KRISTIANSTAD, Sweden, Aug. 20, 2004 (PRIMEZONE) -- Bong Ljungdahl Interim report --
-- NET SALES FELL TO MSEK 934 (1,003), PARTLY AS AN EFFECT OF THE
GROUP'S INCREASED FOCUS ON PROFITABLE VOLUMES.
-- RESULT AFTER TAX REPORTED AT MSEK 37 (-52).
-- EARNINGS PER SHARE TOTALLED SEK 2.78 (-4.02).
-- CASH FLOW AFTER INVESTING ACTIVITIES WAS MSEK 29 (13).
-- FINAL SETTLEMENT IN DISPUTE WITH BAUWENS GENERATES
POSITIVE EARNINGS EFFECT OF MSEK 61.
-- OPERATING PROFIT WAS A SIGNIFICANT IMPROVEMENT COMPARED
TO LAST YEAR. OPERATING PROFIT EXCLUDING MSEK +61 FROM
THE SETTLEMENT WITH BAUWENS AND RESTRUCTURING CHARGES OF
MSEK -7 AMOUNTED TO MSEK +7.
-- KIRJEKUORI OY ACQUIRED. KIRJEKUORI OY IS EXPECTED TO MAKE A
POSITIVE CONTRIBUTION TO EARNINGS IN 2005. PLANS TO DECREASE
STAFF IN FINLAND BY 30 EMPLOYEES ARE ONGOING.
-- NEW COST-CUTTING AND ACTION PROGRAMME INITIATED IN SCANDINAVIA.
50 EMPLOYEES MADE REDUNDANT.
For additional information contact Anders Davidsson, Managing Director and CEO of Bong Ljungdahl AB. Telephone (switchboard) +46 (0)44 20 70 00, (direct) +46 (0)44 20 70 80, (mobile) +46 (0)70 545 70 80.
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The following files are available for download:
http://www.waymaker.net/bitonline/2004/08/20/20040820BIT00260/wkr0001.pdf
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