New Wave Group Annual Report 2024 | Page 120

NWG // FINANCIAL INFORMATION // THE GROUP

Translation exposure

The Group accounts are also affected by translating the results and net assets of foreign Group companies into SEK. A change of 1 % of the currency exchange rates would impact sales by SEK 75.6( 75.0) million, calculated on the sales for 2024 where USD and EUR impact the most with SEK 22.0( 21.6) million and SEK 27.0( 26.9) million each. Such an effect on the exchange rates would impact closing equity by SEK 46.7( 43.2) million. The below table displays a sensitivity analysis regarding sales based on the preceding year ' s currency exchange rates, where a translation of this year ' s net sales to the exchange rates of the preceding year would have affected net sales by SEK-13.5( 359.5) million.

Liquidity risk

Due to the relatively capital-intensive nature of its activities and its expansive growth strategy, New Wave Group has a need to secure its funding. For a growth group like New Wave Group it is essential to ensure that sufficient liquidity is available to fund future expansion and that there is a high degree of flexibility when acquisition opportunities occur. It is also important that a sound balance between equity and financing through debt is kept, which is why New Wave Group’ s goal is to achieve an equity ratio in excess of 40 %. New Wave Group has a centralized finance function, which means that external borrowing is managed and administered centrally as far as possible. The liquidity generated in the Group is continuously transferred to New Wave Group’ s treasury center through various pooling systems and reduces the total credit volume. New Wave Group has not made any financial investments.

The total credit line as of December 31 amounted to SEK 2,670.3 million, of which SEK 2,150.0 million is in effect through December 2026, SEK 120.3 million is in effect through August 2027 and SEK 150.0 million has a term that extends to December 2030. The other SEK 250.0 million has a term of between three months and four years. The credit line is limited in amount to and dependent on the value of certain underlying assets. The financing agreement means that key figures( covenants) must be met in order to maintain the credit line. The group’ s key figures( covenants) were fulfilled as of December 31, 2024. Based on the current forecast, management deems that the Group will be able to meet these key ratios by a satisfactory margin going forward.

The tables below display the maturity analysis of the amortization of interest-bearing liabilities including contractual and undiscounted interest payments. Any planned future liabilities have not been included. Interest payments related to financial instruments with floating rate have been calculated based on the interest rate at year-end.

SEK million Maturity analysis of New Wave Group ' s loans

The table below displays the maturity for the Group ' s outstanding currency futures och unrealized amounts per year-end, distributed per currency. All contracts mature within twelve months from year-end.

2024 2023

SEK million Maturity analysis of New Wave Group ' s lease liabilities

2024 2023

2026 143.9 86.0

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120 // ANNUAL REPORT