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The latest announcement is out from New Wave Group AB Class B ( ($SE:NEWA.B) ).
New Wave Group AB reported first-quarter 2026 net sales of SEK 2,328 million, up 6.6% year on year, with local-currency growth of 13.2% driven largely by acquisitions and 2.9% organic expansion. Despite a strong gross margin of 50.0% and stable operating cash flow of SEK 210 million, operating profit slipped to SEK 200 million and earnings per share fell to SEK 0.97 as investments and acquisition-related costs weighed on profitability.
Management highlighted that demand remains subdued and uneven across markets, but noted that the integration of Cotton Classics is on track and that newly introduced in-house brands have been well received. The company is deliberately prioritizing long-term investments in IT and logistics, including a new Dallas warehouse, to strengthen its position and capitalize on future opportunities when market conditions improve, underpinned by a strong balance sheet and liquidity.
The most recent analyst rating on ($SE:NEWA.B) stock is a Hold with a SEK112.00 price target. To see the full list of analyst forecasts on New Wave Group AB Class B stock, see the SE:NEWA.B Stock Forecast page.
More about New Wave Group AB Class B
New Wave Group AB is a Swedish company operating in the promotional, sports, and leisure sectors, offering branded textiles, gift items, and related products to corporate and retail customers across multiple international markets. The group focuses on building strong brands and maintaining a broad geographic presence, supported by both organic growth and acquisitions such as Cotton Classics.
Average Trading Volume: 303,624
Technical Sentiment Signal: Hold
Current Market Cap: SEK13.59B
For an in-depth examination of NEWA.B stock, go to TipRanks’ Overview page.