New Wave Group Ab Class B · OMXSTO:NEWA_B
New Wave Group Ab Class B — Q1 2011 Earnings Presentation
22 slides from New Wave Group Ab Class B's earnings presentation, Apr 27, 2011
Slide 1: Presentation Interim report Jan-Mar 2011
Presentation 27 april Interim report Jan - mar 2011
Slide 2: This is New Wave Group
This is New Wave Group • New Wave Group is a growth company. We create, acquire and develop brands and articles for the Corporate Promo and Retail sales channels. • We have three business areas: Promo; workwear, promo wear, and gifts & giveaways to independent promo companies, Sports & Leisure and G
Slide 3: Historical development
Historical development The image cannot be displayed. Your computer may not have enough memory to open the image, or the image may have been corrupted. Restart your computer, and then open the file again. If the red x still appears, you may have to delete the image and then insert it again.
Slide 4: New Wave Group…
New Wave Group… … has more than 40 brands in its brand portfolio. … has subsidiaries in 20 countries. … is Sweden’s largest supplier of sports articles, brands include Craft, Seger, Umbro, Speedo and Clique. … is Europe’s second largest supplier of promo articles with more than 18 fully owned brands
Slide 5: Corporate promo
Corporate promo • Promowear • Promotional gifts • Workwear
Slide 6: Vision - promo
Vision - promo Our vision is to become Europe’s leading supplier of promo articles by offering: • High quality products • Strong brands • Knowledge and service • A superior overall concept to resellers Expansion through: • Acquisitions • Geographical expansion of existing concepts/brands • New count
Slide 7: Retail
Retail • Specialised stores for gifts • Home interior • Home textiles • Specialised stores for sports articles • Specialised stores for shoes
Slide 8: Retail
Retail • New Wave’s retail operation is divided into two categories: – Sports & Leisure • Fully owned brands • Licensed brands – Gifts & Home Interior • Fully owned brands
Slide 9: Vision – Retail
Vision – Retail • We shall become the Nordic countries’ leading supplier of sports and leisure wear. • Make the fully owned brands Craft and Seger internationally renowned functional sportswear brands. • Develop Sagaform into one of Europe’s leading brands on kitchenware, chinaware and gifts. • Deve
Slide 10: The larger Group's synergies – the smaller companies' flexibility
The larger Group’s synergies – the smaller companies’ flexibility Promo HIGH END Promo wear PRODUCTS Promo gifts Warehouse Logistics Workwear NEW WAVE GROUP Retail Design / Product Purchasing development Sportswear Textiles Gifts BASIC Home interior PRODUCTS
Slide 11: January - March 2011
January - March 2011 q Sales amounted to SEK 928 million, which was 8% higher then previous year in local currencies and 1% higher in SEK (SEK 915 million). q Operational profit amounted to SEK 17.7 (16.9) million q Profit after tax SEK 5.7 (7.6) million q Cash flow from operations amounted to S
Slide 12: Comments January-March 2011
Comments January-March 2011 q Sales 1%, SEK 928 (915) million – Sales in local currencies +8% (currency effect SEK -62 million or -7%) – Promo improved, but also Sport & Leisure. Gifts & Home Interior weak. – All our geograhical regions are showing growth (local currency). – Saleschannel promo is s
Slide 13: Sales per region
Sales per region JAN-MAR Part of JAN-MAR Part of Change % 2011 turnover 2010 turnover MSEK Sweden 272 29% 263 29% 9 3 USA 171 19% 171 18% 0 0 Nordic countries 151 16% 145 16% 6 4 Central Europe 197 21% 199 22% -2 -1 South Europe 103 11% 102 11% 1 1 Other countries 34 4% 35 4% -1 -3 Total 928 100% 91
Slide 14: Comments January-March 2011
Comments January-March 2011 q Operating margin 1.9 (1.9) % q Profit margin 0.8 (1.1) % q Profit after tax SEK 5.7 ( 7.6 ) million – Earnings per share SEK 0.08 (0.11)
Slide 15: Income statement
Income statement 3 mths 3 mths jan-mar jan-mar SEK Million 2011 2010 Net sales 927.6 915.3 Goods for resale -493.9 -477.9 Gross profit 433.7 437.4 Other operating income 12.6 5.1 External costs -241.5 -240.4 Personnel costs -168.2 -167,0 Depreciation/amorization -11.1 -14.9 Other operating costs -7.
Slide 16: Net sales
Net sales 1500 1200 900 600 300 0) Q) Q2 Q3 Q4 2006 2007 ij 200s J 2000 J 2010 J 201
Slide 17: Profit before tax
Profit before tax 200 150 100 0 Z im i U -50 -100 Ql Q2 Q3 Q4 2006 2007
Slide 18: Cash flow January-March 2011
Cash flow January-March 2011 3 mths 3 mths jan-mar jan-mar SEK Million 2011 2010 Cash flow from operating act. before changes in working capital -22.6 20.1 Changes in working capital -120,0 45.3 Cash flow from operating activities -142.6 65.4 Investing activitites -27.1 -16,0 Cas h flow after invest
Slide 19: Stock
Stock q Amounted to SEK 1 687 (1 587) million per 31 March 2011 ─ Goods for resale SEK 1 501 million (1 420) ─ Raw materials, good in transit etc SEK 186 million (167) ─ Provision for obsolete goods SEK 64 million (67) Stock is now on the expected level and the supply situation is becoming better.
Slide 20: Financial highlights – summary
Financial highlights – summary 3 mths 3 mths 12 mths 12 mths jan - mar jan - mar jan - dec jan - dec 2011 2010 2010 2009 Sales growth % 1.3 -6.6 3.8 -11.2 Number of employees 2 181 2 140 2 196 2 203 Gross margin % 46.8 47.8 47.1 46.5 Operating margin bef. depreciation % 3.1 3.5 9.1 5.9 Operating mar
Slide 21: Outlook for 2011-2014
Outlook for 2011-2014 2011 – We expect profit growth and a higher turnover than 2010 2012-2014 – Sales and earnings growth. Better focus on cash flow than previous years.
Slide 22: We aim to make everyone who buys our products a happy customer
We aim 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 know how — through long-term thinking, growth, stability, and hard work!