Note 26- Acquisition of Cotton Classics
Note 27- Subsequent events
NWG // FINANCIAL INFORMATION //
THE GROUP
Note 26- Acquisition of Cotton Classics
SEK million |
Fair value |
Other intangible fixed assets |
12 |
Tangible fixed assets |
63 |
Right-of-use assets |
7 |
Other long-term receivables |
1 |
Current assets |
320 |
Cash and cash equivalents |
95 |
Bank loan |
-56 |
Lease liabilities |
-7 |
Accounts payables and other short term payables |
-69 |
Identifiable net assets |
366 |
Goodwill |
214 |
Consideration |
580 |
Of which earnout |
-497 |
Deferred consideration |
-84 |
Acquired cash and cash equivalents |
95 |
Change in Group cash and cash equivalents |
-485 |
On 1 September, New Wave Group AB acquired 100 % of the shares in the Austrian promotional clothing company Cotton Classics Handels GmbH. The preliminary purchase price amounted to SEK 580 million, of which SEK 84 million represents deferred consideration. The final purchase consideration will be established upon completion of the closing balance sheet, which is expected to be finalized in spring 2026. The excess value arising from the acquisition is attributable to goodwill, which is primarily related to the expected future profitability of the business, geographical synergies, a strong e-commerce platform, and cost-side synergies. Revenue for the period September to December 2025 amounted to SEK 429 million, operating profit to SEK 34 million, and profit after tax to SEK 25 million. Acquisition-related expenses have been recognized on an ongoing basis among external costs.
The acquisition analysis is preliminary and may be adjusted.
Note 27- Subsequent events
No significant events have occurred after the balance sheet date.
138 // ANNUAL REPORT