Interim Report January-June 2011

“The merger with Hamelin is progressing as planned and a new, stronger Bong is taking shape. A great deal has already been accomplished in the work to realise synergies, which is continuing full force,” says Bong President and CEO Anders Davidsson. “However, the volume trend for envelopes is weaker than expected. Combined with continued price increases on uncoated fine paper and other raw materials, this is putting pressure on earnings. We are working hard to pass on the price increases and further reinforce our cost efficiency programme.”

April-June 2011
• Net sales of SEK 747 million (468)
• ProPac sales of SEK 118 million (84)
• Operating profit of SEK 16 million (11)
• Earnings after tax of SEK -2 million (2)
• Cash flow after investments of SEK 37 million (-32)
• Earnings per share: SEK -0.09 (0.08)

January-June 2011
• Net sales of SEK 1,602 million (970)
• ProPac sales of SEK 236 million (161)
• Operating profit of SEK 42 million (24)
• Profit after tax of SEK 7 million (6)
• Cash flow after investments of SEK 67 million (-19)
• Earnings per share: 0.40 (0.40)

For further information, please contact Anders Davidsson, President and CEO, Bong AB.
+46 (0)40 17 60 00 (main exchange), +46 (0)40 17 60 05 (direct line), +46 (0)70 545 70 80 (mobile).

Bong is a leading provider of specialised packaging and envelope products in Europe, offering solutions for distribution and packaging of information, advertising materials and lightweight goods. Important growth areas in the Group are the ProPac packaging concept and the Russian market. The Group has annual sales of approximately SEK 3.5 billion and about 2,500 employees in 15 countries. Bong enjoys strong market positions, particularly in northern Europe, and the Group sees attractive opportunities for further expansion and development. Bong is a public limited company whose stock is quoted on the NASDAQ OMX Nordic Stock Exchange Stockholm (Small Cap).