Interim Report January-June 2018

The second quarter of the year had a strong sales development and Bong has continued to move its position forward on the European envelope market. The sales of light packaging also showed good growth in the second quarter compared to the same period last year, and Bong see several interesting opportunities to continue to grow in this area. In order to compensate for the increased raw material costs Bong has successfully implemented sales price increases to customers, which will improve the margins during the coming quarters, says Bong’s CEO Håkan Gunnarsson.

April – June 2018

  • Net sales increased to SEK 543 million (481)
  • Operating profit before depreciation increased to SEK 21 million (19)
  • Operating profit increased to SEK 10 million (7)
  • Non-recurring items in operating profit amounted to SEK 4 million (0)
  • Non-recurring items in the finance net amounted to SEK -10 million (0)
  • Earnings after tax amounted to SEK -17 million (-8)
  • Earnings per share amounted to SEK -0.08 (-0.04)
  • Cash flow after investing activities amounted to SEK -48 million (-15)
  • The work to refinance Bong’s bond has started in line with previous communication

January – June 2018

  •  Net sales increased to SEK 1,081 million (1,026)
  •  Operating profit before depreciation decreased to SEK 44 million (49)
  •  Operating profit decreased to SEK 20 million (26)
  •  Non-recurring items in operating profit amounted to SEK 2 million (0)
  •  Non-recurring items in the finance net amounted to SEK -10 million (0)
  •  Earnings after tax amounted to SEK -21 million (-5)
  •  Earnings per share amounted to SEK -0.11 (-0.03)
  •  Cash flow after investing activities amounted to SEK -46 million (7)

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 1,400 employees in 12 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).

For further information, please contact Håkan Gunnarsson, CEO for Bong AB. Tel (switchboard) 46 44-20 70 00 

This is information that Bong AB is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out above, at 12:00 CET on July 12th 2018.

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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 1,400 employees in 14 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).

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