New Wave Group AB (NEWA_B) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the presentation of Q2 and the first half a year. I'm pretty happy with Q2 actually, where we show a growth in both sales and earnings. And it also feels a little bit, for the first time in many years actually, that the markets start to be a bit more positive. It's only one point I'm not happy with in this report, and that is the organic growth, where I was hoping for more than 4-5%. And I think we pretty soon will be there. We should also remember that we have several things that is happening this fall. For example, Dallas will start selling from all distribution from 1st of October. I think the costs on Dallas is around 10 million for the first six months and it will continue to cost money in the coming quarter. And then hopefully, and what I believe is that, and that is one of our biggest investments in many, many years, it will start contributing sales-wise, of course, from October, and profit-wise, I think it will be three to six months, and we will be up running at least break even there. So it's lots of interesting thing in front of us. Today, 2,877 employees, 28 countries, and three different segments as you know and maybe there I should say also that Sweden is now down to 20% of the sales and it will continue to decrease due to the investments we are doing and the acquisition of Cotton Classic that are not there yet yeah here's not much to comment We had, and I think based on questions I've had earlier today, we have maybe a small misunderstanding regarding the tariffs, because back to the result, it's only the tariffs on sold goods. The rest is deduction of the stock value that will strengthen the margins coming quarters instead. And if you look at the figures for half of the year, it's not any big effect of it. The result in Q1 should have been ...