New Wave Group AB (NEWA_B) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to this presentation of Q1 2025. We have had a quite good start and it's probably a small positive effect by the Eastern. It comes into Q2 instead in sports and leisure and corporate. In gift and home furnishing we have the opposite effect actually. where Eastern is a very strong period in Costa that comes into Q2 instead. But in total, I would say it's a small positive period effect by Eastern. But I think it feels very, very stable. I read newspapers every day that it's ups and downs everywhere. But I think it's less good environment now than three months ago, especially in the U.S., where people and companies are more negative and more worried. But we're still growing there as well. New Wave Group is It hasn't changed so much since last quarter, but just below 2,500 employees, 25 countries and three different segments. And if I should point out something that makes me more happy than other things is that we are growing actually in both channels, both retail and corporate in all three segments and on all geographical markets. That I think is really a proof on how strong we are. today. Important on this map is also the sourcing activities. I can't say that we foresee what Trump should do and we still can't. We thought some years ago that it was a chance that he would be re-elected again. And we know that it was ups and downs about tariffs and things also last time he was there. So I'm very happy we started upsourcing in Africa as well. So we are very, very well prepared for the situation that maybe will occur. It seems to change every day. uh and we have moved quite a lot of production already before this to ethiopia to kenya and to egypt and also the new buying office in alexandria in egypt that will handle africa is working very very well today so i'm not ...