Brief: New Wave Group Q1 Oper Result Swings To Profit SEK 100 Mln

New Wave AB

16/04/2021 07:33

April 16 (Reuters) - New Wave Group AB  NEWAb.ST :
    * NEW WAVE GROUP'S PROFIT FOR THE FIRST QUARTER
SUBSTANTIALLY
EXCEEDS MARKET EXPECTATIONS
    * NEW WAVE GROUP EXPECTS TO REPORT A PROFIT FOR Q1 2021
WHICH
SUBSTANTIALLY EXCEEDS BOTH PREVIOUS YEAR AND MARKET EXPECTATIONS
BASED ON ANALYSTS' ESTIMATES, PRELIMINARY NUMBERS ARE RELEASED
FOR QUARTER.
    * OPERATING RESULT FOR Q1 2021 INCREASED BY SEK 124 MILLION
TO SEK
100 (-24) MILLION
    * NET RESULT INCREASED BY SEK 105 MILLION TO SEK 68 (-37)
MILLION.
    * FULL INTERIM REPORT FOR Q1 WILL BE RELEASED ON TUESDAY 27
APRIL
AT 07:00 CET
    * Q1 SALES AMOUNTED TO SEK 1,262 (1,441) MILLION, WHICH IS A
DECREASE OF 12% (7% IN LOCAL CURRENCIES).
    * Q1 NET RESULT INCREASED BY SEK 105 MILLION TO SEK 68 (-37)
MILLION

Source text for Eikon:  ID:nWkr3vC7Nq 
Further company coverage:  NEWAb.ST 

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