Affärsvärlden remains positive on branded goods company New Wave in a comment on Wednesday after the third-quarter report, which showed solid growth and higher profit than expected.
However, the underlying margin trend is not as impressive as the figures initially suggest. At the same time, the latest acquisition offers enticing potential. Overall, the third quarter was a good quarter for New Wave, the newspaper assesses.
“The share is up 22 percent since the buy recommendation this spring. Earnings growth is expected to be good in the coming quarters, and we remain positive on the share”, Affärsvärlden writes in its conclusion.
