Year-End report 2008

“We ended the year with a very strong cash flow in the fourth quarter” says Bong’s President and CEO Anders Davidsson. “It is satisfying to see how the entire organisation has started adjusting to new routines to reduce our working capital.”

• Net sales are reported at SEK 1,937 million (1,991) for the full year 2008 and SEK 508 million (518) for the fourth quarter.

• Bong’s ProPac packaging line showed continued rapid growth and accounted for SEK 238 million (200) of the Group’s total sales in 2008.

• Operating profit for 2008 improved to SEK 74 million (60) and profit after tax was SEK 10 million (16). Diluted earnings per share amounted to SEK 0.78 (1.17). Operating profit for the fourth quarter was SEK 20 million (25).

• Cash flow after investing activities for 2008 was very strong and amounted to SEK 144 million (1), mainly due to a reduction in the Group’s working capital by SEK 108 million. For the fourth quarter, cash flow after investing activities was SEK 87 million (39).

• On 31 December Bong raised its holding in the German envelope printer Lober from 50% to 70%.

• The Board of Directors proposes a dividend of SEK 1 per share (1) for the financial year 2008.