BONG LJUNGDAHL AB Interim report January - March 2007

BONG LJUNGDAHL AB Interim report January - March 2007

“Last year's restructuring efforts had a tangible impact on the first quarter in
the form of reduced costs, at the same time the restructuring programmes have
boosted our capacity utilisation. Our focus now is on pushing through price
increases,” says Bong's President and CEO Anders Davidsson.

•	Net sales are reported at SEK 540 million (556). ProPac continued to gain
importance for the Group and accounted for 9 percent of  sales in the first
quarter (7). 

•	Operating profit was SEK 24 million (25) and profit after tax amounted to SEK
9 million (10). Earnings per share after dilution were SEK 0.65 (0.78).

•	The restructuring programme generated a decrease of SEK 18.5 in fixed costs
compared to the same quarter of 2006.

•	The price of uncoated fine paper has continued to increase sharply. First
quarter profit was negatively affected by the delay in passing on price
increases to customers.

•	Cash flow after investing activities was SEK -79 million (-34). 


For additional information, please contact Anders Davidsson, President 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.


Bong is one of Europe's leading envelope companies. The Group has annual sales
of approximately SEK 2 billion, some 1,400 employees and an annual manufacturing
capacity of around 15 billion envelopes at its factories in Sweden, Norway,
Denmark, Finland, Poland, Germany, Belgium, the UK, Russia, Estonia and
Lithuania. 
Bong has a very strong market position, particularly in Northern Europe, and
conducts sales and marketing in thirteen European countries through its own
sales organisations. Bong is expanding rapidly in its ProPac line of packaging
solutions. The Group sees attractive opportunities for further expansion and
development. Bong is a publicly listed company and its shares are quoted on the
OMX Nordic Stock Exchange in Stockholm.