NWG // 2021
-4%
Decrease in net sales
Corporate
Net sales for the year amounted to SEK 2,971.6 ( 3,104.8 ) million . The regions of Southern Europe and other countries decreased due to lower trading activities , while other regions increased compared with the previous year . The promo sales channel decreased its net sales which is due to the lower trading business while the retail sales channel increased . Operating result improved by SEK 91.8 million and amounted to SEK 440.8 ( 349.0 ) million . The higher result is mainly related to a higher gross profit margin .
29 %
Increase in net sales
Sports & Leisure
Net sales for the year increased by 29 % and amounted to SEK 2,792.5 ( 2,168.5 ) million . Sales increased in all regions and in both sales channels . Operating result increased by SEK 295.6 million and amounted to SEK 466.0 ( 170.5 ) million . The improvement is related to the higher net sales and improved gross profit margin . The segment ' s other income was positively affected by the forgiveness of government loans ( PPP loans ) in the USA of SEK 35.0 million .
16 %
Increase in net sales
Gifts & Home Furnishings
Net sales for the year increased by 16 % and amounted to SEK 954.5 ( 825.5 ) million . Sales increased in both sales channels . The higher net sales are mainly related to Sweden , but all regions improved their sales . Operating result improved by SEK 72.6 million compared with the previous year and amounted to SEK 99.1 ( 26.5 ) million , which is mainly attributable to the higher net sales and improved gross profit margin .
ANNUAL REPORT // 007