New Wave Group AB Annual report 2017 EN | Page 7

CORPORATE PROMO Net sales increased by 11 % to SEK 2,648.7 (2,388.6) million and EBITDA amounted to SEK 289.7 (250.8) million. The higher turnover was mainly due to increased marketing activities but also a good service level. Growth is occurring in all regions. The improved result is related to the increased turnover. SPORT & LEISURE Net sales amounted to SEK 2,311.5 (2,260.8) million, resulting in a growth of 2 %. EBITDA improved by SEK 35.8 million to SEK 230.3 (194.5) million. Sales increased mainly in Sweden and Central Europe as well as the promo sales channel. The higher result is related to higher turnover but also a better gross profit margin contributed. GIFTS & HOME FURNISHINGS Net sales amounted to SEK 637.1 million, which was 8 % higher than last year (SEK 587.7 million). EBITDA improved by SEK 3.6 million to SEK 14.4 (10.8) million. Sales grew in the retail sales channel and mainly in the Swedish market. The improvement is mainly turnover related but the segment also has higher costs for sales and marketing investments, as well as a slightly lower gross profit margin.