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.

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).

Subscribe

Documents & Links