net Sales per Operating Segment
NET SALES PER OPERATING SEGMENT Corporate +12 % Sports & Leisure +19 % Gifts & Home Furnishings +4 % 1800 1600 1400 1200 1000 800 600 400 200 0 Jan - Jun 2019 Jan - Jun 2018 Jan - Jun 2019 Jan - Jun 2018 Jan - Jun 2019 Jan - Jun 2018 Promo Retail
Slide 24: Net Sales per Geographic Area
JANUARY - JUNE NET SALES PER GEOGRAPHIC AREA SEK million Jan - Jun Share of Jan - Jun Share of Change Change 2019 net sales 2018 net sales SEK million % USA 835.0 26% 689.1 25% 145.8 21% Sweden 723.6 23% 670.6 24% 53.0 8% Central Europe 492.4 15% 439.0 16% 53.4 12% Nordic countries excl. Sweden 418.
Slide 25: January - June: Income Statement
JANUARY - JUNE Gross profit margin amounted to 46.8 (47.0) % SEK million Jan – Jun Jan – Jun 2019 2018 External costs and personnel costs amounted to a total of SEK -1,242.3 (-1,129.6) million Net sales 3 193.9 2 796.0 – More sales and marketing activities Goods for resale -1 698.6 -1 481.7 – More e
Slide 26: EBITDA per Operating Segment
JANUARY - JUNE EBITDA PER OPERATING SEGMENT All segments have higher net sales 250 Corporate – Higher sales and marketing activities as well as 200 distribution costs – IFRS 16 affected SEK 39.5 million 150 Sports & Leisure – Higher gross profit margin 100 163.2 – Higher costs for sales, marketing a
Slide 27: Cash Flow
JANUARY - JUNE CASH FLOW SEK million Jan - Jun Jan – Jun 2019 2018 Cash flow from operating activities before changes in working capital 193.1 129.5 Change in working capital -249.2 1.7 Cash flow from operating activities -56.1 131.2 Investing activities -73.9 -81.4 Cash flow after investing activit
Slide 28: Financial Key Figures
FINANCIAL KEY FIGURES Jan – Jun excl Jan – Jun Jan – Dec Jan – Dec 2019 IFRS 16 2018 2018 2017 Net sales growth, % 14.2 6.1 12.4 6.9 Number of employees 2 597 2 558 2 605 2 495 Gross profit margin, % 46.8 47.0 46.6 46.1 Operating margin before depreciation, % 8.4 6.5 6.9 8.9 9.5 Operating margin, %
Slide 29: CEO Comments
CEO COMMENTS ” April - June Good growth, 11 % (6 % in local currencies) and the 20th consecutive quarter with organic growth Operating result lower due to our investments in sales and marketing. It was the 20th consecutive January - June quarter of organic growth, which Net sales increase by 14 % (8
Slide 30: CEO Comments: The Future
CEO COMMENTS ” The Future The growth comes from our investments in market and sales. Not least Craft as a brand and the investment we have made on teams and clubs is developing well. We already have several national teams within a number of different sports and also large well-known clubs in several
Slide 31: Capital Market Day - Welcome!
CAPITAL MARKET DAY – WELCOME! TOMORROW AUGUST 21 HERE AT BARNHUSGATAN Start 8:30 Finish approx 16:30
Slide 32: We strive to make everyone who buys our products a happy customer
We strive to make everyone who buys our products a happy customer. If you choose to invest in New Wave Group we want you to know that we promise to take care of your investment in the best possible way we can through long term thinking, growth, stability and hard work!
Slide 33: New Wave Group
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