Bong Ljungdahl: Year-end Release January-December 2002

KRISTIANSTAD, Sweden, Feb. 27, 2003 (PRIMEZONE) -- Bong Ljungdahl:

- Continued recession and weaker markets have pulled results down

- Operating loss(a) amounted to skr 20 million (40)

- Cash flow improved by SKr 202 million and amounted to SKr 170 million

- SKr 30 million of structuring and cost-reduction program with annual effect of SKr 35 million completed

- Write-down of goodwill by SKkr 110 million

- Board proposes that no dividend be paid for 2002

Examination ReportWe have made a general examination of this year-end release in accordance with FAR's recommendations.

A general examination is significantly less far-reaching than an audit. Nothing has emerged to suggest that this year-end release does not satisfy the requirements of the Stock Exchange Act and the Annual Accounts Act.


 Dan Andersson                 Anders Lundin
 Authorised public accountant  Authorised public accountant

Further information may be obtained from Bong Ljungdahl AB's 
MD and CEO, Lennart Pihl
+46 44 20 70 50, +46 44 20 70 00 (switchboard)
or
+46 70 594 68 66, (mobile)


Coming financial reports:
 Interim report January - March 2003      May 9, 2003
 Interim report January - June 2003       August 21, 2003
 Interim report January - September 2003  November 13, 2003

Bong is one of Europe's leading envelope companies. The Group has an annual turnover of around 2.1 billion kronor, has about 1,600 employees and a manufacturing capacity of some 15 billion envelopes a year at its production units in Sweden, Denmark, Norway, Finland, Poland, Germany, Belgium, Britain and Ireland. Over the past few years, Bong has carried out a number of acquisitions of companies in the envelope industry and has thus taken an active part in the current process of structural transformation in the industry in Europe. The Group sees attractive opportunities for further expansion and development. Bong is a publicly listed company and its shares are listed on the Stockholm stock exchange "O" list.

Bong Ljungdahl: Year-end Release January-December 2002

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