Year-end Report Q4, January-December 2020

October – December 2020

• Net sales decreased to SEK 505 million (568)
• Operating profit before depreciation increased to SEK 40 million (36)
• Operating profit before write-down of goodwill increased to SEK 23 million (22)
• Operating profit decreased to SEK -8 million (14)
• Earnings after tax amounted to SEK -19 million (-1)
• Earnings per share amounted to SEK -0.09 (-0.00)
• Cash flow after investing activities amounted to SEK 12 million (55)

January – December 2020

• Net sales decreased to SEK 1,843 million (2,166)
• Operating profit before depreciation decreased to SEK 96 million (121)
• Operating profit before write-down of goodwill decreased to SEK 31 million (44)
• Operating profit decreased to SEK -19 million (32)
• Earnings after tax amounted to SEK -66 million (-24)
• Earnings per share amounted to SEK -0.31 (-0.11)
• Cash flow after investing activities amounted to SEK 31 million (78)
• Repurchase of Bonds, nominal value SEK 21.75 million

Bong is one of the leading providers of envelope products in Europe that also 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 billion and about 1,200 employees in 13 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 Kai Steigleder, 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 13.15 CET on 11 February 2021.

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