Interim Report January – March 2014
”Since the end of last year, we have been working hard with the implementation of the new comprehensive action programme that will lead to greater cost efficiency and better margins for the Group. The work is progressing according to plan,” says Bong’s President and CEO Anders Davidsson.”
January – March 2014
- Net debt SEK 817 million (802 at 31 December 2013)
- Cash flow after investments SEK -7 million (-16)
- Net sales SEK 662 million (677)
- Operating earnings SEK -44 million (-47), including non-recurring cost for restructuring programme of SEK -51 million (-60) and capital gains from sale of property of SEK 6 million
- Earnings after tax SEK -45 million (-47)
- Earnings per share SEK -0.28 (-2.71)
Presentation of the report
The report will be presented at a teleconference on 22 May at 10:00 a.m. CET. The telephone number for the conference is +46 (0)8 5052 0110. Slides for the teleconference will be available on our website bong.com at the time that this report is published.
Bong is a leading provider of specialised packaging and envelope products in Europe, offering solutions for distribution and packaging of information, advertising materials and lightweight goods. Important growth areas in the Group are the Propac packaging concept and Russia. The Group has annual sales of approximately SEK 2.5 billion and about 1,900 employees in 15 countries. Bong has strong market positions in the majority of key markets in Europe, and the Group sees interesting possibilities for continued expansion and development. Bong is a public limited company and its shares are listed on NASDAQ OMX Stockholm Small Cap.
For further information, please contact Anders Davidsson, President and CEO, Bong AB.
+46 (0)44 20 70 00 (main exchange), +46 (0)44 20 70 80 (direct line), +46 (0)70 545 70 80 (mobile).
