Redeye: Bong - Declining top-line calls for action

Sales dropped sharply in the second quarter, putting pressure on gross margins and sending EBIT back into red numbers. Adjusted for currency effects, sales decreased approximately 10 percent and even a bit more for envelope products. On a more positive note paper prices are now softer. Bong should have a good opportunity to catch up and regain some margins that was lost during the last couple of years.

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This is a press release from Redeye - Research Powered Investment Banking. https://www.redeye.se/about/