Interim Report For The Third Quarter 2024 New Wave Group AB
January - September
New Wave Group is a growth company that designs, acquires and develops brands and products in the corporate promo, gifts and home furnishings sectors. The Group will achieve synergies by coordinating design, purchasing, marketing, warehousing and distribution of its product range. To ensure good diversification, the Group will market its products in the corporate promo market and the retail market.
The Group divides its operations into three operating segments: Corporate, Sports & Leisure and Gifts & Home Furnishings. Within Group management there are people with responsibility for each operating segment in order to coordinate operations.
New Wave Group's organisation is decentralised, with a high degree of independence and self-determination being delegated to company management.
The objective is for the companies to be run in an entrepreneurial spirit, while at the same time enjoying the benefits of belonging to a large group of companies. The products follow the operating segments, but have separate sales teams for the two sales channels promo and retail. The Group therefore consists of a large number of operational companies (about 70 in total), some of which belong to sub-groups. Board meetings are held about three times a year in each company or sub-group. The composition of the Boards depends on the company's direction and its stage of development. In addition to Group management, the expertise of MDs in "mature" companies is utilised on the Boards of local subsidiaries. The organisational model chosen by New Wave Group provides for effective benchmarking of profitability, tied-up capital and growth between companies, brands and markets. New Wave Group has also set internal targets for each company.
A warm welcome to the Great Business Day at Craft Arena, Thursday 14 November, 8:15 a.m. - 5:00 p.m. The [...]
Read moreCraft arena proudly presents charity event with Måns Zelmerlöw
Read moreNew Wave Group AB (publ) will publish its interim report for January-September 2024 on 7 November at 07.00 CET. The same day at 10.00 CET, a presentation of the report will be held via webcast or physical presence at Barnhusgatan 16 in Stockholm.
The presentation is in English and is concluded with a Q&A session.
For physical presence at the presentation, register by November 6 at 5:00 p.m. to johanna.lindberg@nwg.se.
Link to webcast: New Wave Group - Q3 Presentation 2024 - Finwire