Interim report January – September 2010

​The merger with Hamelin’s envelope division has been completed and Bong hereby becomes the leading specialty packaging and envelope company in Europe,” says Bong’s President and CEO Anders Davidsson. “This is a milestone for us and the entire organisation is now mobilising to build a strong and customer-oriented company.

July - September 2010
• Merger with Hamelin’s envelope division completed
(consolidated as of October 2010)
• Net sales of MSEK 418 (424)
• ProPac sales of MSEK 72 (54)
• Operating profit of MSEK -9 (8), including transaction
costs of MSEK 15 for the merger with Hamelin
• Profit after tax of MSEK -18 (0), including transaction
costs of MSEK 15 for the merger with Hamelin
• Cash flow after investments of MSEK 2 (58)
• Earnings per share of SEK -1.35 (-0.02)

January - September 2010
• Net sales of MSEK 1,387 (1,402)
• ProPac sales of MSEK 233 (164)
• Operating profit of MSEK 15 (35), including transaction
costs of MSEK 15 for the merger with Hamelin
• Profit after tax of MSEK -11 (7), including transaction
costs of MSEK 15 for the merger with Hamelin
• Cash flow after investments of MSEK -17 (117)
• Earnings per share of SEK -0.86 (0.36)

For additional information contact Anders Davidsson, President and CEO of Bong 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 12 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).

Hamelin is the leading European stationery manufacturer, with total annual sales of EUR 700 million and 4,000 employees. Hamelin’s key brands are ELBA (Filing), CANSON (Fine arts) and OXFORD (Books and Pads). The Envelope business has annual sales of around Euro 170 million and 1,200 employees.

About Us

Bong is one of the leading providers of specialty packaging and envelope products in Europe and offers solutions for distribution and packaging of information, advertising materials and lightweight goods. Important growth areas in the Group are packaging within retail and e-commerce and the envelope market within Eastern Europe. The Group has annual sales of approximately SEK 2.1 billion and about 1,500 employees in 15 countries. Bong has strong market positions in most of the important markets in Europe and the Group sees interesting possibilities for continued development. Bong is a public limited company and its shares are listed on Nasdaq Stockholm (Small Cap).

Subscribe

Documents & Links