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23 December 2024

Torsten Jansson Sells Millions In New Wave Shares

CEO's stock transaction raises eyebrows as New Wave performs strongly on the market

Torsten Jansson, the CEO and principal owner of the Swedish brand company New Wave Group, has once again caught the attention of investors and market watchers after selling shares worth nearly 8.6 million SEK. This significant transaction aligns with the company’s strong performance, which recently showcased over 20 percent growth since the start of 2024.

The sale took place on December 18, when Jansson sold 90,000 shares at 95 SEK each, as reported to the Financial Supervisory Authority of Sweden. Despite the sizable transaction, Jansson continues to hold extensive ownership stakes, possessing 5.2 million B shares and 39.4 million A shares, translating to 81.9 percent of the voting rights within New Wave. This ownership stake amounts to approximately 4.3 billion SEK by market valuation.

This isn't the first time Jansson has opted to divest some of his holdings. Previously, he sold shares amounting to 110 million SEK to finance the construction of a multisport arena in his hometown of Kosta, where he expressed enthusiasm about contributing positively to the community. “I’m glad to have the opportunity to contribute to a healthier society,” he remarked on the initiative.

The immediate consequence of the recent stock sale, which Jansson executed outside the trading venue, saw New Wave’s shares dip slightly—around 2 percent—upon the announcement. Nevertheless, the company's growth this year has formed a solid backdrop against which this stock sale is measured.

Jansson's strategic decision to sell shares raises questions about potential future initiatives. Analysts indicate speculation around whether this might lead to new projects or investments within the New Wave brand, which Jansson originally founded back in the 1980s. The company, headquartered in Gothenburg, spans over 40 subsidiary companies involved in various sectors, including leisure apparel and promotional items.

Despite the dipping stock price, Jansson remains committed to New Wave’s vision and its operational goals, indicating flexibility and awareness of market dynamics. His recent sale may signal favorable liquidity for additional investments or community projects, reflecting his long-term vision beyond mere capital gains.

Investors and market analysts alike are watching closely to see how this sale will influence both Jansson's ownership strategy and the broader market performance of New Wave Group. Some analysts believe soaring demand for leisure and recreational products will continue to propel New Wave's growth, citing consumer trends favoring outdoor and sports-related activities.

While Jansson’s stock trades might appear to create volatility, they also indicate confidence and strategic positioning within the market. He still maintains overwhelming control over New Wave’s direction, ensuring decisions reflect his vision for the company. This delicate balance of power places Jansson at the heart of New Wave’s operational strategy moving forward.

Market analysts have shared optimistic views about New Wave Group's prospects, emphasizing its resilience and adaptability. The company’s recent surge is seen as indicative of broader trends within the apparel and lifestyle sector, bolstering Jansson’s position within the corporate structure as he aligns operational focus with market demands.

“Considering the strong performance and positive outlook for New Wave, we expect continued growth through 2025 and beyond,” mentioned one leading industry expert. Their confidence may stem from the global shift favoring brands with sustainable practices and consumer-driven innovations.

With Torsten Jansson at the helm and his recent financial maneuvers stimulating discussions about future strategies, New Wave stands at the precipice of opportunity within the competitive clothing and lifestyle market. Jansson’s influence, both through personal and corporate investment, will undoubtedly play a pivotal role as New Wave navigates upcoming challenges and opportunities.

The coming months may yield insights as to whether Jansson’s recent share sale is the precursor to new ventures or part of managing his existing portfolio. The outlook remains promising for both Jansson and New Wave Group, which continues to thrive amid changing market conditions.

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