New Wave Group AB (NEWA_B) Q2 2026 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.251 -- 00:00:05.235 Welcome to the presentation of Q2 and the first half a year. 00:00:05.235 -- 00:00:10.299 I'm pretty happy with Q2 actually, where we show a growth in 00:00:10.299 -- 00:00:12.959 both sales and earnings. 00:00:13.101 -- 00:00:18.145 And it also feels a little bit, for the first time in many years actually, 00:00:18.145 -- 00:00:22.247 that the markets start to be a bit more positive. 00:00:22.642 -- 00:00:28.145 It's only one point I'm not happy with in this report, and that 00:00:28.145 -- 00:00:34.707 is the organic growth, where I was hoping for more than 4-5%. 00:00:35.629 -- 00:00:38.890 And I think we 00:00:38.890 -- 00:00:45.143 pretty soon will be there. We should also remember that we have several things that 00:00:45.143 -- 00:00:50.046 is happening this fall. For example, Dallas will start selling from all distribution 00:00:50.046 -- 00:00:53.008 from 1st of October. 00:00:53.008 -- 00:00:54.569 I think 00:00:54.569 -- 00:00:59.592 the costs on Dallas is around 10 million for the first six 00:00:59.592 -- 00:01:05.262 months and it will continue to cost money in the coming quarter. 00:01:05.262 -- 00:01:07.583 And then hopefully, 00:01:07.583 -- 00:01:11.625 and what I believe is that, and that is one of our biggest investments in many, many 00:01:11.625 -- 00:01:15.685 years, it will start contributing 00:01:15.866 -- 00:01:20.968 sales-wise, of course, from October, and profit-wise, I think it will be three to six 00:01:20.968 -- 00:01:25.849 months, and we will be up running at least break even there. 00:01:26.330 -- 00:01:30.512 So it's lots of interesting thing in front of us. 00:01:30.512 -- 00:01:33.593 Today, 2,877 employees, 28 countries, 00:01:35.858 -- 00:01:39.339 and three different segments as you know 00...