Interim Report January-June 2017

Also the second quarter developed according to plan and the improvement in earnings continued compared with the previous year. Sales in light packaging was slightly lower in the quarter compared to the previous year. Bong has many interesting ongoing projects in this area, and there are reasons to believe that the growth will gain new momentum in the second half of the year. Cash flow during the second quarter was affected negatively by the stock building that occurred prior to the holiday period in order to secure our customers’ deliveries, says Bong’s CEO Håkan Gunnarsson.

April – June 2017
• Net sales decreased with 4 percent to SEK 481 million (500)
• Operating profit before depreciation increased to SEK 19 million (5)
• Operating profit increased to SEK 7 million (-8)
• Non-recurring items amounted to SEK 0 million (0)
• Earnings after tax amounted to SEK -8 million (-20)
• Earnings per share amounted to SEK -0.04 (-0.10)
• Cash flow after investing activities amounted to SEK -12 million (20)

January – June 2017
• Net sales decreased with 4 percent to SEK 1,026 million (1,066)
• Operating profit before depreciation increased to SEK 49 million (30)
• Operating profit increased to SEK 26 million (4)
• Non-recurring items amounted to SEK 0 million (0)
• Earnings after tax amounted to SEK -5 million (323)
• Earnings per share amounted to SEK -0.03 (1.58)
• Cash flow after investing activities amounted to SEK 7 million (27)

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 1,500 employees in 15 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).

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

This is information that Bong AB is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out above, at 10.45 CET on July 12th 2017.

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