Bong Ljungdahl AB Interim report January-June 2003

INTERIM REPORT JANUARY-JUNE 2003 · MARKET CONTINUES WEAK WITH TOUGH PRESSURE ON PRICES · OPERATING LOSS OF MSEK -26*) (18)***) · CASH FLOW OF MSEK 13**) (108)****) · NEW ACTION PROGRAM WITH POSITIVE ANNUAL EFFECT OF APPROX. MSEK 100 Millions of Swedish kronor (MSEK) Q2 Q2 Q1-2 Q1-2 2003 2002 2003 2002 Net sales 460 531 1 003 1 123 Operating profit *) -23 -4 *) -26 ***) 18 Profit after financial items *) -34 -20 *) -50 ***) -14 Cash flow after investment activities **) 5 2 **) 13 ****) 108 *) Not including items affecting comparability in the amount of MSEK 5 attributable to capital gains from sale of real property. **) Including payment in the amount of MSEK 31 from sale of real property. ***) Not including items affecting comparability in the amount of MSEK 6 attributable to capital gains from sale of real property. ****) Including payment in the amount of MSEK 51 from sale of real property. Kristianstad, August 21, 2003 Lennart Pihl President and CEO EXAMINATION REPORT We have made a general examination of this interim report in accordance with FAR's recommendations. A general examination is significantly less far-reaching than an audit. Nothing has emerged to suggest that this interim report does not satisfy the requirements of the Stock Exchange Act and the Annual Accounts Act. Kristianstad, August 21, 2003 Dan Andersson Anders Lundin Authorised public accountant Authorised public accountant Further information may be obtained from Bong Ljungdahl AB's President and CEO at +46 44 20 70 00, +46 44 20 70 50 (direct), or +46 70 594 68 66 (mobile) Upcoming financial reports Interim report January-September 2003: November 13, 2003 Year-end release 2003 February, 2004 Bong is one of Europe's leading envelope companies. The Group has an annual turnover of around SEK 2.1 billion, some 1,500 employees and an annual manufacturing capacity of some 15 billion envelopes at its production units in Sweden, Denmark, Norway, Finland, Poland, Germany, Belgium, Britain and Ireland. Bong has a very strong market position, especially in Northern Europe, and canvasses twelve European countries through its own sales organizations. In recent years, Bong has acquired several companies in the envelope industry and has thus taken an active part in the current process of structural transformation in the industry in Europe. The Group sees attractive opportunities for further expansion and development. Bong is a publicly traded company and its shares are listed on the O- list of the Stockholm Stock Exchange. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/08/21/20030821BIT01400/wkr0001.doc The full report http://www.waymaker.net/bitonline/2003/08/21/20030821BIT01400/wkr0002.pdf The full report