Interim Report January – September 2013
”The successful completion of the rights issue and the securing of long-term bank financing have decisively strengthened the Group’s financial position,” says Bong’s President and CEO Anders Davidsson. “Using this base, we are now launching an action plan to achieve a rapid and significant improvement in performance. I expect to see the first positive effects already in the fourth quarter.”
July – September 2013
- Net sales SEK 595 million (656)
- Net debt SEK 844 million (1,005 31 December 2012)
- Cash flow after investments SEK -19 million (-68)
- Operating earnings SEK -28 million (26)
- Earnings after tax SEK -47 million (7)
- Earnings per share SEK -0.73 (0.40)
- New action plan for rapid and significant improvement in performance
January – September 2013
- Net sales SEK 1,899 million (2,184)
- Operating earnings SEK -96 million (37), including non-recurring cost for restructuring programme of SEK 60 million (40)
- Earnings after tax SEK -122 million (-11)
- Cash flow after investments SEK -105 million (-92)
- Earnings per share SEK -3.72 (-0.61)
Presentation of the report
The report will be presented at a teleconference on 21 November at 10:00 a.m. 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 3 billion and about 2,000 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)40 17 60 00 (main exchange), +46 (0)40 17 60 05 (direct line), +46 (0)70 545 70 80 (mobile).
