Interim Report January – September 2014


“The implementation of Bong’s large restructuring program is proceeding
according to plan and we now see a positive cash flow. We are now accelerating
the pace to further reduce our costs. The restructuring program will increase
the capacity utilization in the most efficient factories in the Group and will
not affect the service level which will still be over indu­stry standard.” says
Stéphane Hamelin, Bong’s Presi­dent and CEO.
July – September 2014

  · Revenue SEK 601 million (595)
  · Cash flow after investing activities SEK 16 million (-19)
  · Operating earnings SEK -9 million (-28), including non-recurring cost for
restructuring program of SEK -4 million (0)
  · Earnings after tax SEK -25 million (-47)
  · Earnings per share SEK -0.16 (-0.73)

January – September 2014

  · Revenue SEK 1,856 million (1,899)
  · Cash flow after investing activities SEK 3 million (-105)
  · Operating earnings SEK -70 million (-96), including non-recurring cost for
restructuring program of SEK -60 million (-60) and capital gains from sale of
pro­perty of SEK 6 million
  · Earnings after tax SEK - 102 million (-122)
  · Earnings per share SEK -0.65 (-3.72)

Bong is a leading provider of specialized 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 Eastern Europe. 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 Håkan Gunnarsson, CFO for Bong AB.
Tel (switchboard) +46 44-20 70 00 (direct) +46 44- 20 70 82, (mobile) +46 703-15
70 82

Attachments

11137292.pdf