Interim Report January-March 2018
The first quarter of the year developed according to plan and was slightly affected by an Easter effect compared to last year. Bong has been successful in passing on raw material price increases to the market with short lead time. This lead time had a temporary negative impact on earnings and working capital in the first quarter. During the first quarter, the integration of Intermail’s envelope production has been completed and this will have a positive effect on both turnover and earnings starting in the second quarter, says Bong’s CEO Håkan Gunnarsson.
January – March 2018
- Net sales amounted to SEK 538 million (545)
- Operating profit before depreciation decreased to SEK 23 million (30)
- Operating profit decreased to SEK 12 million (19)
- Non-recurring items amounted to SEK -2 million (-)
- Earnings after tax amounted to SEK -4 million (4)
- Earnings per share amounted to SEK -0.02 (0.01)
- Cash flow after investing activities amounted to SEK -1 million (22)
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).
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. The information was submitted for publication, through the agency of the contact person set out above, at 13.00 CET on 16 May 2018.