Redeye: Bong - Challenging Year Ahead

Redeye is lowering its forecasts and valuation for Bong in the wake of the Corona crisis. 2020 will be a challenging year for Bong since several business units are affected by the shut-downs in Europe. We expect to see a significant drop in volumes and more restructuring measures. Light Packaging is affected to a lesser extent but will certainly not balance the expected decline in envelopes. 

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