New Wave Group AB (0KIZ), the Swedish clothing and corporate merchandise company, has reported a strong set of third-quarter 2026 results, with net sales rising 11.3% to a record SEK 2,661 million and operating profit jumping to SEK 352 million from SEK 253 million a year earlier. The figures cover the period 1 July to 30 September 2026 and were published on 11 November 2026. The results also confirmed the completion of the strategically significant Uhlsport acquisition on 1 October 2026, which investors will be monitoring closely for its near-term margin impact.

Key Points

  • New Wave Group AB (0KIZ), Swedish sportswear, corporate wear and promotional merchandise group
  • Q3 2026 net sales reached a new all-time high of SEK 2,661 million, up 11.3% year-on-year, with organic growth of 3%
  • Operating margin expanded to 13.2% from 10.6%; earnings per share rose to SEK 1.77 from SEK 1.25; equity ratio stood at 50.9%
  • Investors should watch the margin impact of the Uhlsport acquisition and the new Dallas warehouse ramp-up over coming quarters

New Wave Group Posts All-Time Q3 Sales Record and 39% Operating Profit Increase

New Wave Group delivered what CEO Torsten Jansson described as a new all-time high for a third-quarter period, with net sales of SEK 2,661 million compared with SEK 2,390 million in Q3 2025. In local currencies, net sales grew by 10.2%. Operating profit increased by SEK 99 million to SEK 352 million, lifting the operating margin to 13.2% from 10.6%. Profit for the period reached SEK 253 million, up from SEK 166 million, while earnings per share improved to SEK 1.77 from SEK 1.25. The gross profit margin held broadly stable at 50.1% versus 50.0% in the prior-year quarter.

Nine-Month 2026 Performance Reflects Sustained Revenue and Earnings Momentum

For the nine months ended 30 September 2026, New Wave Group recorded net sales of SEK 7,601 million, up 10.6% from SEK 6,874 million, also described as a record level. In local currencies, the nine-month growth rate was 12.6%. Operating profit for the period rose by SEK 140 million to SEK 846 million, with the operating margin improving to 11.1% from 10.3%. Profit for the nine-month period reached SEK 566 million versus SEK 477 million, while earnings per share advanced to SEK 4.26 from SEK 3.59. Cash flow from operating activities improved markedly to SEK 430 million from SEK 119 million over the same period.

Uhlsport Acquisition Completed and Dallas Warehouse Now Operational

New Wave Group completed the acquisition of Uhlsport on 1 October 2026, after the close of the reporting period. The announcement describes this as one of the group's most strategically important acquisitions, positioning the company as a complete supplier in the club and teamwear segment. The CEO cautioned that Uhlsport will initially weigh on both gross profit margin and operating margin. Separately, a new warehouse in Dallas became operational at the start of October, which the company expects to support continued US growth, though it anticipates that the full benefit will take several quarters to materialise.

Balance Sheet Strength Supports Further Acquisitions as Near-Term Margin Pressures Loom

The group's balance sheet remained robust at the end of September 2026, with an equity ratio of 50.9% and total equity of SEK 7,380 million. The CEO confirmed the intention to continue investment, albeit at a more moderate pace, and stated the group has the financial and organisational capacity for further acquisitions if suitable opportunities arise. Investors will be watching whether the integration of Uhlsport, combined with ongoing investments in new establishments, constrains near-term margins even as the underlying revenue trajectory remains positive.