New Wave Group Annual Report 2023 | Page 7

NWG // 2023

15 %

Increase in net sales
Corporate
Net sales for the year amounted to SEK 4,757.1 ( 4,152.0 ) million . Acquired operations had a positive impact of SEK 445.6 million or 11 %. Central and Southern Europe and the Nordics ( excl . Sweden ) increased their net sales , while the regions USA , Sweden and Other countries decreased . Both sales channels increased their net sales . Operating result improved by SEK 129.6 million and amounted to SEK 942.7 ( 813.1 ) million . The higher result is mainly related to the higher net sales . The acquired unit contributed SEK 28.1 million .

2 %

Increase in net sales
Sports & Leisure
The annual net sales increased by 2 % and amounted to SEK 3,874.6 ( 3,782.3 ) million . Acquired operations had an impact of SEK 74.9 million or 2 %. The segment had higher net sales in all regions except the Nordics ( excl . Sweden ) and Other countries . Both sales channels increased . Operating result decreased by SEK 29.6 million and amounted to SEK 617.7 ( 647.3 ) million . The decline in earnings is related to higher costs but has an improved gross profit margin . Acquired unit contributed SEK 2.7 million and a positive profit impact was reported in connection with the acquisition of SEK 6.5 million .

-3%

Decrease in net sales
Gifts & Home Furnishings
Net sales for the year decreased by 3 % and amounted to SEK 881.1 ( 909.3 ) million . All regions had a lower net turnover and it was the promo sales channel that experienced a decline . Retail sales were on par with last year . Operating result decreased by SEK 27.9 million compared to the previous year and amounted to SEK 16.8 ( 44.7 ) million . The lower result was related to the lower net sales and higher costs from increased market activities and a higher number of employees .
ANNUAL REPORT // 007