NWG // 2022
40 %
Increase in net sales
Corporate
Net sales for the year amounted to SEK 4,152.0 ( 2,971.6 ) million . Acquired operations had a positive impact of SEK 247.0 million or 8 %. All regions had improved net sales . The promo sales channel increased , while the retail trade decreased compared to last year . Operating result improved by SEK 372.3 million and amounted to SEK 813.1 ( 440.8 ) million . The higher result is mainly related to the higher net sales and a higher gross profit margin . Acquired operations contributed SEK 20.8 million ( after acquisition costs ).
35 %
Increase in net sales
Sports & Leisure
Net sales for the period January-December increased by 35 % and amounted to SEK 3,782.3 ( 2,792.5 ) million . The segment had higher net sales in all regions and both sales channels increased . Operating result increased by SEK 181.3 million and amounted to SEK 647.3 ( 466.0 ) million . The improvement is mainly related to the higher net sales , partially offset by higher costs . Last year ' s operating result was positively affected by forgiven government loans ( PPP loans ) in the USA of SEK 35.2 million .
-5%
Decrease in net sales
Gifts & Home Furnishings
Net sales for the period January-December decreased by 5 % and amounted to SEK 909.3 ( 954.5 ) million . The lower net turnover is mainly related to Sweden . However , the Nordic region excluding Sweden improved its net sales . Sales decreased in both sales channels . Operating result decreased by SEK 54.4 million compared to the previous year and amounted to SEK 44.7 ( 99.1 ) million . The lower result was largely related to the fact that companies in Sweden had the opportunity for an extra tax deduction for gifts to staff of SEK 2,000 per employee during the COVID- 19 pandemic . This extra deduction was removed in 2022 . The segment has also had higher costs related to market investments , energy costs and more employees .
ANNUAL REPORT // 007