New Wave Group B

The Stockholm-listed textile group New Wave Group has signed an agreement to acquire 100% of Uhlsport’s shares; the transaction is expected to close by early October. Uhlsport will remain independent with its headquarters in Balingen, management under Melanie Steinhilber and the brands Uhlsport and Kempa will be retained. Uhlsport most recently generated around €67 million in sales and recorded a small loss; worldwide it employs 224 people, 193 of them in Germany. For the 157 employees at the main site, possible personnel consequences are still unclear; during the transition phase future structures will be examined jointly. » Más en de.investing.com

New Wave Group reported net sales of SEK 2.6 billion in Q2 (+14.6%), an operating profit of SEK 295 million and an operating margin of 11.3%. Organic growth was 2.2%, well below management’s target of 4–5%, weighed down by weaknesses in retail and the UK. Acquisitions such as Cotton Classic and investments in Dallas and Toppoint supported reported growth; management expects margin improvements in the second half of 2026. The share is trading near its 52-week low, reflecting investor caution about the slow organic trend. » Más en de.investing.com

New Wave Group reports currency-adjusted revenue growth of 13.2% for Q1 2026 (reported net sales SEK 2,328m, +6.6%) with an operating profit of SEK 200m and an operating margin of 8.6% (prior year 9.7%). The quarter was weighed down by negative currency effects, temporary costs for ERP implementation (SEK 18m) as well as integration and acquisition costs, which reduced net income for the period to SEK 129m (EPS SEK 0.97). The share price plunged about 50.8% after the results as investors feared currency risks, the cost timetable and weak European consumer demand. The balance sheet remains solid with a rising equity ratio and slightly lower net debt, while management reaffirms long-term growth and margin targets. » Más en de.investing.com