Brief: New Wave Group Q2 Operating Result Drops To SEK 119.6 Mln

New Wave AB

20/08/2019 06:04

Aug 20 (Reuters) - New Wave Group AB  NEWAb.ST :
    * INTERIM REPORT FOR THE SECOND QUARTER 2019 NEW WAVE GROUP
AB
    * Q2 NET SALES AMOUNTED TO SEK 1,689.0 MILLION, WHICH WAS 11
% (6
% IN LOCAL CURRENCIES) HIGHER THAN LAST YEAR (SEK 1,523.2
MILLION)
    * Q2 OPERATING RESULT AMOUNTED TO SEK 119.6 (137.3) MILLION.
    * RESULT FOR QUARTER IS BURDENED BY INCREASED COSTS THAT ARE
MAINLY RELATED TO MARKET ACTIVITIES WITHIN TEAM AND
INFRASTRUCTURE
    * CONTINUED SALES GROWTH WILL BE IN FOCUS BUT WE EXPECT TO
GRADUALLY INCREASE OPERATING MARGIN IN UPCOMING YEARS

Source text for Eikon:  ID:nWkr9m0tzM 
Further company coverage:  NEWAb.ST 

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