Interim Report January-September 2017

The third quarter is seasonally the weakest quarter in the envelope business but the development was according to plan and the improvement in earnings continued compared with the previous year. Given the high imbalance between paper supply and demand, Bong faces continued price increases from suppliers. Bongs biggest challenge for the coming period will be to increase the sales prices to the market in order to compensate for the increased prices from suppliers, says Bong’s CEO Håkan Gunnarsson.

July – September 2017
• Net sales increased to SEK 491 million (489)
• Operating profit before depreciation increased to SEK 13 million (3)
• Operating profit increased to SEK 2 million (-10)
• Non-recurring items amounted to SEK 0 million (0)
• Earnings after tax amounted to SEK -13 million (-25)
• Earnings per share amounted to SEK -0.06 (-0.12)
• Cash flow after investing activities amounted to SEK 9 million (-23) 

January – September 2017
• Net sales decreased with 3 percent to SEK 1,517 million (1,556)
• Operating profit before depreciation increased to SEK 62 million (33)
• Operating profit increased to SEK 28 million (-6)
• Non-recurring items amounted to SEK 0 million (0)
• Earnings after tax amounted to SEK -17 million (298)
• Earnings per share amounted to SEK -0.08 (1.44)
• Cash flow after investing activities amounted to SEK 16 million (4) 

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. The information was submitted for publication, through the agency of the contact person set out above, at 08.00 CET on November 16th 2017. 

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