New Wave Group NEWA B
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Full analysis: 6 Apr 2026
Latest news check: 2 Aug 2026
General analysis — not personal advice.
HOLD
7/10
Confidence
Wait for the Q1 report; consider adding 10–20% if margins clearly stabilize.
The company's fundamental strength remains intact but uncertainty around margins and currency effects supports a hold stance ahead of the Q2 report.
Market sentiment
4/10
→
Trend: Stable
Sentiment remains cautious with ongoing pressure from margin development but stabilises somewhat due to reduced short interest and dividend confirmation.
Price context
The share price at 94.5 SEK sits close to the 52-week low after a 19.4 percent decline over twelve months, indicating that much of the macroeconomic uncertainty may already be priced in.
Risk assessment
6/10
Dilution:
Low
Cash-flow positive, no equity raise indicated
Jurisdiction:
Low
Mainly Sweden/EU/US, low political risk
Execution:
Medium
ERP rollout and acquisition integration must deliver
Recent changes
- Q1 delivered revenue growth but lower EBIT margin (8.6% from 9.7%) and EPS ~SEK 0.97, impacted by FX, acquisition costs, and IT/ERP plus warehouse investments.
About the company
New Wave Group designs, acquires, and develops brands across corporate profiling, sports & leisure, and gifts & home furnishings. The company is profitable and cash-flow positive, but margins have been pressured by FX, ERP investments, and acquisition integration.
Sector:
Retail and brand-driven consumer goods
Type:
Retail
Next report
20 Aug 2026
Q2
Catalysts
20 Aug 2026
Q2 report
High
4 Dec 2026
Second dividend record date
Low
Horizon:
Bull case
Stable growth in local currency and acquisition potential via share issuance can support recovery if margins stabilise.
Bear case
Currency effects and investment costs continue to pressure margins and reported results.
Signal rationale (informational)
The company's fundamental strength remains intact but uncertainty around margins and currency effects supports a hold stance ahead of the Q2 report.
Recent news
- The company approved a dividend of 3.00 SEK per share, appointed Sara Jacobson as new CIO and authorized issuance of up to 8 million B-shares for acquisitions. Two Sigma has reduced its short position below 0.5 percent.
Price & valuation
Last close
SEK 93.75
1 week
-0.5 %
3 months
-3.5 %
12 months
-20.6 %
From 52w high
-22.8 %
From 52w low
+3.8 %
Exchange
Stockholm
Type
Retail
Sector
Retail and brand-driven consumer goods
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Firelda provides general information and analysis, not personal investment advice. Content does not consider your financial situation or goals. Investments can rise and fall in value. Always do your own research.