New Wave Group AB (NEWA_B) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Yes, welcome to the presentation of Q1. I can start describing this as a very stable quarter. We are a bit, or I'm a bit disappointed that we still don't see any better markets. I say that it's the longest period ever for me. And then we have been on the stock exchange for 30 years when it's weak markets and unstable every time. And fortunately, I can say that I'm not the only one that thought that the market should improve the last three years, but it's still not happening. And I think as long as we have all this insecurity about the wars in Ukraine and in Iran now, and also in Gaza before, together with the politics that we have in the U.S. right now, or have had for a while, with tariffs and non-security and this i i don't think it will come a quick turnaround but i'm happy anyhow that we continue to take market shares we continue grow we have a quite good growth in u.s actually i i see that u.s i would describe as a better market than europe which is a surprise in in some ways because uh i was more worried for u.s and europe if i go back We had 2,800, just about 2,800 employees, 28 countries now. And we're selling in a few countries more than that, where we have agents and distributors. And the same three segments as before. Yeah, this year, all new, I think, corporate, sport, leisure and gifts and all. If I should comment the markets a little bit, the corporate market is more stable. It's not good, but it's more stable than retail. I saw some statistic, I think it was last week, on clothing in Sweden. And that was actually growing, where the clothing retail was growing, it was 7%. So I thought maybe, maybe it will be a turnaround. And then come the e-commerce out today or yesterday, minus 90% in Sweden for March. So it was the worst month for e-commerce in a lon...