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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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    HÅKAN GUNNARSSON APPOINTED AS NEW CEO FOR BONG

    The Board of Directors have appointed Håkan Gunnarsson as new CEO for Bong AB. Håkan Gunnarsson will assume the CEO position as of 1 January 2017. Håkan Gunnarsson has served as CFO in Bong over the last four years.After a successful restructuring process Stéphane Hamelin will step down as CEO by year end and the transition of duties to Håkan Gunnarsson will start during the fourth quarter. The recruitment process for a new CFO will start immediately. Stéphane Hamelin will continue to be a member of the board and will also remain Bong’s largest shareholder. “Håkan Gunnarsson has worked

    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

    Year-end Report January-December 2014

    “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.” says

    Anders Davidsson moving on to new challenges; Stephane Hamelin new CEO of Bong

    After more than 10 years as CEO of the Bong group, Anders Davidsson is now moving on to a new job outside Bong. Stephane Hamelin, Bong’s Chairman and also the largest shareholder, will assume the role as CEO with immediate effect. Anders Davidsson has accepted an offer to become the CEO of Kwintet, the European leader in professional work wear. Kwintet has an annual turnover of around Euro 500 million and is headquartered in Malmö. “It has been a pleasure to work with Anders Davidsson, not only because of his professional skill, but also because of the moral values we have in common”,

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