NWG Annual Report 2019 - EN NWG Annual Report 2019 - EN | Page 5
N
ew
Wa v e G r o
up
2019
in summary
9%
49%
Net sales amounted to SEK 6,903.5 million, which was an
improvement of 10% (5% in local currencies) compared to the
previous year. The Group has seen growth during all
quarters and has also increased sales in all regions and in both
sales channels.
42%
Net sales per
operating segment
C
Corporate
Sports & Leisure
Gifts & Home Furnishings
60%
40%
Net sales per
sales channel
Promo
Retail
# # Net sales amounted to
SEK 6,903.5 million,
which was 10 % higher
than last year (SEK
6,290.6 million).
# # Operating result amounted
to SEK 535.0
(482.8) million.
orporate increased their net sales
by 9%. During the year, the Group
continued its efforts to improve its service
level and made further investments in new
distribution centers. This work includes
larger warehouses as well as improvements
in IT systems. In addition, the segment has
continued its efforts on the sales side, such
as an increase in the number sales staff and
a high level of marketing activities.
Sports & Leisure's investments in the
Craft brand and their teamwear collection
have intensified in 2019. In addition
to agreements with smaller clubs and
associations that form our base, Craft
signed new agreements with Hammarby
Fotboll, Swedish National Team in
Handball and extended the agreement
with the Swedish Athletics Association.
For the second year in a row, the brand was
named best supplier in the "Team Sports"
category by the German magazine SAZ
sport. Cutter & Buck is also developing well
and has good growth in Europe and Canada.
# # Result for the year
amounted to SEK
370.1 (360.0) million.
# # Earnings per share
amounted to SEK
5.66 (5.48 ).
The segment as a whole increased its net
sales by 12% compared to last year. In
addition to more marketing activities
(mainly related to teamwear), the segment
expanded its warehouses and made
improvements in IT systems.
Gifts & Home Furnishings increased
its net sales by 2%. However, the
improvement in sales was not sufficient to
cover the higher cost structure established
in the segment. EBITDA became negative
and measures have been taken to improve
earnings. In addition, a business combi-
nation has been made. This is expected to
complement existing brands.
Both sales channels improved their net
sales. Promo increased by 9% and retail
by 10%. The efforts made in the form of
expanded warehouses and improved IT
systems are related to both sales channels.
The Group's gross profit margin is at
the same level as last year and amounted
to 46.4 (46.6)%.
# # Cash flow from
operating activities
amounted to SEK 99.5
(222.6) million.
# # Equity ratio amounted
to 44.9 (48.6) %.
# # Net debt to equity
ratio amounted to
78.6 (53.3) %.
# # The Board of Directors has
decided to propose the
Annual General Meeting a
dividend of SEK 0 (2.00)
per share.