Brief: New Wave Group's Q1 Profit Substantially Exceeds Market Expectations

New Wave AB

12/04/2022 11:26

April 12 (Reuters) - New Wave Group AB  NEWAb.ST :
    * PROFIT FOR THE FIRST QUARTER SUBSTANTIALLY EXCEEDS MARKET EXPECTATIONS
    * EXPECTS TO REPORT SALES AND PROFIT FOR Q1 2022 WHICH SUBSTANTIALLY EXCEEDS BOTH PREVIOUS
YEAR
AND MARKET EXPECTATIONS BASED ON ANALYSTS' ESTIMATES, PRELIMINARY NUMBERS ARE RELEASED FOR
QUARTER
    * OPERATING RESULT FOR Q1 2022 INCREASED BY SEK 109.0 MILLION TO SEK 209.1 (100.1) MILLION.
    * NET RESULT INCREASED BY SEK 85.8 MILLION TO SEK 153.5 (67.7) MILLION
    * Q1 NET RESULT INCREASED BY SEK 85.8 MILLION TO SEK 153.5 (67.7) MILLION

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