PERIOD 1 JULY -
- Net sales amounted to
SEK 2,337.0 million , which was 5% higher than last year (SEK 2,234.4 million ). Currency changes affected net sales positively by 4% and acquired business by 7%. -
Operating result amounted to
SEK 381.1 (397.8) million. -
Result for the period amounted to
SEK 270.9 (304.0) million. -
Earnings per share amounted to
SEK 2.04 (2.29). * -
Cash flow from operating activities amounted to
SEK 173.3 (-200.4) million.
PERIOD 1 JANUARY -
- Net sales amounted to
SEK 6,777.0 million , which was 12% higher than last year (SEK 6,028.5 million ). Currency changes affected net sales positively by 5% and acquired business by 8%. -
Operating result amounted to
SEK 1,058.4 (957.9) million. -
Result for the period amounted to
SEK 752.7 (722.6) million. -
Earnings per share amounted to
SEK 5.67 (5.45). * -
Cash flow from operating activities amounted to
SEK 210.3 (-127.1) million. - Equity ratio amounted to 55.8 (54.0) %.
- Net debt to equity ratio amounted to 40.2 (36.1) %.
*Recalculated with regard to the 2:1 share split carried out in
CEO COMMENTS
New all-time high in net sales - a continuing good operating margin
Despite a very challenging market with price reductions on a number of basic goods, we increased our net sales to
The operating margin was 16.3% and is the second highest ever for a third quarter. Considering the challenging market, especially in retail, I am very satisfied, proud and happy with the result and can state that we continue to gain market share. I think the quarter's results show the strength we have even under more challenging conditions, which we have also shown many times before.
9 months - new all time high in both net sales and operating result
During the first 9 months, net sales increased to
Rolling 12 months
On a rolling full-year basis, net sales now amount to
In 2020, net sales were
Cash flow and balance sheet
Cash flow from operating activities amounted to
The future
We are very well equipped going forward in terms of organization, brands, products, etc. I am firmly convinced that we will continue to gain market share, which will mean good growth again when the market levels off or reverses.
Although it would be presumptuous to wish for a downturn in the economy, such an occurrence would provide opportunities for growth through acquisitions. We have now completed two acquisitions and we have both the financial and organizational resources to carry out more, if the right opportunities arise.
With a strong economy and balance sheet, we can maintain large stocks and full service on the stock range, which not all competitors likely will not be able to do. This will give us the opportunity to continue to gain market share. Above all, the sports industry has been and continues to be tough. This is due to declining sales, and also to the fact that our customers in sports had large stocks. This is gradually correcting itself, which within 1-2 quarters could benefit us given our ability to deliver from stock.
In a very short perspective, it is difficult to assess the market, but we should still be able to take market shares. Not in the least Craft, where we have very large growth opportunities in teamwear throughout
The journey has only just begun! Thanks everyone!
FOR MORE INFORMATION, PLEASE CONTACT:
CEO and Group CEO
Phone: +46 31-712 89 01
E-mail: torsten.jansson@nwg.se
Deputy CEO
Göran Härstedt
Phone: +46 (0) 70- 362 56 11
E-mail: goran.harstedt@nwg.se
CFO
Lars Jönsson
Phone: +46 31-712 89 12
E-mail: lars.jonsson@nwg.se
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