OM:NEWA BLuxury
New Wave Group (OM:NEWA B) Stock Price Slides As Margin Questions Persist
The market has marked New Wave Group down over the past three months, with the stock falling about 9.9% to close near SEK89.55 on Friday. Yet the latest earnings print tells a calmer story. Q2 revenue landed at SEK2,611m with net income of SEK202m, and management framed operating profitability as “very, very good” despite an ongoing investment phase.
The real tension for investors sits in margins. Trailing net profit margin is reported at 7.7%, lower than a year earlier, at the same time as...