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Interim Report January–June 2013

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” A substantial injection of capital and new long-term financing have been secured, which will give the company a stable platform for continued improvement and development” says Bong’s President and CEO Anders Davidsson. “The previously announced cost-cutting programme is proceeding according to plan and is expected to produce a clear positive effect beginning in the fourth quarter of 2013.

April-June 2013

  • Net sales SEK 628 million (712)
  • Propac sales SEK 100 million (108)
  • Operating earnings SEK -20 million (-19)
  • Earnings after tax SEK -28 million (-27)
  • Cash flow after investments SEK -70 million (-3)
  • Earnings per share SEK -1.62 (-1.58)
  • Significant strengthening of the company’s financial position after proposed share issues - decision at Extraordinary General Meeting on 17 July
  • New long-term bank financing secured on better terms than previously

January-June 2013

  • Net sales SEK 1.305 million (1.528)
  • Propac sales SEK 205 million (228)
  • Operating earnings SEK -67 million (11), including non-recurring cost for restructuring programme of SEK -60 million (-40)
  • Earnings after tax SEK -76 million (-18)
  • Cash flow after investments SEK -86 million (-23)
  • Earnings per share of -4.33 (-1.00)

Presentation of the report
The report will be presented at a teleconference on 12 July at 13.00 CET. The conference telephone number is +46 (0)8 5052 0110. Slides for the teleconference will be available on our website bong.com on 12 July in connection with the publication of this report.

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 Russia. The Group has annual sales of approximately SEK 3 billion and about 2.100 employees in 15 countries. Bong has strong market positions in the majority of key markets in Europe, and the Group sees interesting possibilities for continued expansion and development. Bong is a public limited company and its shares are listed on NASDAQ OMX Stockholm Small Cap.

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).

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