Interim report January - June 2005

• Bong continued its positive earnings trend in the second quarter of 2005 with a profit before tax of SEK 9 (-3 1)) million. For the first six months of 2004, profit before tax was SEK 17 (-3 1)) million and profit after tax was SEK 12 (-2 2)) million. • Second quarter volumes were relatively stable compared with the prior year and net sales reached SEK 447 (444) million. Net sales for the first six months reached SEK 900 (934) million. • Earnings per share amounted to SEK 0.90 (-0.16 3)). • Cash flow after investment activities totalled SEK 18 (21) million for the second quarter and SEK 10 (29) million for the first half of the year. • Bong has signed an agreement for the sale of its Danish property. The sale will generate a capital gain of SEK 16 million in the third quarter. • A new action programme involving a reduction in staff by around 100 positions was initiated at the start of the third quarter.