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  • Mattias Östberg

    Group Management Assistant


    Uddevägen 3 291 54 Kristianstad
    +46(0)44-20 70 45
    http://www.bong.com

    • Quotes

    Bong has during the last year completely restructured the company and reduced the number of sites and personnel drastically in order to have a more lean and effective organization to be competitive in the tough envelope market. The rapid increase in paper prices from suppliers during the last year has successfully been passed on to the market to restore our margins. The turnaround is already seen in the figures and our goal to make profit on bottom line for 2016 is still valid
    Stéphane Hamelin
    Bong has successfully implemented its ambitious restructuring plan. Fixed costs have been drastically reduced and our factories are now running at full capacity. Despite increased inventories during the restructuring program, Bong’s service was in some cases not at the expected level; It is now restored. The recent closures of many envelope grade paper mills have resulted in continuous price increases from our suppliers. Bong is successfully passing them on to the market. In the new packaging organisation, the gift bag is performing well and we see a promising growth.
    Stéphane Hamelin
    The majority of Bong’s large restructuring program was launched during 2014 and is proceeding according to plan. The remaining part will be implemented before end of second quarter 2015 and we expect full effect of all initiatives in 2016. Despite high costs for restructuring, we achieved a positive cash flow in 2014 which secures the financing of the remaining restructuring costs and other extraordinary costs. With fewer and more efficient factories we expect further reductions in our working capital in the coming years. Our goal is to return to profit on bottom line latest 2016.
    Stéphane Hamelin, CEO
    The rights issue last summer helped to substantially strengthen the Group’s financial position,” says Bong’s President and CEO Anders Davidsson. ”The first positive effects from launched cost-cutting measures were visible already in the fourth quarter, in which operating expenses were clearly lower than previous year. We are now continuing to roll out our new comprehensive restructuring programme at a rapid pace.
    Anders Davidsson
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    Interim Report Q1, January-March 2021

    January – March 2021 · Net sales decreased to SEK 460 million (518) · Operating profit before depreciation increased to SEK 38 million (32) · Operating profit increased to SEK 22 million (5) · Earnings after tax amounted to SEK 9 million (-7) · Earnings per share amounted to SEK 0.04 (-0.04) · Cash flow after investing activities amounted to SEK 32 million (14) 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

    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

    Interim Report Q3, January-September 2020

    July – September 2020 · Net sales decreased to SEK 421 million (520) · Operating profit before depreciation decreased to SEK 23 million (29) · Operating profit decreased to SEK 3 million (6) · Earnings after tax amounted to SEK -8 million (-8) · Earnings per share amounted to SEK -0.04 (-0.04) · Cash flow after investing activities amounted to SEK 4 million (-7) January – September 2020 · Net sales decreased to SEK 1,338 million (1,598) · Operating profit before depreciation decreased to SEK 56 million (84) · Operating profit decreased to SEK -11 million (

    Interim Report Q2, January-June 2020

    April – June 2020 · Net sales decreased to SEK 399 million (507) · Operating profit before depreciation decreased to SEK 2 million (19) · Operating profit decreased to SEK -20 million (-3) · Earnings after tax amounted to SEK -31 million (-16) · Earnings per share amounted to SEK -0.15 (0.08) · Cash flow after investing activities amounted to SEK 1 million (-11) January – June 2020 · Net sales decreased to SEK 917 million (1,078) · Operating profit before depreciation decreased to SEK 34 million (56) · Operating profit decreased to SEK -15 million (12) ·

    Interim Report Q1, January-March 2020

    January – March 2020 · Net sales decreased to SEK 518 million (571) · Operating profit before depreciation decreased to SEK 32 million (37) · Operating profit decreased to SEK 5 million (15) · Earnings after tax amounted to SEK -7 million (2) · Earnings per share amounted to SEK -0.04 (0.01) · Cash flow after investing activities amounted to SEK 14 million (42) 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

    Year-end Report Q4, January-December 2019

    October – December 2019 · Net sales decreased to SEK 568 million (603) · Operating profit before depreciation increased to SEK 36 million (5) including IFRS 16 impact of SEK 15 million · Operating profit increased to SEK 14 million (-85) · Earnings after tax amounted to SEK -1 million (-123) · Earnings per share amounted to SEK 0.00 (-0.58) · Cash flow after investing activities amounted to SEK 55 million (-6) including IFRS 16 impact of SEK 13 million January – December 2019 · Net sales decreased to SEK 2,166 million (2,220) · Operating profit before

    Interim Report Q3, January-September 2019

    July – September 2019 · Net sales decreased to SEK 520 million (536) · Operating profit before depreciation increased to SEK 29 million inclu­ding IFRS 16 impact of SEK 15 million (22) · Operating profit decreased to SEK 6 million (12) · Earnings after tax amounted to SEK -8 million (-4) · Earnings per share amounted to SEK -0.04 (-0.02) · Cash flow after investing activities amounted to SEK -7 million including IFRS 16 impact of SEK 13 million (-12) January – September 2019 · Net sales decreased to SEK 1,598 million (1,617) · Operating profit before

    Interim Report Q2, January-June 2019

    April – June 2019 · Net sales decreased to SEK 507 million (543) · Operating profit before depreciation decreased to SEK 19 million (21) · Operating profit decreased to SEK -3 million (10) · Earnings after tax amounted to SEK -16 million (-17) · Earnings per share amounted to SEK -0.08 (-0.08) · Cash flow after investing activities amounted to SEK -11 million (-48) January – June 2019 ·  Net sales decreased to SEK 1,078 million (1,081) ·  Operating profit before depreciation increased to SEK 56 million (44) ·  Operating profit decreased to SEK 12 million (

    Interim Report Q1, January-March 2019

    January – March 2019 · Net sales increased to SEK 571 million (538) · Operating profit before depreciation increased to SEK 37 million (23) · Operating profit increased to SEK 15 million (12) · Earnings after tax amounted to SEK 2 million (-4) · Earnings per share amounted to SEK 0.01 (-0.02) ·  Cash flow after investing activities amounted to SEK 42 million (-1) 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

    Year-end report January-December 2018

    2018 was a challenging year for the envelope industry since we experienced one of the most drastic paper price increases in recent history. Overall we were relatively successful in passing on those price increases to our customers and to maintain our gross margins. However in some cases we had to accept time delays due to long term customer contracts which negatively affected our gross profit in 2018. In my opinion Bong managed this tough year operationally better than its competitors. Currently we see first signs of an easing on the supply side situation since paper prices seem to have

    Interim Report January-September 2018

    With the new financing in place for the next three years, Bong is now ready to continue the business development within both envelopes and light packaging. The positive sales trend continued for both segments in the third quarter. The profit margin increased slightly during the third quarter despite the continued price increases on raw material, says Bong’s CEO Kai Steigleder.July – September 2018 · Net sales increased to SEK 536 million (491) · Operating profit before depreciation increased to SEK 22 million (13) · Operating profit increased to SEK 12 million (2) · Earnings

    Interim Report January-June 2018

    The second quarter of the year had a strong sales development and Bong has continued to move its position forward on the European envelope market. The sales of light packaging also showed good growth in the second quarter compared to the same period last year, and Bong see several interesting opportunities to continue to grow in this area. In order to compensate for the increased raw material costs Bong has successfully implemented sales price increases to customers, which will improve the margins during the coming quarters, says Bong’s CEO Håkan Gunnarsson.April – June 2018 · Net

    Interim Report January-March 2018

    The first quarter of the year developed according to plan and was slightly affected by an Easter effect compared to last year. Bong has been successful in passing on raw material price increases to the market with short lead time. This lead time had a temporary negative impact on earnings and working capital in the first quarter. During the first quarter, the integration of Intermail’s envelope production has been completed and this will have a positive effect on both turnover and earnings starting in the second quarter, says Bong’s CEO Håkan Gunnarsson.January – March 2018 · Net sales

    Year-end report January-December 2017

    The fourth quarter developed positively for Bong. Stable envelope sales and qrowth in light packaging compared to previous year contributed to a continued improvement in earnings. The milestone of a positive result before tax for the full year was achieved. The cash flow was also strong and this allows for continued investments in light packaging to accelerate Bongs transformation, says Bong’s CEO Håkan Gunnarsson.October – December 2017• Net sales amounted to SEK 578 million (579)• Operating profit before depreciation increased to SEK 29 million (28)• Operating profit increased to

    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

    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

    Interim Report January-March 2017

    Earnings for the first quarter developed according to plan. It was also gratifying that the cash flow was strong and that the growth in light packaging continued. Our strategy, to increase the focus on light packaging while working on improving and making the envelope operations more efficient, remains, says Bong’s CEO Håkan Gunnarsson.January – March 2017 · Net sales decreased with 4 percent to SEK 545 million (567) · Operating profit before depreciation increased to SEK 30 million (24) · Operating profit increased to SEK 19 million (11) · Non-recurring items amounted to SEK

    Year-end Report January-December 2016

    The fourth quarter result was fairly strong, both within envelopes and light packaging, generating a strong cash flow. We can conclude that our increased focus towards sales of light packaging during 2016 has now started to show result in terms of growth. The focus towards light packaging will be intensified during 2017 and we will also continue our work to make the envelope business more efficient in order to be even more competitive in the market. The strong cash flow, especially in Q4, enable us to carry on with this strategy, says Bong’s CEO Håkan Gunnarsson.October – December 2016•

    Interim Report January-September 2016

    "Sterling devaluation has hit Bong hard since we were not able to pass on price increases to our customers at the same pace as the increasing cost. Bong is continuously decreasing its cost and, meanwhile, putting more and more focus on light packaging business as well as gift bags and paper carrier bags", says Bong’s CEO Stéphane Hamelin.July – September 2016• Net sales decreased with 13 percent to SEK 489 million (560)• Operating profit decreased to SEK -10 million (3)• Non-recurring items amounted to SEK -7 million (0)• Adjusted EBIT decreased to SEK -3 million (3)• Earnings

    Interim Report January-June 2016

    After the first half year Bong is on track, despite a fierce competition in the envelope market. The cash flow improved in the second quarter and strengthened Bong’s financial position further. The light packaging business, especially within retail, showed a solid growth during the second quarter according to plan. The uncertain political and financial situation in Europe makes it very difficult to predict the second half year but our goal is still to make profit on bottom line for 2016, says Bong’s CEO Stéphane Hamelin.April – June 2016 · Net sales decreased with 6 percent to SEK 500

    Interim Report January-March 2016

    After the implementation of the huge restructuring plan in the Bong Group the service level towards our customers has now been restored. Given the refinancing of the company, where we decreased our debt with approximately 500 MSEK, we see interesting opportunities to strengthen our market position on the envelope market and also to grow in certain segments within light packaging. The turnaround is already seen in the figures and our goal to make profit on bottom line for 2016 is still valid, says Bong’s CEO Stéphane Hamelin.January – March 2016 • Net sales decreased with 11 percent to

    Interim Report January-September 2015

    Bong has successfully implemented its ambitious restructuring plan. Fixed costs have been drastically reduced and our factories are now running at full capacity. Despite increased inventories during the restructuring program, Bong’s service was in some cases not at the expected level; It is now restored. The recent closures of many envelope grade paper mills have resulted in continuous price increases from our suppliers. Bong is successfully passing them on to the market. In the new packaging organisation, the gift bag is performing well and we see a promising growth, says Bong’s CEO Stéphane

    Interim Report January-June 2015

    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

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