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Interim Report January-June 2015

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Bong has now fully implemented the comprehensive restructuring plan and the remaining factories are running at full capacity. The cash outflow for the restructuring plan will continue throughout the year and to some extent into Q1 2016. Due to the higher efficiency in production and the lower cost structure, Bong are now much more competitive in the tough envelope market. Given the high imbalance between paper supply and demand, Bong faces continued price increases from suppliers. As earlier mentioned, Bong’s biggest challenge for 2015 will be to increase the sales prices to the market in order to compensate for increased prices from suppliers, says Bong’s CEO Stéphane Hamelin.

April – June 2015

  • Net sales decreased with 10 percent to SEK 533 million (594)
  • Adjusted EBIT increased to SEK 0 million (-12)
  • Non-recurring items amounted to SEK -6 million (-5)
  • EBIT improved to SEK -6 million (-17)
  • Earnings after tax amounted to SEK -19 million (-32)
  • Earnings per share amounted to SEK -0.12 (-0.49)
  • Cash flow after investing activities SEK -58 million (-5)

January – June 2015

  • Net sales decreased with 7 percent to SEK 1,172 million (1,256)
  • Adjusted EBIT increased to SEK 15 million (-10)
  • Non-recurring items amounted to SEK -24 million (-50)
  • EBIT improved to SEK -9 million (-60)
  • Earnings after tax amounted to SEK -39 million (-77)
  • Earnings per share amounted to SEK -0.25 (-0.49)
  • Cash flow after investing activities SEK -54 million (-12)

This information is of the kind that Bong AB (publ) are obliged to publish pursuant to the securities market act and/or the act on trade with financial instruments. The information was given for publication at 11.30 am on 15 July 2015.

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 2.5 billion and about 1,800 employees in 16 countries. Bong has strong market positions in most of the important 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 Stockholm (Small Cap).

For further information, please contact Håkan Gunnarsson, CFO for Bong AB. Tel (switchboard) 46 44-20 70 00

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Interim report Q2 Bong

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