Interim report January – June 2010

​“At fixed exchange rates, we recorded growth of 6% compared to the first half of 2009,” says Bongs President and CEO Anders Davidsson. “Tyvek® sales are off to a good start in all markets and order intake for our ProPac products gives us continued reason to feel optimism for the second half of the year. Rising prices for fine paper put pressure on profitability and cash flow in the second quarter.”

April-June 2010
• Net sales of SEK 468 million (457)
• ProPac sales of SEK 84 million (54)
• Operating profit of SEK 11 million (13)
• Profit after tax of SEK 2 million (4)
• Cash flow after investments of SEK -32 million (18)
• Earnings per share of SEK 0.08 (0.24)

January-June 2010
• Net sales of SEK 970 million (977)
• ProPac sales of SEK 161 million (114)
• Operating profit of SEK 24 million (27)
• Profit after tax of SEK 6 million (7)
• Cash flow after investments of SEK -19 million (59)
• Earnings per share of SEK 0.40 (0.38)
• Acquisition of Tycon in Luxembourg

For additional information contact Anders Davidsson, President and CEO of Bong Ljungdahl AB. Telephone (switchboard) +46 (0)44 20 70 00, (direct) +46 (0)44 20 70 80, (mobile) +46 (0)70 545 70 80.

Bong is a leading European provider of specialised packaging and envelope products and offers solutions for distribution and packaging of information, advertising materials and lightweight goods. Two important growth areas in the Group are the ProPac packaging concept and Russia. The Group has annual sales of approximately SEK 2 billion and some 1,200 employees in 13 countries. Bong has a strong market position, particularly in Northern Europe, and the Group sees attractive opportunities for further expansion and development. Bong is a public limited company and its shares are quoted on the NASDAQ OMX Nordic Stock Exchange Stockholm (Small Cap).